2232 Joana, Santa Ana, California 92705, Santa Ana, 92705 - bed, bath

2232 Joana, Santa Ana, California 92705 home-pic-0
ACTIVE$1,745,000
2232 Joana, Santa Ana, California 92705
0Bed
0Bath
4,110Sqft
7,841Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Investment Opportunity: As a quadruplex and 'Residential Income' property, it offers significant potential for rental income and long-term investment growth.
Top Cons:
MLS Listing Discrepancy: 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.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1969 (56 years old).
Condition: Built in 1969, this property is 55 years old. The MLS listing explicitly highlights 'Property Age' and 'Lack of Renovation Details' as weaknesses, indicating aging infrastructure and systems that will likely require significant capital expenditures. The exterior image shows a dated appearance with visible wear and tear, consistent with a property that has not undergone major renovations in a long time. Without any mention or visual evidence of updated kitchens or bathrooms, it is highly probable that these key areas, along with other major systems, are original or last updated decades ago, necessitating substantial repairs and rehabilitation to meet current standards and comfort levels.
Year Built
1969
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$425
HOA
-
Days on market
-
Sold On
-
MLS number
PW25269775
Home ConditionPoor
Features
Deck
Patio
View-

About this home

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!

Nearby schools

5/10
La Veta Elementary School
Public,K-60.9mi
7/10
El Modena High School
Public,9-121.9mi

Price History

Date
Event
Price
02/06/24
Sold
$1,440,000
Condition Rating
Poor

Built in 1969, this property is 55 years old. The MLS listing explicitly highlights 'Property Age' and 'Lack of Renovation Details' as weaknesses, indicating aging infrastructure and systems that will likely require significant capital expenditures. The exterior image shows a dated appearance with visible wear and tear, consistent with a property that has not undergone major renovations in a long time. Without any mention or visual evidence of updated kitchens or bathrooms, it is highly probable that these key areas, along with other major systems, are original or last updated decades ago, necessitating substantial repairs and rehabilitation to meet current standards and comfort levels.
Pros & Cons

Pros

Strong Investment Opportunity: As a quadruplex and 'Residential Income' property, it offers significant potential for rental income and long-term investment growth.
Diverse Unit Configuration: The property features a varied unit mix (3B/2B, two 2B/2B, 1B/1B), appealing to a broad tenant base and potentially maximizing occupancy and rental yield.
Desirable Outdoor Amenities: Multiple units include private patios or decks, enhancing tenant appeal and providing valuable outdoor living space.
Strategic Location: Conveniently located with easy access to freeways, shopping, and diverse dining options, making it attractive for commuters and residents seeking amenities.
Generous Property Size: With 4110 sqft of living space on a 7841 sqft lot, the property offers ample room for tenants and potential for future enhancements.

Cons

MLS Listing Discrepancy: 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.
Property Age: Built in 1969, the property is over 50 years old, which may imply aging infrastructure and systems that could require significant capital expenditures in the near future.
Lack of Renovation Details: The description does not specify any recent major renovations or upgrades to the building's core components, which could lead to unforeseen maintenance costs for an older multi-unit property.
Significant Price Appreciation: The current list price of $1.745M is a substantial increase from its last sale price of $1.44M in early 2024, which may require strong justification based on market conditions or unstated improvements.

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