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2237 Valencia Avenue, Santa Ana, California 92706, Santa Ana, 92706 - bed, bath

2237 Valencia Avenue, Santa Ana, California 92706 home-pic-0
ACTIVE$1,075,000
2237 Valencia Avenue, Santa Ana, California 92706
0Bed
0Bath
2,373Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($963,742.6) is $111,257.4 (10%) lower than the list price ($1,075,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating Potential: Explicitly marketed as an 'excellent investment' with the ability to 'live in one and rent the other' or 'place two great tenants,' suggesting strong potential for rental income or multi-generational living.
Top Cons:
Property Age & Potential for Updates: Built in 1963, the property may require significant updates to systems (e.g., electrical, plumbing, HVAC) or aesthetics to meet modern buyer expectations, which could entail substantial additional investment.

Compared to the nearby listings

Price:$1.07M vs avg $1.20M ($-125,000)30%
Size:2,373 sqft vs avg 1,705 sqft87%
Price/sqft:$453 vs avg $6973%

More Insights

Built in 1963 (62 years old).
Condition: Built in 1963, this property is over 60 years old. While the exterior appears maintained, with a decent roof and paint, the cracked driveway and dated concrete block screen indicate its age. Crucially, there are no interior images or descriptions of renovations, especially for the kitchen and bathrooms. The listing's own analysis highlights 'Property Age & Potential for Updates' and 'Limited Interior Condition Disclosure,' strongly suggesting that major systems (electrical, plumbing, HVAC) and aesthetics (kitchen, bathrooms, flooring, fixtures) are likely original or very outdated, requiring substantial repairs and rehabilitation to meet modern standards. The absence of interior photos for a property of this age is a significant red flag, indicating these areas are not a selling point and need considerable investment.
Year Built
1963
Close
-
List price
$1.07M
Original List price
$1.07M
Price/Sqft
$453
HOA
-
Days on market
-
Sold On
-
MLS number
RS25155406
Home ConditionPoor
Features
View-

About this home

Excellent investment right in the heart of Park Santiago. Live in one and rent the other. Situated in a very private street right behind Hoover Elementary School. Quiet and safe neighborhood sought after Santiago & Hart Park. Conveniently located near the 5 & 22 Freeway, Discovery Science Center, Bowers Museum, St. Joseph Hospital, Main Place Mall, and Old Towne Orange, this home offers both charm and potential in a prime location. Located within the vibrant and close-knit community of Park Santiago, residents enjoy year-round neighborhood events including a Fourth of July parade and celebration, summer dinners, Easter egg hunts, Halloween decorating contests, and more. This investment is perfect for you to live in one and rent the other or place two great tenants making it a great investment with promises of equity build up! Just minutes away is the newly renovated Santiago Park, featuring two brand-new playgrounds, fresh walkways, an amphitheater, and picnic areas—all part of a $3.5 million improvement project. Nearby a recharge station by Gelson’s Fresh Market, featuring 40 Rove ultra-fast EV charging stations, a full-service car wash.

Nearby schools

5/10
Hoover Elementary School
Public,•K-5•0.1mi
4/10
Fairhaven Elementary School
Public,•K-6•0.9mi
3/10
Portola Middle School
Public,•6-8•1.7mi
3/10
Raymond A. Villa Fundamental Intermediate School
Public,•6-8•1.8mi
3/10
Santa Ana High School
Public,•9-12•1.7mi
4/10
Orange High School
Public,•9-12•2.2mi
Condition Rating
Poor
Built in 1963, this property is over 60 years old. While the exterior appears maintained, with a decent roof and paint, the cracked driveway and dated concrete block screen indicate its age. Crucially, there are no interior images or descriptions of renovations, especially for the kitchen and bathrooms. The listing's own analysis highlights 'Property Age & Potential for Updates' and 'Limited Interior Condition Disclosure,' strongly suggesting that major systems (electrical, plumbing, HVAC) and aesthetics (kitchen, bathrooms, flooring, fixtures) are likely original or very outdated, requiring substantial repairs and rehabilitation to meet modern standards. The absence of interior photos for a property of this age is a significant red flag, indicating these areas are not a selling point and need considerable investment.
Pros & Cons

Pros

Income-Generating Potential: Explicitly marketed as an 'excellent investment' with the ability to 'live in one and rent the other' or 'place two great tenants,' suggesting strong potential for rental income or multi-generational living.
Prime Park Santiago Location: Situated in the highly sought-after Park Santiago neighborhood on a private street, directly behind a top-rated elementary school, offering a quiet, safe, and family-friendly environment.
Exceptional Community & Recreational Access: Benefits from a vibrant, close-knit community with year-round events and immediate proximity to the newly renovated Santiago Park, featuring modern recreational facilities.
Excellent Accessibility & Urban Conveniences: Conveniently located near major freeways (5 & 22) and a wealth of urban amenities including cultural centers, hospitals, shopping, and dining, enhancing daily living and property value.
Modern Infrastructure & Lifestyle Amenities: Close proximity to a new EV charging station and full-service car wash, catering to contemporary lifestyle needs and adding convenience for residents.

Cons

Property Age & Potential for Updates: Built in 1963, the property may require significant updates to systems (e.g., electrical, plumbing, HVAC) or aesthetics to meet modern buyer expectations, which could entail substantial additional investment.
Ambiguous Property Type: While advertised for its income-generating potential ('live in one and rent the other'), the property is listed as a 'Single Family Residence,' which could indicate an unpermitted conversion or simply ADU potential that would require further investigation and investment to legalize.
Limited Interior Condition Disclosure: The description lacks specific details regarding the interior condition, recent renovations, or major system updates, which could imply deferred maintenance or necessitate a thorough inspection to uncover potential issues.

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