2238 S Center Street, Santa Ana, California 92704, Santa Ana, 92704 - bed, bath
ACTIVE$1,500,000
2238 S Center Street, Santa Ana, California 92704
0Bed
0Bath
3,500Sqft
6,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: As a triplex, the property offers diversified rental income streams, making it an attractive investment opportunity for cash flow and portfolio growth.
Top Cons:
Age of Property (1960): Built in 1960, the property is over 60 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and significant deferred maintenance or capital expenditures for modernization.
Compared to the nearby listings
Price:$1.50M vs avg $1.50M (+$0)50%
Size:3,500 sqft vs avg 3,150 sqft55%
Price/sqft:$429 vs avg $42950%
More Insights
Built in 1960 (65 years old).
Condition: Built in 1960, this triplex is over 60 years old. The listing explicitly lacks details on recent renovations, and the property analysis highlights the 'potential for outdated systems (plumbing, electrical, HVAC) and significant deferred maintenance or capital expenditures for modernization.' The single exterior image shows an older building with dated windows and garage doors, consistent with its age and suggesting no major exterior updates. Without any interior images or descriptions of renovations, it's highly probable that the kitchens, bathrooms, flooring, and other interior components are original or last updated decades ago, requiring substantial repairs and rehabilitation to meet current standards and attract modern tenants.
Year Built
1960
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$429
HOA
-
Days on market
-
Sold On
-
MLS number
PW25081771
Home ConditionPoor
Features
View-
About this home
Triplex in the city of Santa Ana, Unit A - two bedroom one bath with garage, Unit B2 - bedroom 1 bath with garage, Unit C - 1 bedroom 1 bath with garage
Condition Rating
Poor
Built in 1960, this triplex is over 60 years old. The listing explicitly lacks details on recent renovations, and the property analysis highlights the 'potential for outdated systems (plumbing, electrical, HVAC) and significant deferred maintenance or capital expenditures for modernization.' The single exterior image shows an older building with dated windows and garage doors, consistent with its age and suggesting no major exterior updates. Without any interior images or descriptions of renovations, it's highly probable that the kitchens, bathrooms, flooring, and other interior components are original or last updated decades ago, requiring substantial repairs and rehabilitation to meet current standards and attract modern tenants.
Pros & Cons
Pros
Multi-Unit Income Property: As a triplex, the property offers diversified rental income streams, making it an attractive investment opportunity for cash flow and portfolio growth.
Individual Garages: Each unit is equipped with its own garage, a highly desirable amenity for tenants providing secure parking and additional storage space.
Established Location: Located in Santa Ana, a central city within Orange County, the property benefits from strong rental demand, accessibility to amenities, and a robust local economy.
Versatile Unit Mix: The combination of two 2-bedroom units and one 1-bedroom unit caters to a broader range of tenant demographics, enhancing occupancy potential.
Generous Lot Size: With a 6970 sqft lot, there is ample outdoor space, potentially offering opportunities for tenant amenities or future development like an ADU (subject to zoning).
Cons
Age of Property (1960): Built in 1960, the property is over 60 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and significant deferred maintenance or capital expenditures for modernization.
Undisclosed Condition/Renovations: The description lacks details on recent renovations or the current condition of the units, implying they may be dated and require substantial investment to achieve market-rate rents or attract premium tenants.
Basic Description Lacks Appeal: The very brief property description provides minimal information beyond unit count, failing to highlight any unique features, amenities, or recent upgrades that would enhance its attractiveness to potential tenants or investors.