2725 S Baker St., Santa Ana, California 92707, Santa Ana, 92707 - bed, bath
ACTIVE$1,785,000
2725 S Baker St., Santa Ana, California 92707
0Bed
0Bath
3,963Sqft
6,098Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Turnkey & Fully Renovated Units: The property is a 'pride of ownership turnkey fourplex' with all four units extensively renovated, including new flooring, scraped ceilings, updated electrical panels, new countertops, cabinetry, bathrooms, dual-pane windows, and fresh paint, minimizing immediate capital expenditures for a new owner.
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 = 6299.
Compared to the nearby listings
Price:$1.78M vs avg $1.13M (+$655,000)93%
Size:3,963 sqft vs avg 2,625 sqft67%
Price/sqft:$450 vs avg $43473%
More Insights
Built in 1961 (64 years old).
Condition: Despite being built in 1961, this property has undergone a comprehensive and recent 'full renovation' of all four units, as explicitly stated in the description. Key updates include a brand new roof (2024), new vinyl flooring, scraped ceilings, new sub panels, modern kitchen cabinetry and countertops, new bathrooms with re-glazed tubs, dual-pane windows, new paint, and updated electric fixtures. The images confirm a virtually new and modern interior, particularly in the kitchen with its white shaker cabinets, dark countertops, and new appliances. This extensive renovation, completed with permits, brings the property's condition to an excellent standard, meeting current quality expectations with minimal physical depreciation.
Year Built
1961
Close
-
List price
$1.78M
Original List price
$1.78M
Price/Sqft
$450
HOA
-
Days on market
-
Sold On
-
MLS number
NP25263181
Home ConditionExcellent
Features
Patio
View-
About this home
THIS PRIDE OF OWNERSHIP TURNKEY FOURPLEX IS LOCATED BLOCKS FROM SOUTH COAST PLAZA AND IS PRICED TO SELL! PRICED AT A 5.5CAP RATE AND 13 GRM. THE BUILDING HAS A BRAND NEW ROOF INSTALLED IN 2024! ALL FOUR UNITS HAVE BEEN FULLY RENOVATED TO INCLUDE THE FOLLOWING: VINYL FLOORING, SCRAPED CEILINGS, NEW SUB PANELS, NEW COUNTERTOPS AND CABINETRY, RE-GLAZED TUBS, NEW BATHROOMS, DUAL PANE VINYL WINDOWS, NEW PAINT AND ELECTRIC FIXTURES, SOME UNITS HAVE BRAND NEW HEATING SYSTEM. ALL UNITS ARE TWO BEDROOM TOWNHOME STYLE WITH PRIVATE PATIOS AND ARE LEASED WITH A GARAGE. UTILITY REIMBURSEMENT IS INCLUDED IN LEASES, MAKING THIS AN EXTREMELY LOW EXPENSE HIGH CASHFLOWING ASSET! ALL RENOVATIONS DONE WITH PERMITS AND CITY APPROVAL.
Price History
Date
Event
Price
08/29/24
Sold
$1,225,000
Condition Rating
Excellent
Despite being built in 1961, this property has undergone a comprehensive and recent 'full renovation' of all four units, as explicitly stated in the description. Key updates include a brand new roof (2024), new vinyl flooring, scraped ceilings, new sub panels, modern kitchen cabinetry and countertops, new bathrooms with re-glazed tubs, dual-pane windows, new paint, and updated electric fixtures. The images confirm a virtually new and modern interior, particularly in the kitchen with its white shaker cabinets, dark countertops, and new appliances. This extensive renovation, completed with permits, brings the property's condition to an excellent standard, meeting current quality expectations with minimal physical depreciation.
Pros & Cons
Pros
Turnkey & Fully Renovated Units: The property is a 'pride of ownership turnkey fourplex' with all four units extensively renovated, including new flooring, scraped ceilings, updated electrical panels, new countertops, cabinetry, bathrooms, dual-pane windows, and fresh paint, minimizing immediate capital expenditures for a new owner.
Strong Investment Performance: Priced at an attractive 5.5 CAP rate and 13 GRM, with utility reimbursement included in leases, positioning it as an 'extremely low expense high cashflowing asset' for investors.
Prime Location: Strategically located just blocks from South Coast Plaza, offering tenants convenient access to high-end retail, dining, and entertainment, which can command higher rents and ensure strong tenant demand.
Recent Major Capital Improvement: A brand new roof was installed in 2024, addressing a significant and costly maintenance item for the foreseeable future.
Desirable Unit Features & Permitted Work: All units are two-bedroom townhome style with private patios and include a garage, enhancing tenant appeal. All renovations were completed with permits and city approval, ensuring compliance and quality.
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 = 6299.
Age of Underlying Structure: Despite extensive renovations to the units, the building was constructed in 1961, which may imply older plumbing, foundation, or other structural components not explicitly mentioned as fully replaced.
Inconsistent Heating System Upgrades: The description notes that 'SOME UNITS HAVE BRAND NEW HEATING SYSTEM,' indicating that not all units have received this upgrade, which could lead to future capital expenditures for the remaining units.
Lack of Mentioned Air Conditioning: The property description does not mention the presence of air conditioning in the units, which could be a significant drawback for tenants in Santa Ana's climate and potentially impact rental appeal or future value.