208 N Wright Street, Santa Ana, California 92701, Santa Ana, 92701 - bed, bath
208 N Wright Street
Santa Ana, California 92701
Property Price
SUMMARY
Analysis of 208 N Wright Street, Santa Ana, California 92701 is currently available with a list price of $1,490,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1979, the property is well-maintained but shows significant signs of age. The kitchen features dated oak-style cabinetry, laminate countertops, and older white appliances, while the bathrooms and living areas utilize basic tile and older fixtures. While functional and clean, the lack of recent modern renovations to major systems and interior finishes aligns with the fair condition category.
PROSSTRENGTHS & OPPORTUNITIES
- Value-Add Potential
With long-term tenants currently paying below-market rates, there is a significant opportunity for an investor to increase rental income and realize immediate equity growth.
- Versatile Unit Configuration
The property features a large 1,500 sqft freestanding front house plus two rear apartments, offering a flexible layout that appeals to both multi-generational families and traditional renters.
- Utility Efficiency
The units are separately metered for gas and electricity, which minimizes landlord expenses and simplifies the management of utility costs for the owner.
CONSRISKS & DEFICIENCIES
- Tenant Turnover Complexity
The presence of long-term tenants at low rents may present challenges in achieving market-rate returns quickly due to potential relocation costs or local rent stabilization considerations.
- Aging Infrastructure
Built in 1979, the property may require upcoming capital expenditures for major systems or cosmetic updates to remain competitive with newer rental inventory in the area.
About 208 N Wright Street
Nice 3-plex in great condition, well taken care of complex. The front house is a freestanding 1500 sqft 3 bed 2 bath home with a front and back yard. At the back of the lot there are two bed, one bath up and down apartments. There are long time tenants occupying now. Units are very easy to the rent, the rents are low and there is an opportunity to increase. It's separately metered for gas and electric. Close to schools, shopping, ZOO, public transportation and other amenities.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1979
- Lot Size
- 10,742 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,200 | 2,634 | 78% |
| Lot Size | 10,742 | 8,442 | 78% |
| Price | $1.49M | $1.04M | 78% |
| Price per sq ft | $355 | $383 | 44% |
| Built year | 1979 | 1926 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 234 | 156 | 67% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,490,000
$1,550,000
-4% Price Drop
Initial Listing
Price Change
Jul 16, 2025
$1,550,000
Initial Listing