2729 S Baker, Santa Ana, California 92707, Santa Ana, 92707 - 0 bed, 0 bath
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Santa Ana, California 92707
This High-Potential Investment Opportunity is a turnkey fourplex listed at $1,850,000, positioned slightly above the $1,783,230 Fair Market Value. Despite the premium, the property features an Excellent Condition Rating with a brand-new roof, renovated interiors, and a RUBS implementation to maximize net operating income. Its proximity to South Coast Plaza and major freeways ensures strong rental demand for this Residential Income asset. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a low-maintenance, cash-flowing property with immediate operational efficiency.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2729 S Baker Subject | $1,850,000* List Price | 0 | 0 | 3,963 | $450 | - |
A 2606 S Rosewood Sold | $1,350,000 | 0 | 0 | 3,500 | $386 | 0.1 mi |
B 2725 S Baker St. Sold | $1,800,000 | 0 | 0 | 3,963 | $454 | 0.0 mi |
C 2516 S Rosewood Active Under Contract | $1,379,900 List Price | 0 | 0 | 3,500 | $394 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property qualifies as Excellent due to extensive recent renovations (under 5 years) that make it turnkey. Key updates include a brand-new roof, upgraded electrical sub-panels, new luxury vinyl plank flooring, remodeled bathrooms, and modern cabinetry. The inclusion of dual-pane windows and new heating systems in select units ensures the property is in mint condition with no immediate maintenance required.
The property features a brand-new roof and extensive interior upgrades across all units, including luxury vinyl plank flooring, modern cabinetry, and updated electrical sub-panels, minimizing immediate capital expenditure for investors.
Ideally situated minutes from South Coast Plaza and major freeways, the property is positioned in a high-demand area that attracts quality tenants and supports strong occupancy rates.
The implementation of a Ratio Utility Billing System (RUBS) and the inclusion of private garages and patios allow for higher rent premiums and reduced operating expenses, maximizing Net Operating Income.
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 = 6314.
Built in 1961, the property may have aging underlying systems such as main-line plumbing or original structural components that were not addressed by the recent cosmetic and unit-level renovations.
With a lot size of 6,098 square feet already densely utilized by four townhome-style units and garages, there is minimal room for further value-add construction or ADU additions.
Exceptional turnkey fourplex ideally located just minutes from South Coast Plaza, offering a rare opportunity to own a pride-of-ownership investment property with strong cash flow potential. A brand-new roof has recently been installed, and all four spacious two-bedroom, townhome-style units have been extensively renovated with luxury vinyl plank flooring, upgraded electrical sub-panels, modern cabinetry and countertops, reglazed tubs, remodeled bathrooms, dual-pane vinyl windows, fresh interior paint, and updated lighting and electrical fixtures, while select units also feature brand-new heating systems. Each unit includes a private patio and its own garage, providing amenities that attract and retain quality tenants. A RUBS (Ratio Utility Billing System) has been implemented to help reduce operating expenses and increase net operating income. Conveniently located near South Coast Plaza, world-class shopping, dining, entertainment, and major freeways, this low-maintenance asset presents an outstanding investment opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 3,963 | 2,400 |
| Lot Size | 6,098 | 8,139.5 |
| Price | $1.85M | $1.05M |
| Price per sq ft | $467 | $429 |
| Built year | 1961 | 1952 |
| HOA | $0 | $0 |
| Days on market | 14 | 100 |
Jul 8, 2026
$1,850,000
Initial Listing
Jun 25, 2025
$1,675,000
Public Record
Aug 29, 2024
$1,225,000
Public Record