2318 Franzen, Santa Ana, California 92705, Santa Ana, 92705 - bed, bath
2318 Franzen
Santa Ana, California 92705
Property Price
SUMMARY
Analysis of 2318 Franzen, Santa Ana, California 92705 is currently available with a list price of $1,750,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1969, the property is well-maintained and features significant recent capital improvements including new dual-pane vinyl windows and fresh exterior paint. The largest 3-bedroom unit has been fully renovated with a modern kitchen, updated bathrooms, and new flooring throughout. While the remaining units are occupied and may not share the same level of interior finish, the overall building is move-in ready with major systems updated or well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Value-Add Potential
The largest 3-bedroom unit has been fully renovated with a new kitchen, updated bathrooms, and new flooring, and is currently vacant, allowing a new owner to immediately secure market-rate rent.
- Recent Capital Improvements
The property features significant recent upgrades, including new dual-pane vinyl windows throughout and a freshly painted exterior, reducing immediate maintenance costs for the investor.
- Diverse Unit Composition
The 4-plex offers a versatile mix of one, two, and three-bedroom units, which appeals to a broad tenant base and helps stabilize occupancy and cash flow.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Restricted Inspection Access
The requirement that units can only be toured with an accepted offer creates a significant hurdle for due diligence and may deter cautious investors.
- Market Positioning Challenges
A substantial price reduction history from $2.05M to $1.75M suggests the property was initially overpriced for the current market or has faced challenges in attracting qualified buyers.
About 2318 Franzen
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1969
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Ana Unified Schools
La Veta Elementary School
Grades K-6 • 0.9 mi
El Modena High School
Grades 9-12 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1969 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 12, 2026
$1,750,000
$1,850,000
-5% Price Drop
Initial Listing
Price Change
Nov 27, 2025
$1,850,000
$2,050,000
-10% Price Drop
Initial Listing
Price Change
Nov 12, 2025
$2,050,000
Initial Listing
Sold
Jul 27, 2021
$1,625,000
Public Record
Sold
Jun 29, 2015
$990,000
Public Record