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2738 W Keller, Santa Ana, California 92704, Santa Ana, 92704 - bed, bath

2738 W Keller, Santa Ana, California 92704 home-pic-0
ACTIVE$1,645,000
2738 W Keller, Santa Ana, California 92704
0Bed
0Bath
4,366Sqft
7,405Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Situated in the highly desirable South Coast Metro area, near South Coast Plaza, Metro Pointe Shopping Center, top-rated schools, and with excellent freeway access (405), ensuring strong tenant demand and potential for appreciation.
Top Cons:
Property Age: Built in 1969, the property may require ongoing capital expenditures for maintenance, repairs, or upgrades to older systems (e.g., plumbing, electrical, HVAC) to remain competitive and avoid deferred maintenance issues.

Compared to the nearby listings

Price:$1.65M vs avg $1.50M (+$140,000)64%
Size:4,366 sqft vs avg 3,150 sqft55%
Price/sqft:$377 vs avg $38445%

More Insights

Built in 1969 (56 years old).
Condition: Built in 1969, this property shows a mix of updates and dated features. While some areas like the bathroom vanity, shower tile, and bedroom flooring appear to have been updated, the bathroom light fixture is clearly outdated. The absence of kitchen images, combined with the property's age and the listing's 'potential for interior updates' weakness, suggests that kitchens and other areas may be dated. The property is functional and maintained, but requires minor updates to bring it to modern standards.
Year Built
1969
Close
-
List price
$1.65M
Original List price
$1.68M
Price/Sqft
$377
HOA
-
Days on market
-
Sold On
-
MLS number
OC25251189
Home ConditionFair
Features
Patio
View-

About this home

Exceptional South Coast Metro 4-Plex in a prime location! This well-located and highly desirable Covington 4-Plex is situated in a sought-after rental neighborhood near South Coast Plaza and directly across the street from Calvary Chapel, a strong draw for tenants. Located in one of the best 4-Plex tracts in Orange County near Fairview and Sunflower in Santa Ana, it’s within walking distance of South Coast Plaza and offers close access to the 405 freeway. The property features a spacious single-story 3-bedroom, 2-bathroom main unit with a double-car garage, a cozy fireplace, and no unit above. Additionally, there are two large 2-bedroom, 2-bathroom units (stacked) and a 2-bedroom, 1-bathroom unit above the garages. Each unit has its own garage, laundry hookups, and private patio or balcony, with the added convenience of a single-loaded alley offering garages on one side only. This prime property is also near Metro Pointe Shopping Center and top-rated schools. All units are currently occupied with good-paying tenants, making this a turn-key investment opportunity in an unbeatable location. Act quickly—this one won’t last!

Price History

Date
Event
Price
02/16/22
Sold
$1,670,000
Condition Rating
Fair
Built in 1969, this property shows a mix of updates and dated features. While some areas like the bathroom vanity, shower tile, and bedroom flooring appear to have been updated, the bathroom light fixture is clearly outdated. The absence of kitchen images, combined with the property's age and the listing's 'potential for interior updates' weakness, suggests that kitchens and other areas may be dated. The property is functional and maintained, but requires minor updates to bring it to modern standards.
Pros & Cons

Pros

Prime Location: Situated in the highly desirable South Coast Metro area, near South Coast Plaza, Metro Pointe Shopping Center, top-rated schools, and with excellent freeway access (405), ensuring strong tenant demand and potential for appreciation.
Turn-Key Investment: All four units are currently occupied by good-paying tenants, providing immediate and stable cash flow for a new investor without the need for initial lease-up.
Desirable Unit Mix & Amenities: Features a spacious 3-bed/2-bath main unit, two large 2-bed/2-bath units, and a 2-bed/1-bath unit. Each unit benefits from its own garage, laundry hookups, and private patio or balcony, enhancing tenant appeal and retention.
Strong Tenant Draw: The property's direct proximity across the street from Calvary Chapel acts as a significant draw for potential tenants, contributing to consistent occupancy rates.
Individual Garages & Privacy: Each unit having its own garage, coupled with a single-loaded alley design, offers tenants enhanced privacy and convenience, a highly sought-after feature in multi-family properties.

Cons

Property Age: Built in 1969, the property may require ongoing capital expenditures for maintenance, repairs, or upgrades to older systems (e.g., plumbing, electrical, HVAC) to remain competitive and avoid deferred maintenance issues.
Price History Trend: The current list price of $1.645M is a reduction from the original list price of $1.675M and slightly below the previous sale price of $1.67M in 2022, which could indicate a softening market or that the property is not appreciating as quickly as some other assets.
Potential for Interior Updates: While the location and amenities are strong, the description does not detail recent interior renovations across all units, suggesting that some units may be dated and could require investment to maximize rental income or attract premium tenants.

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