
Santa Ana, California 92706
This 1922 duplex presents a High-Potential Investment Opportunity with a List Price of $925,000—positioned well below the $1,078,388 Fair Market Value by 14%. This valuation gap offers $153,388 in Instant Equity. Featuring a Condition Rating of 4, the property requires modernization but offers significant upside through its Commercial & Residential Zoning and potential Mills Act tax savings. This is a strategic Buy-and-Hold Asset ideal for Value-Add Investors or Owner-Occupants seeking to leverage historic charm and expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 207 W Buffalo Avenue Subject | $925,000* List Price | 3 | 2 | 1,968 | $548 | - |
A 801 W 17th Street Sold | $852,500 | 2 | 2 | 1,574 | $542 | 0.6 mi |
B 2202 N Bristol Active Under Contract | $849,900 List Price | 0 | 0 | 1,816 | $468 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this property is well-maintained with refinished hardwood floors and fresh paint, but the kitchens and bathrooms are dated. The kitchens feature older cabinetry, tile countertops, and vintage-style appliances consistent with a renovation older than 20 years. While functional and move-in ready, the property requires modernization of key systems and interior finishes to meet modern standards.
Zoned for both commercial and residential use with a large 6,970 sqft lot, providing unique live/work opportunities and significant room for ADU or additional unit development.
The property's inclusion on Santa Ana’s Historic Registry offers potential Mills Act designation, which can result in substantial ongoing property tax savings for the owner.
Located in the prestigious Museum District, the property is within walking distance of the Bowers Museum, Discovery Cube, and the major mixed-use redevelopment at MainPlace Mall.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 6810.
Built in 1922, the property likely requires specialized maintenance and updates to its aging systems and vintage craftsmanship to meet modern standards.
Being on the Historic Registry may impose strict regulatory oversight and limitations on exterior alterations, potentially complicating or increasing the cost of renovations.
Charming, character-rich, and full of upside — this 100-year-old duplex in Santa Ana’s coveted Museum District, adjacent to Floral Park, is a rare find for the savvy investor. Zoned for Commercial & Residential, the possibilities are endless! Live in one and work in the other. The property features a spacious 2-bedroom, 1-bath unit and a cozy 1-bedroom, 1-bath unit, both brimming with the vintage detail and craftsmanship you’d expect from a home of this era. Best of all, the property sits on Santa Ana’s Historic Registry, opening the door to potential Mills Act designation — meaning significant, ongoing property tax savings for the right buyer. But the real surprise is out back: a huge, private backyard oasis offering serious future potential, whether that’s an additional ADU or even a second duplex (buyer to verify with the city). It’s quiet, secluded, and full of possibilities. Location seals the deal — you’re walking distance to the Bowers Museum, Discovery Cube, and MainPlace Mall, which is undergoing an exciting transformation into a mixed-use indoor/outdoor entertainment and lifestyle destination. Also close by and walkable is the reinvisioned Park Santiago with playgrounds, walking trails, and Lawn Bowling for the outdoor enthusiasts. Character. Cash flow. Tax advantages. Room to grow. This one checks every box — don’t miss it!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.1 |
| Square foot | 1,968 | 1,895.889 |
| Lot Size | 6,970 | 28,507.667 |
| Price | $925.0K | $911.2K |
| Price per sq ft | $470 | $477 |
| Built year | 1922 | 1956 |
| HOA | $0 | $438 |
| Days on market | 21 | 83 |
Aug 19, 2026
$925,000
Initial Listing