2302 S Diamond Street, Santa Ana, California 92704, Santa Ana, 92704 - 3 bed, 5 bath
ACTIVE$849,000$1,212/sqft
Est. Value: $862,655
1%
FairlyEstimate
2302 S Diamond Street, Santa Ana, California 92704
3Beds
5Baths
1,212Sqft
6,200Lot
Price Vs. Estimate
The estimated value ($862,655.14) is $13,655.14 (1%) lower than the list price ($849,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Asset: Currently operating as a rental property, this home offers immediate income potential for investors or a smooth transition for owner-occupants seeking supplemental income.
Top Cons:
Age of Property & Potential for Updates: Built in 1958, the home is over 60 years old, which may necessitate updates to major systems (e.g., electrical, plumbing, HVAC) and finishes to meet modern standards and preferences.
Compared to the nearby listings
Price:$849.0K vs avg $915.0K ($-66,000)32%
Size:1,212 sqft vs avg 1,405 sqft30%
Price/sqft:$700 vs avg $66560%
More Insights
Built in 1958 (68 years old).
Condition: This 1958-built home is move-in ready and appears well-maintained. Key updates include modern stainless steel kitchen appliances, updated laminate/LVP flooring throughout, and a recently renovated bathroom with contemporary tile and vanity. A mini-split AC unit is also visible, indicating a modern cooling system. While the kitchen cabinets, granite countertops, and backsplash, along with one of the bathrooms, show a more dated style (likely 15-20 years old), they are functional and clean. The property does not require immediate renovations, aligning with a 'Good' condition score.
Year Built
1958
Close
-
List price
$849K
Original List price
$875K
Price/Sqft
$700
HOA
-
Days on market
-
Sold On
-
MLS number
PW26004554
Home ConditionGood
Features
Patio
View-
About this home
Nice, clean home that has a lots of potential. Currently it is a rental.
T
Thomas Dao
Listing Agent
Price History
Date
Event
Price
01/04/12
Sold
$355,000
Condition Rating
Good
This 1958-built home is move-in ready and appears well-maintained. Key updates include modern stainless steel kitchen appliances, updated laminate/LVP flooring throughout, and a recently renovated bathroom with contemporary tile and vanity. A mini-split AC unit is also visible, indicating a modern cooling system. While the kitchen cabinets, granite countertops, and backsplash, along with one of the bathrooms, show a more dated style (likely 15-20 years old), they are functional and clean. The property does not require immediate renovations, aligning with a 'Good' condition score.
Pros & Cons
Pros
Income-Generating Asset: Currently operating as a rental property, this home offers immediate income potential for investors or a smooth transition for owner-occupants seeking supplemental income.
Significant Value-Add Potential: The property is described as having 'lots of potential,' indicating ample opportunity for renovation, modernization, or expansion to significantly increase its value and customize it to buyer preferences.
Recent Price Reduction: The listing price has been adjusted from $875,000 to $849,000, presenting a more attractive entry point for buyers and signaling a motivated seller.
Well-Maintained Condition: Described as a 'nice, clean home,' suggesting good upkeep and potentially fewer immediate repair concerns for a prospective buyer.
Generous Lot Size: A 6200 sqft lot provides ample outdoor space for landscaping, gardening, potential for an Accessory Dwelling Unit (ADU) subject to local regulations, or simply more room for outdoor living.
Cons
Age of Property & Potential for Updates: Built in 1958, the home is over 60 years old, which may necessitate updates to major systems (e.g., electrical, plumbing, HVAC) and finishes to meet modern standards and preferences.
Lack of Scenic Views: The property explicitly states 'view:None,' which could be a disadvantage for buyers prioritizing scenic outlooks and potentially impact its appeal compared to properties with desirable views.
Modest Interior Square Footage: With 1212 sqft, the interior living space is relatively modest for a 3-bedroom home, which might be a limitation for larger families or those desiring more expansive living areas.