
Santa Ana, California 92704
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,649,000—positioned well below the $1,650,871 Fair Market Value by 0.11%. Featuring a versatile unit mix and separate utility metering, the property offers a stable foundation for rental growth. While the Condition Rating of 4 indicates a need for cosmetic modernization, the location near South Coast Metro ensures strong tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the "house hack" strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2731 W Orion Avenue Subject 0 bd · 0 ba · 4,345 sqft · $380 | $1,649,000* List Price | 0 | 0 | 4,345 | $380 | - |
A 2601 W Juniper Active 0 bd · 0 ba · 4,347 sqft · $414 · 0.2 mi | $1,799,999 List Price | 0 | 0 | 4,347 | $414 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, this property shows a mix of partial upgrades and deferred maintenance. While the kitchen features newer appliances and painted cabinets, it retains dated tile countertops. The bathroom shows visible signs of wear, including peeling paint and moisture damage on the ceiling, indicating the need for minor repairs and modernization to meet current market standards.
Situated in the highly desirable South Coast Metro area near South Coast Plaza and the 405 Freeway, the property is positioned in a high-demand rental market with strong appreciation potential.
The inclusion of a 3-bedroom, 2-bathroom unit alongside three 2-bedroom units provides excellent versatility for both owner-occupants and investors seeking to maximize rental yields.
Separate gas and electric meters for each unit, combined with individual garage laundry hookups, significantly reduces owner utility expenses and simplifies property management.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6970, other record lot size in square feet = 7228.
Built in 1970, the property may require higher long-term maintenance costs for original plumbing or electrical systems despite recent cosmetic upgrades.
With over 4,300 square feet of living space on a 6,970 square foot lot, there is limited common outdoor space or room for further structural expansion.
Ideally situated in the highly desirable South Coast Metro area, along the border of Santa Ana and Costa Mesa, this upgraded fourplex presents an exceptional investment opportunity with strong income potential and room for future rent growth. The property features an attractive unit mix consisting of one 3-bedroom, 2-bathroom unit and three 2-bedroom units, including two 2-bathroom units and one 1-bathroom unit. The property offers an ideal opportunity for both investors and owner-occupants. Live in the front unit while generating rental income from the remaining three units, or maximize the property's income potential by leasing all four units. Additional features include four private garages—one two-car garage and three one-car garages—as well as separate gas and electric meters for each unit. Each unit also has laundry hookups in its respective garage. A separate common laundry room, currently utilized for maintenance storage, offers the potential to create an additional income stream. Enjoy a convenient location near South Coast Plaza, Metro Pointe Shopping Center, the 405 Freeway, and excellent local schools. With its desirable Covington-style architecture, extensive upgrades, practical amenities, and attractive location, this fourplex offers a compelling combination of rental income, long-term appreciation potential, and future upside through rental growth.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.1 |
| Square foot | 4,345 | 2,241.667 |
| Lot Size | 6,970 | 23,123.25 |
| Price | $1.65M | $972.9K |
| Price per sq ft | $380 | $457 |
| Built year | 1970 | 1957 |
| HOA | $0 | $438 |
| Days on market | 4 | 79 |
Oct 21, 2026
$1,649,000
Initial Listing