
Santa Ana, California 92704
This Triplex Residential Income Asset is listed at $1,125,000, offering a strategic value-add opportunity in a high-demand Santa Ana pocket. While the list price exceeds the $1,004,750 Fair Market Value, the property offers significant Garage-to-ADU Conversion Potential and expansive parking to drive future returns. Currently maintaining a Fair Condition Rating, the triplex features Dual-Pane Windows and a functional unit mix near Adams Elementary School. This property serves as an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking long-term appreciation.
Property is moderate renovation needed.
Built in 1960, this triplex is functional and well-maintained but remains largely outdated. Interior images reveal popcorn ceilings, wall-mounted heaters, and older tile flooring. While the kitchens have received some past updates with mid-grade wood cabinetry and some stainless steel appliances, and the windows have been upgraded to dual-pane, the property lacks a comprehensive modern renovation and shows typical wear consistent with a 'fair' rating.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 6827.
Pleased to present 2301 S. Center Street, a well-located 3-unit multifamily opportunity in a desirable residential pocket of South Santa Ana. This triplex features an ideal unit mix of (2) two-bedroom, one-bathroom units (Units A & B) and (1) one-bedroom, one-bathroom unit (Unit C), offering strong rental appeal and flexibility for both investors and owner-occupants. Each unit benefits from its own dedicated laundry area, a highly desirable amenity for tenants. Units A and B feature private laundry rooms conveniently attached to the kitchen, while Unit C offers its own enclosed laundry space, providing added privacy and functionality. The property boasts exceptional parking accommodations, including a large driveway leading to detached garages, along with substantial additional parking in the rear—an uncommon and highly desirable feature for tenants and owners alike. This setup not only enhances day-to-day convenience but also presents potential opportunities for future value-add improvements, including possible garage-to-ADU conversion (buyer to verify), further increasing income potential. Additional exterior improvements include poured concrete along the side of the building with proper drainage and a private cinder block wall, contributing to low-maintenance upkeep and enhanced utility of the space. A majority of the windows have been upgraded to dual-pane, improving energy efficiency and overall comfort. The property provides a solid foundation with additional upside potential through interior renovations and the ability to increase rents to market levels. Situated near Adams Park and Adams Elementary School, the property offers a neighborhood setting while remaining just minutes from South Coast Plaza, Segerstrom Center for the Arts, and SOCO & The OC Mix. Convenient access to the 405, 55, and 73 freeways enhances connectivity throughout Orange County. In addition to its investment potential, the property presents an excellent opportunity for an owner-occupant to live in one unit while generating rental income from the others—helping offset monthly mortgage costs while building long-term equity. With strong rental demand and a central Orange County location, 2301 S. Center Street is well-suited for both investors and owner-users seeking income, flexibility, and future growth.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,820 | 4,322.5 | 17% |
| Lot Size | 6,970 | 7,623 | 33% |
| Price | $1.12M | $1.63M | 33% |
| Price per sq ft | $399 | $378 | 83% |
| Built year | 1960 | 1969 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 211 | 17% |
Mar 31, 2026
$1,125,000
Initial Listing
Aug 24, 1999
$216,500
Public Record