308 S Laurel Street, Santa Ana, California 92704, Santa Ana, 92704 - 0 bed, 0 bath
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Santa Ana, California 92704
Analysis of 308 S Laurel Street, Santa Ana, California 92704 is currently available with a list price of $1,900,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property features a brand-new ADU completed in 2024 and three additional units fully remodeled in 2023. All units boast modern cabinets, quartz countertops, new stainless steel appliances, wood-look flooring, recessed lighting, and A/C systems. The kitchens and bathrooms are contemporary and appear virtually new, meeting the highest quality standards with no visible deferred maintenance.
Unit 1 is a brand-new ADU completed in 2024, and the remaining three units were fully remodeled in 2023, ensuring modern living spaces and minimal immediate capital expenditure for the owner.
All tenants are responsible for their own gas and electricity, with individual meters, significantly reducing landlord operating expenses and simplifying property management.
All units boast central A/C, modern cabinets, quartz countertops, high-quality appliances, wood flooring, recessed lighting, and in-unit washer/dryer hookups, appealing to a broad tenant base.
The property's current list price of $1.9 million represents a substantial increase from its June 2023 sale price of $895,000, which, while reflecting improvements, may warrant close scrutiny of market value and cap rate projections.
The 'Other' subdivision name does not convey a specific neighborhood identity or established community branding, which could be a minor marketing challenge despite the desirable Santa Ana location.
The description does not highlight any specific common outdoor amenities or recreational spaces, which could be a drawback for tenants seeking shared yard access or dedicated outdoor living areas.
Welcome to 308 Laurel Apartments, a 4-unit multifamily investment property nestled in the highly desirable neighborhood of Santa Ana. Brand New Construction UNIT 1: What sets this property apart is the addition of a brand-new ADU completed in 2024; offering 2 bed/2 bath 800 SF With an open floor plan, central A/C, modern cabinets, quartz countertops, high-quality appliances, wood flooring, recessed lighting, and washer & dryer hookups. Fully Remodeled UNITS 2-4: 3 units; each offering 2 bed/1 bath, 868 SF each. These units have been fully remodeled in 2023, modern design elements and loaded with all-new upgrades. There are 3 units with 1-car garage, and 4 driveway parking spots providing convenience for residents. Featuring in-unit washer and dryer hookups, A/C, modern cabinets, quartz countertops, high-quality appliances, wood flooring, recessed lighting. All tenants pay for their own utilities; with gas and electricity having individual meters, ensuring hassle-free maintenance and management. Perfect 1031-exchange opportunity, a homeowner looking for additional rental income, or investors.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 3,404 | 1,466 | 95% |
| Lot Size | 6,524 | 6,100 | 72% |
| Price | $1.90M | $970.0K | 97% |
| Price per sq ft | $558 | $666 | 25% |
| Built year | 2024 | 1963 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 174 | 154 | 63% |
Oct 30, 2025
$1,900,000
Initial Listing
Jun 15, 2023
$895,000
Public Record