
Santa Ana, California 92706
This 1922 duplex represents a Strong Value Opportunity, listed at $925,000—positioned well below the $992,621 Fair Market Value by 6%. This valuation gap provides $67,621 in Instant Equity. With a Condition Rating of 4, the property requires interior modernization, yet offers significant upside through potential Mills Act tax savings and ADU development on the 6,970 sqft lot. This Residential Income Asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage historic charm and long-term rental growth.
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 | 0 | 0 | 1,968 | $504 | - |
A 801 W 17th Street Sold | $852,500 | 2 | 2 | 1,574 | $542 | 0.6 mi |
B 2128 N Bristol Street Sold | $725,000 | 0 | 0 | 1,600 | $453 | 0.9 mi |
C 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.
This 1922 historic duplex is well-maintained and clean, but the kitchens and bathrooms are significantly dated, featuring older tile countertops, wall-mounted faucets, and vintage cabinetry likely exceeding 30 years in age. While the property shows well with fresh paint and original hardwood floors, it requires modernization of core systems and interiors to meet current market standards.
The property's inclusion on Santa Ana’s Historic Registry offers the potential for a Mills Act designation, providing significant ongoing property tax savings for the owner.
The large 6,970 sqft lot features a spacious backyard that offers rare potential for adding an ADU or even a second duplex to maximize rental yield.
Situated in the coveted Museum District, the property is walking distance to major landmarks like the Bowers Museum and the revitalized MainPlace Mall entertainment destination.
Built in 1922, the property may require substantial investment to update aging systems such as plumbing, electrical, and foundation to meet modern standards.
The historic registry status may impose strict limitations on exterior modifications and renovations, potentially complicating future expansion or modernization plans.
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. 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 | 0.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 1,968 | 2,400 |
| Lot Size | 6,970 | 8,139.5 |
| Price | $925.0K | $1.05M |
| Price per sq ft | $470 | $429 |
| Built year | 1922 | 1952 |
| HOA | $0 | $0 |
| Days on market | 13 | 100 |
Jul 9, 2026
$925,000
Initial Listing