
Santa Ana, California 92705
This Renovated Covington-Style Quadruplex is listed at $1,698,000, representing a stable and fair entry point at its $1,688,584 Fair Market Value. Boasting a Condition Rating of 3, the asset features extensively modernized interiors with quartz countertops, shaker cabinetry, and luxury vinyl plank flooring. The diverse unit mix includes a premier 3-bedroom owner's residence, while all four units enjoy the rare luxury of private patios or decks. Situated near El Modena High School with easy freeway access, this property ensures consistent rental demand. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2232 Joana Subject | $1,698,000* List Price | 0 | 0 | 4,110 | $411 | - |
A 2318 Franzen Active | $1,695,000 List Price | 0 | 0 | 4,180 | $406 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1969, the property has undergone extensive interior renovations within the last few years. The kitchens feature modern white shaker cabinetry, quartz or stone countertops, and stainless steel appliances. Bathrooms have been updated with contemporary vanities and modern tile surrounds. The flooring consists of updated luxury vinyl plank and fresh carpeting. The property is move-in ready with no immediate renovations required, though the 1969 exterior and systems prevent an 'excellent' rating.
The property features a versatile configuration including a large 3-bedroom owner's unit and various smaller units, maximizing rental income potential and appealing to a wide range of tenant profiles.
Each of the four units is equipped with its own private patio or deck, a premium feature for multi-family housing that significantly enhances tenant satisfaction and property desirability.
Situated with convenient freeway access and proximity to diverse shopping and dining, the location is ideal for professionals, ensuring historically low vacancy rates.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 7789.
Built in 1969, the property may require significant capital expenditures for modernizing major systems or improving energy efficiency to meet contemporary standards.
The property sold for $1.44M in early 2024; the current list price reflects a substantial year-over-year increase that may challenge appraisal valuations or investor yield requirements.
Seize this remarkable opportunity to own a Covington-style fourplex that promises both comfort and strong investment potential. Each unit is thoughtfully designed to maximize space and livability. The front unit is a spacious three-bedroom, two-bathroom residence, featuring a welcoming layout and a private back patio, perfect for outdoor relaxation or entertaining guests. Located directly behind it, the downstairs unit offers two well-sized bedrooms and two bathrooms, along with a generous patio area that provides ample outdoor space. On the upper level, you’ll discover two additional units: one offering two bedrooms and two bathrooms, ideal for small families or professionals seeking extra space. The other is a cozy one-bedroom, one-bathroom unit that can serve as a comfortable retreat or an excellent rental option. Both upstairs units come with their own patio decks, providing lovely outdoor views and a perfect spot to enjoy a morning coffee or unwind after a long day. This property boasts a prime location, conveniently situated close to freeway access for easy commuting, along with a variety of shopping options and diverse dining establishments just a short drive away. With its combination of spacious living, desirable features, and strategic location, this fourplex stands out as an outstanding investment opportunity. Don’t wait—make it yours today!
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 9-12 • 1.9 mi
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 | 1969 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Feb 22, 2026
$1,698,000
$1,745,000
-3% Price Drop
Initial Listing
Dec 3, 2025
$1,745,000
Initial Listing
Feb 6, 2024
$1,440,000
Public Record