2709 S Baker Street, Santa Ana, California 92707, Santa Ana, 92707 - bed, bath
ACTIVE$1,710,000
2709 S Baker Street, Santa Ana, California 92707
0Bed
0Bath
3,963Sqft
6,098Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Metrics: This fully leased 4-plex boasts an attractive 5.8% cap rate and active utility billback for all units, ensuring immediate cash flow and reduced operational expenses for an investor.
Top Cons:
Building Age: Despite extensive renovations, the 1961 construction year means the underlying original infrastructure (e.g., foundation, non-upgraded plumbing) could still present unforeseen maintenance concerns in the long term.
Compared to the nearby listings
Price:$1.71M vs avg $1.13M (+$580,000)73%
Size:3,963 sqft vs avg 2,625 sqft67%
Price/sqft:$431 vs avg $43150%
More Insights
Built in 1961 (64 years old).
Condition: Despite being built in 1961, the property has undergone a comprehensive and recent renovation. The listing explicitly states 'new interiors, including kitchens with new appliances and bathrooms, plus vinyl windows and flooring, new electrical, and a new roof.' The images confirm modern, clean kitchens with new white shaker cabinets, dark solid-surface countertops, and new black appliances. The flooring is new light wood-look vinyl plank throughout, and the walls are freshly painted. This extensive overhaul brings the property's condition to a virtually new standard, aligning with the 'Excellent' criteria for a recently and fully renovated property.
Year Built
1961
Close
-
List price
$1.71M
Original List price
$1.71M
Price/Sqft
$431
HOA
-
Days on market
-
Sold On
-
MLS number
NP25111225
Home ConditionExcellent
Features
View-
About this home
Now on the market: a fully leased 4-plex at 2709 S. Baker St in Santa Ana. This property features four renovated 2-bed, 1.5-bath townhomes with new interiors, including kitchens with new appliances and bathrooms, plus vinyl windows and flooring, new electrical, a new roof, and garage parking. Situated in a very walkable neighborhood with a good bike score, this is a great investment opportunity in Santa Ana, just minutes from South Coast Plaza for premier shopping and dining. The property is also directly across the street from Saddleback High School and near other schools like Washington Elementary and McFadden Intermediate. Current Cap rate of 5.8%!! Utility billback is currently active on all 4 units! 2701 S. Baker Just Sold for $1.71M!
Condition Rating
Excellent
Despite being built in 1961, the property has undergone a comprehensive and recent renovation. The listing explicitly states 'new interiors, including kitchens with new appliances and bathrooms, plus vinyl windows and flooring, new electrical, and a new roof.' The images confirm modern, clean kitchens with new white shaker cabinets, dark solid-surface countertops, and new black appliances. The flooring is new light wood-look vinyl plank throughout, and the walls are freshly painted. This extensive overhaul brings the property's condition to a virtually new standard, aligning with the 'Excellent' criteria for a recently and fully renovated property.
Pros & Cons
Pros
Strong Investment Metrics: This fully leased 4-plex boasts an attractive 5.8% cap rate and active utility billback for all units, ensuring immediate cash flow and reduced operational expenses for an investor.
Comprehensive Renovations: All four townhomes have undergone extensive renovations, including new interiors, kitchens with new appliances, updated bathrooms, vinyl windows and flooring, new electrical systems, and a new roof, minimizing immediate capital expenditures for a new owner.
Desirable Location & Walkability: Situated in a very walkable neighborhood with a good bike score, the property offers convenient access to amenities and is just minutes from premier shopping and dining at South Coast Plaza.
Proximity to Schools: Directly across from Saddleback High School and near other schools like Washington Elementary and McFadden Intermediate, enhancing its appeal to families and ensuring consistent tenant demand.
Validated Valuation: A direct comparable property at 2701 S. Baker recently sold for $1.71M, providing strong market validation for the current list price of this investment opportunity.
Cons
Building Age: Despite extensive renovations, the 1961 construction year means the underlying original infrastructure (e.g., foundation, non-upgraded plumbing) could still present unforeseen maintenance concerns in the long term.
High School Proximity Impact: Being directly across from Saddleback High School may lead to increased noise, traffic congestion, and parking challenges during school hours, potentially impacting tenant experience and desirability for some.
Potential for Limited Amenities: While interiors are renovated, the description does not explicitly mention in-unit laundry or central air conditioning, which could be expected by some tenants in a fully renovated property and might limit rental upside or broad appeal.