2516 S Rosewood, Santa Ana, California 92707, Santa Ana, 92707 - bed, bath
ACTIVE$1,399,000$3,500/sqft
2516 S Rosewood, Santa Ana, California 92707
0Bed
0Bath
3,500Sqft
6,098Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: As a quadruplex, the property offers four distinct rental units, providing diversified income streams and enhanced cash flow potential for investors, mitigating vacancy risk compared to single-unit properties.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6030.
Compared to the nearby listings
Price:$1.40M vs avg $1.18M (+$224,000)55%
Size:3,500 sqft vs avg 3,500 sqft50%
Price/sqft:$400 vs avg $43045%
More Insights
Built in 1958 (68 years old).
Condition: Built in 1958, this quadruplex shows a mix of conditions across its units. While some kitchens and bathrooms feature recent cosmetic updates like new laminate flooring, white shaker cabinets, and modern tile surrounds (e.g., Image 6 & 8), other units retain older appliances (coil-top stove in Image 5) and more dated bathroom finishes (Image 7). The exterior appears maintained but is visibly dated. Given the property's age, major systems (HVAC, plumbing, electrical) are likely original or have not been extensively updated recently, suggesting potential for significant capital expenditures in the near future. The property is functional and livable, but requires minor updates in some units and likely more substantial investment in core systems to meet modern standards.
Year Built
1958
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$400
HOA
-
Days on market
-
Sold On
-
MLS number
PW26002482
Home ConditionFair
Features
Good View:
View-
About this home
H
Hung Hoang
Listing Agent
Price History
Date
Event
Price
05/05/23
Sold
$1,265,000
03/16/18
Sold
$1,120,000
Condition Rating
Fair
Built in 1958, this quadruplex shows a mix of conditions across its units. While some kitchens and bathrooms feature recent cosmetic updates like new laminate flooring, white shaker cabinets, and modern tile surrounds (e.g., Image 6 & 8), other units retain older appliances (coil-top stove in Image 5) and more dated bathroom finishes (Image 7). The exterior appears maintained but is visibly dated. Given the property's age, major systems (HVAC, plumbing, electrical) are likely original or have not been extensively updated recently, suggesting potential for significant capital expenditures in the near future. The property is functional and livable, but requires minor updates in some units and likely more substantial investment in core systems to meet modern standards.
Pros & Cons
Pros
Multi-Unit Income Potential: As a quadruplex, the property offers four distinct rental units, providing diversified income streams and enhanced cash flow potential for investors, mitigating vacancy risk compared to single-unit properties.
Strategic Santa Ana Location: Situated in Santa Ana, a vibrant city within Orange County, the property benefits from strong rental demand, access to urban amenities, and potential for long-term property value appreciation in a desirable Southern California market.
Generous Lot Size: The 6,098 sqft lot provides ample space, which can be advantageous for tenant parking, potential outdoor common areas, or future property enhancements, subject to local zoning regulations.
Established Rental Market: Being a residential income property in Santa Ana, it likely benefits from a consistent and robust demand for rental units, contributing to stable occupancy rates and reliable rental income.
Recent Transaction History: The property's sale in May 2023 for $1.265M provides a recent comparable, offering a clear benchmark for market value and demonstrating recent investor interest in this asset class.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6030.
Age and Potential for Capital Expenditures: Built in 1958, the property is over six decades old, suggesting a high likelihood of requiring significant capital expenditures for system upgrades (e.g., HVAC, plumbing, electrical), structural repairs, or cosmetic renovations to modernize units and maximize rental income.
Limited Financial/Unit Condition Transparency: The provided details lack specific information on current rental rates, individual unit configurations, or interior conditions, creating uncertainty for investors regarding immediate cash flow, vacancy rates, and necessary renovation budgets.
Data Anomaly in Listing Dates: The `on_market_date` and `modified_timestamp` being listed in 2026 indicates a data anomaly, which could lead to confusion about the property's true listing status, market availability, or potential delays in the sales process.