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 Income & Occupancy: The property is a fully leased 4-plex with an attractive current Cap rate of 5.8%, indicating immediate and stable income generation for an investor.
Top Cons:
Age of Original Structure: Despite extensive renovations, the property was originally built in 1961, meaning the underlying infrastructure could still present age-related maintenance challenges over time.
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 extensive recent renovations, including new interiors, kitchens with new appliances, updated bathrooms, vinyl windows and flooring, new electrical, and a new roof. The images confirm modern, clean kitchens with new white cabinetry, dark countertops, stainless steel sinks, and new black appliances. Bathrooms also feature new vanities, toilets, and updated shower/tub combos. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently 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
NP25144601
Home ConditionExcellent
Features
Good View:
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 extensive recent renovations, including new interiors, kitchens with new appliances, updated bathrooms, vinyl windows and flooring, new electrical, and a new roof. The images confirm modern, clean kitchens with new white cabinetry, dark countertops, stainless steel sinks, and new black appliances. Bathrooms also feature new vanities, toilets, and updated shower/tub combos. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently renovated property.
Pros & Cons
Pros
Strong Income & Occupancy: The property is a fully leased 4-plex with an attractive current Cap rate of 5.8%, indicating immediate and stable income generation for an investor.
Extensive Recent Renovations: All four townhomes have undergone significant renovations, including new interiors, kitchens with new appliances, updated bathrooms, vinyl windows and flooring, new electrical, and a new roof, minimizing immediate capital expenditures for a new owner.
Desirable Location & Amenities: Situated in a very walkable neighborhood with a good bike score, the property is minutes from South Coast Plaza and directly across from Saddleback High School, enhancing tenant appeal and demand.
Operational Efficiency: The active utility billback system for all four units significantly reduces landlord operating expenses, contributing to higher net operating income.
Strong Market Validation: A recent comparable sale at 2701 S. Baker for $1.71M provides strong market validation for the property's asking price and overall value.
Cons
Age of Original Structure: Despite extensive renovations, the property was originally built in 1961, meaning the underlying infrastructure could still present age-related maintenance challenges over time.
Proximity to High School: Being directly across the street from Saddleback High School may lead to increased noise, traffic congestion, and potential loitering during school hours, which could be a concern for some tenants.
Lack of Mention of Cooling System: The description details numerous upgrades but does not mention the presence of air conditioning or a cooling system, which is a significant amenity and often a necessity in Southern California's climate.