2709 S Baker Street, Santa Ana, California 92707, Santa Ana, 92707 - bed, bath
ACTIVE$1,695,000
2709 S Baker Street, Santa Ana, California 92707
0Bed
0Bath
3,960Sqft
6,098Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a quadruplex, the property offers multiple rental units, providing diversified income streams and potential for strong cash flow, appealing to investors.
Top Cons:
Property Age (1961): The 1961 construction year suggests potential for outdated infrastructure (e.g., plumbing, electrical, HVAC systems) and deferred maintenance, which could lead to significant capital expenditures.
Compared to the nearby listings
Price:$1.70M vs avg $1.13M (+$565,000)73%
Size:3,960 sqft vs avg 2,625 sqft60%
Price/sqft:$428 vs avg $43040%
More Insights
Built in 1961 (64 years old).
Condition: Despite being built in 1961, the property appears to have undergone recent cosmetic renovations, making it move-in ready. The kitchen features new white cabinets, dark countertops, and a stainless steel range. Bathrooms have updated vanities, sinks, faucets, and modern light fixtures. Consistent LVP flooring and fresh paint throughout contribute to a clean, updated aesthetic. While major systems (HVAC, plumbing, electrical) are not visible and could be older, the visible interior condition aligns with a property extensively renovated within the last 5-15 years, requiring no immediate cosmetic updates.
Year Built
1961
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$428
HOA
-
Days on market
-
Sold On
-
MLS number
NP25151404
Home ConditionGood
Features
View-
About this home
Condition Rating
Good
Despite being built in 1961, the property appears to have undergone recent cosmetic renovations, making it move-in ready. The kitchen features new white cabinets, dark countertops, and a stainless steel range. Bathrooms have updated vanities, sinks, faucets, and modern light fixtures. Consistent LVP flooring and fresh paint throughout contribute to a clean, updated aesthetic. While major systems (HVAC, plumbing, electrical) are not visible and could be older, the visible interior condition aligns with a property extensively renovated within the last 5-15 years, requiring no immediate cosmetic updates.
Pros & Cons
Pros
Income-Generating Asset: As a quadruplex, the property offers multiple rental units, providing diversified income streams and potential for strong cash flow, appealing to investors.
Desirable Location: Situated in the South Coast Metro area of Santa Ana, the property benefits from proximity to major employment centers, upscale shopping (South Coast Plaza), entertainment, and cultural amenities.
Substantial Square Footage: With 3960 sqft across four units, the property likely offers good living space per unit, which can attract a broader tenant base and command competitive rents.
Established Neighborhood: Built in 1961, the property is part of a mature community, often characterized by stable property values, developed infrastructure, and a sense of established community.
Investment Potential: As a multi-unit property in a strong Southern California market, it presents a significant opportunity for long-term appreciation and portfolio diversification for real estate investors.
Cons
Property Age (1961): The 1961 construction year suggests potential for outdated infrastructure (e.g., plumbing, electrical, HVAC systems) and deferred maintenance, which could lead to significant capital expenditures.
Potential for Renovation Needs: To maximize rental income and tenant appeal in today's market, the units may require substantial modernization and upgrades, adding to the initial investment cost and project timeline.
Lack of Financial Performance Data: The provided details do not include current rental income, occupancy rates, or operating expenses, making it challenging for potential investors to accurately assess its financial viability and return on investment without further due diligence.