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213 N Figueroa Street, Santa Ana, California 92703, Santa Ana, 92703 - 6 bed, 4 bath

213 N Figueroa Street, Santa Ana, California 92703 home-pic-0
ACTIVE$1,249,000
213 N Figueroa Street, Santa Ana, California 92703
6Beds
4Baths
1,959Sqft
6,480Lot
Year Built
1916
Close
-
List price
$1.25M
Original List price
$1.5M
Price/Sqft
$638
HOA
-
Days on market
-
Sold On
-
MLS number
PW25117546
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.25M(73th), sqft - 1959(82th), beds - 6(91th), baths - 4(91th).

Introducing a rare investment opportunity—this versatile property features two legal units, offering excellent flexibility and income potential in a prime location within the Santa Ana Unified School District. With a total of 6 bedrooms and 4 baths, it’s ideal for multigenerational living, dual occupancy, or rental income. Each unit includes tile and wood flooring and an inside laundry area for added convenience. The home also features two garage spaces and dedicated RV parking—an increasingly valuable asset. Connected to public sewer and water, this property presents a great long-term investment with potential for customization or improvement. Whether you're an investor looking to grow your portfolio or a buyer seeking a property with strong income possibilities, this is an opportunity worth exploring.

Condition Rating
Poor
Built in 1916, this property is over a century old. The images reveal very dated kitchens with old appliances and painted cabinets, and basic, outdated bathrooms with older tile and fixtures. Heating is provided by wall units, and cooling relies on window AC units, indicating a lack of central HVAC. The flooring is a mix of older tile and laminate. The property description itself highlights 'Historic Property Age' and 'potential for customization or improvement,' confirming the need for significant upgrades. While functional, the property requires substantial rehabilitation and modernization of major systems and aesthetics to meet current living standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Dual Unit Income Potential: This property features two legal units, offering excellent flexibility for rental income, multi-generational living, or dual occupancy, making it a strong investment opportunity.
Prime Location: Situated in a prime Santa Ana location within the desirable Santa Ana Unified School District, enhancing its appeal to families and renters.
Ample Parking: Includes two dedicated garage spaces and valuable RV parking, addressing a significant need for vehicle accommodation in urban areas.
Functional Interior Amenities: Each unit is equipped with practical features such as tile and wood flooring and an inside laundry area, adding convenience for occupants.
Significant Price Reduction: The property has undergone a substantial price reduction from its original listing, potentially offering a more attractive entry point for investors or buyers.

Cons

Historic Property Age: Built in 1916, the property is over a century old, which may imply potential for deferred maintenance, outdated systems, and higher renovation costs to modernize.
Required Customization/Improvement: The description notes 'potential for customization or improvement,' indicating that the property may not be turn-key and could require additional investment post-purchase to meet current standards or preferences.
Lack of Desirable Views: The property explicitly states 'view:None,' which could be a drawback for buyers prioritizing scenic surroundings or a premium outlook.

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