
Santa Ana, California 92705
Analysis of 2229 Ponderosa, Santa Ana, California 92705 is currently available with a list price of $1,270,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1976 (48 years old) with no mention of recent renovations. The listing description explicitly notes 'upside potential through interior updates,' confirming that the kitchens, baths, and systems are likely original or significantly dated and require rehab to achieve market rents.
Situated in the highly desirable 92705 zip code, this property offers a quiet residential setting with excellent walkability to premium shopping and dining along 17th Street and Tustin Avenue.
Current rents are below market averages, providing a clear value-add opportunity for investors to increase cash flow through interior renovations and operational improvements.
The property's proximity to the 55 and 22 freeways ensures convenient access to major Orange County employment hubs, including Irvine, Costa Mesa, and Anaheim, maintaining high tenant demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6674.
Built in 1976, the asset likely requires capital expenditure for modernization and maintenance to compete with newer multifamily units in the area.
The property offers no significant views, which may limit its premium appeal compared to other residential assets in more elevated or scenic parts of Orange County.
Excellent opportunity to own a well-located income property in the highly desirable 92705 zip code in Santa Ana. Situated on a quiet residential street, this multifamily asset offers approximately 2,280 square feet of living space with R-2 zoning, providing flexibility for duplex or small multifamily use. Built in the 1970s, the property is surrounded by a stable mix of single-family homes and multifamily residences, contributing to consistent rental demand. The location offers strong tenant appeal with a walkable setting near shopping, dining, and everyday conveniences along 17th Street and Tustin Avenue. Easy access to the 55 and 22 freeways allows for convenient commuting throughout Orange County, including nearby employment hubs in Irvine, Costa Mesa, and Anaheim. Current rents present upside potential relative to market averages, offering investors the opportunity to increase income through interior updates and operational improvements. Ideal for both owner-users and investors seeking stable cash flow with long-term appreciation in a high-demand area. Don’t miss this chance to acquire a desirable duplex in one of Santa Ana’s most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1976 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 4, 2026
$1,270,000
Initial Listing