308 S Laurel Street, Santa Ana, California 92704, Santa Ana, 92704 - bed, bath
308 S Laurel Street
Santa Ana, California 92704
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- New Construction & Recent Remodels
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.
- Individual Utility Metering
All tenants are responsible for their own gas and electricity, with individual meters, significantly reducing landlord operating expenses and simplifying property management.
- Modern Amenities & High-Quality Finishes
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.
CONSRISKS & DEFICIENCIES
- Significant Price Appreciation
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.
- Generic Subdivision Name
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.
- Lack of Specific Outdoor Amenities
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.
About 308 S Laurel Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 6,524 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 3% |
| Baths | - | 2.0 | 3% |
| Square foot | 3,404 | 1,425 | 95% |
| Lot Size | 6,524 | 6,050 | 80% |
| Price | $1.90M | $940.0K | 97% |
| Price per sq ft | $558 | $649 | 27% |
| Built year | 2024 | 1963 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 128 | 170 | 33% |
Pricing History
Listed for Sale
Oct 30, 2025
$1,900,000
Initial Listing
Sold
Jun 15, 2023
$895,000
Public Record