3510 & 3512 W Pine Street, Santa Ana, California 92704, Santa Ana, 92704 - bed, bath
ACTIVE$899,000
3510 & 3512 W Pine Street, Santa Ana, California 92704
0Bed
0Bath
1,658Sqft
6,098Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY' and a 'Residential Income' property, ideal for savvy buyers seeking rental income.
Top Cons:
Property Age: Built in 1962, suggesting that while some upgrades have occurred, other original systems (e.g., plumbing, electrical) may still be present and could require future maintenance or replacement.
Compared to the nearby listings
Price:$899.0K vs avg $1.05M ($-151,000)27%
Size:1,658 sqft vs avg 2,450 sqft36%
Price/sqft:$542 vs avg $48664%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, this property has undergone 'moderate upgrades' and is receiving a new roof, indicating ongoing maintenance. However, the visible interiors, including laminate and older tile flooring, basic light fixtures, and the presence of window AC units, suggest that major systems and aesthetic elements have not been extensively renovated to modern standards. The description of 'functional kitchen and bathroom' without visual evidence implies they are likely dated but operational. The property is aged but appears maintained and livable, fitting the 'Fair' category which requires minor updates or repairs and features functional but outdated components.
Year Built
1962
Close
-
List price
$899K
Original List price
$890K
Price/Sqft
$542
HOA
-
Days on market
-
Sold On
-
MLS number
PW25130279
Home ConditionFair
Features
View-
About this home
GREAT INVESTMENT OPPORTUNITY TO OWN THIS GREAT SIDE-BY-SIDE DUPLEX ON A 6,098 SQFT. LOT WITH LONG-TERM TENANTS IN PLACE! THE PROPERTY HAS BEEN MODERATELY UPGRADED IN THE PAST YEARS AND A NEW ROOF IS BEING REPLACED. TENANTS IN BOTH UNITS ARE MAKING RENT PAYMENT VIA DIRECT DEPOSIT TO THE OWNER’S ACCOUNTS. EACH UNIT FEATURES 2 BEDROOMS AND 1 BATHROOM, PROVIDES A COMFORTABLE LIVING SPACE AND FUNCTIONAL KITCHEN AND BATHROOM WITH SEPARATE ENTRANCE AND UTILITIES EXCEPT WATER. LOCATED IN A DESIRABLE AREA WITH EASY ACCESS TO AMENITIES AND TRANSPORT, THIS DUPLEX REPRESENTS EXCELLENT VALUE FOR A SAVVY BUYER.
Condition Rating
Fair
Built in 1962, this property has undergone 'moderate upgrades' and is receiving a new roof, indicating ongoing maintenance. However, the visible interiors, including laminate and older tile flooring, basic light fixtures, and the presence of window AC units, suggest that major systems and aesthetic elements have not been extensively renovated to modern standards. The description of 'functional kitchen and bathroom' without visual evidence implies they are likely dated but operational. The property is aged but appears maintained and livable, fitting the 'Fair' category which requires minor updates or repairs and features functional but outdated components.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY' and a 'Residential Income' property, ideal for savvy buyers seeking rental income.
Established Income Stream: Features long-term tenants in place who pay rent via direct deposit, ensuring immediate and stable cash flow for the new owner.
Recent Capital Improvements: A new roof is being replaced, and the property has been moderately upgraded in recent years, reducing immediate capital expenditure for the buyer.
Duplex Configuration: Side-by-side duplex with two 2-bedroom, 1-bathroom units, each with a separate entrance and utilities (except water), offering independent living and efficient management.
Desirable Location: Located in a desirable area of Santa Ana with easy access to amenities and transport, enhancing tenant appeal and potential property appreciation.
Cons
Property Age: Built in 1962, suggesting that while some upgrades have occurred, other original systems (e.g., plumbing, electrical) may still be present and could require future maintenance or replacement.
Shared Water Utility: Utilities are separate 'except water,' which could lead to potential complexities in billing or disputes between tenants regarding water usage.
Vague Upgrade Extent: The description mentions 'moderately upgraded' without specific details, implying that some areas might still be dated or require further investment to fully modernize or maximize rental value.