208 N Wright Street, Santa Ana, California 92701, Santa Ana, 92701 - bed, bath
ACTIVE$1,550,000
208 N Wright Street, Santa Ana, California 92701
0Bed
0Bath
4,200Sqft
10,742Lot
Year Built
1979
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$369
HOA
-
Days on market
-
Sold On
-
MLS number
TR25155855
Home ConditionFair
Features
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $1.55M(86th), sqft - 4200(71th), beds - undefined(50th), baths - undefined(50th).
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.
Price History
Date
Event
Price
07/16/25
$1,550,000
Condition Rating
Fair
The property was built in 1979. The listing mentions it's well-maintained, but the images show the exterior is aged and the garages appear worn. Without interior photos, it's difficult to assess the kitchen and bathroom conditions, but given the age and exterior appearance, a 'fair' rating is appropriate, suggesting it requires minor updates or repairs.
Pros & Cons
Pros
Income Potential: The property is a triplex, offering immediate rental income from three units.
Value Add Opportunity: Rents are currently low, presenting a significant opportunity to increase rental income.
Desirable Unit Mix: Features a freestanding 3-bed/2-bath house plus two additional 2-bed/1-bath apartments, appealing to a variety of tenants.
Convenient Location: Close proximity to schools, shopping, the Santa Ana Zoo, and public transportation enhances tenant appeal.
Separately Metered Utilities: Each unit is separately metered for gas and electric, simplifying utility management and billing.
Cons
Tenant Occupied: Property is currently tenant-occupied, which may limit immediate access for renovations or owner occupancy.
Age of Property: Built in 1979, the property may require updates or repairs to meet modern standards.
Potential Renovation Costs: While well-maintained, the property may benefit from renovations to maximize rental income and property value.