2318 Franzen, Santa Ana, California 92705, Santa Ana, 92705 - 0 bed, 0 bath
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Santa Ana, California 92705
Analysis of 2318 Franzen, Santa Ana, California 92705 is currently available with a list price of $1,625,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Although built in 1969, the property is well-maintained with significant recent capital improvements. The largest 3-bedroom unit has undergone a full renovation (<5 years) including a new kitchen, updated bathrooms, and new flooring. The entire building benefits from new dual-pane vinyl windows and recent exterior paint, meeting the criteria for a functional, move-in ready investment.
The largest 3-bedroom unit has been fully renovated with a new kitchen, updated bathrooms, and new flooring, allowing a new owner to immediately secure market-rate rent or occupy the unit themselves.
The property features significant recent upgrades, including new dual-pane vinyl windows throughout and a freshly painted exterior, which enhance energy efficiency and reduce immediate maintenance liabilities.
With a configuration of one 3-bedroom, two 2-bedroom, and one 1-bedroom units, the property offers a versatile rental strategy that appeals to a wide range of tenant profiles and stabilizes vacancy risk.
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 = 7465.
The requirement that units are only to be toured with an accepted offer creates a barrier for entry and limits a buyer's ability to assess the interior condition of the occupied units upfront.
Built in 1969, the property may require ongoing attention to aging plumbing, electrical, or mechanical systems that are common in assets of this era despite recent cosmetic updates.
Great opportunity to own a well-maintained 4-plex. The property consists of 1 3-bedroom 2-bath unit, 2 2-bedroom 2-bath units and a spacious 1-bedroom 1-bath unit. The 3-bedroom unit was just vacated, and the seller used the opportunity to fully refresh the space with a new kitchen, updated bathrooms, mirrored wardrobe closets, a new sliding door, and new flooring throughout thus positioning a new owner to maximize the unit’s rental potential. Other recent improvements include new dual pane vinyl windows throughout and the recently painted exterior. PLEASE DO NOT DISTURB TENANTS. UNITS TO BE TOURED WITH ACCEPTED OFFER.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 4,180 | 2,400 |
| Lot Size | 7,841 | 8,139.5 |
| Price | $1.62M | $1.05M |
| Price per sq ft | $389 | $429 |
| Built year | 1969 | 1952 |
| HOA | $0 | $0 |
| Days on market | 42 | 100 |
Jun 10, 2026
$1,625,000
Initial Listing
Jul 27, 2021
$1,625,000
Public Record
Jun 29, 2015
$990,000
Public Record