3711 W Camille Street, Santa Ana, California 92704, Santa Ana, 92704 - bed, bath

3711 W Camille Street, Santa Ana, California 92704 home-pic-0
ACTIVE$2,300,000
3711 W Camille Street, Santa Ana, California 92704
0Bed
0Bath
6,752Sqft
13,939Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Accessibility: Situated in the sought-after Santa Anita neighborhood, offering excellent proximity to major demand drivers like Santa Ana College, South Coast Plaza, and Willowick Golf Course, with convenient access to I-405 and CA-22.
Top Cons:
High Gross Rent Multiplier (GRM): The current GRM of 16.15 indicates a premium valuation relative to the property's existing gross income, which may result in a lower initial cash-on-cash return for investors.

Compared to the nearby listings

Price:$2.30M vs avg $1.50M (+$795,000)91%
Size:6,752 sqft vs avg 3,150 sqft91%
Price/sqft:$341 vs avg $38427%

More Insights

Built in 1990 (35 years old).
Condition: The property was built in 1990, making it 34 years old. While the listing mentions recent capital improvements like a new roof on one building, new water heaters, and updated flooring, the provided kitchen image reveals a significantly outdated space. The kitchen features original-style wood cabinets, dated white appliances, a brick-patterned backsplash, laminate countertops, and old tile flooring, along with an outdated fluorescent light fixture. This indicates that while some systems may be updated, the aesthetic components, particularly the kitchen, are not. The description also explicitly states 'potential for rental upside through strategic renovations and repositioning,' which confirms that the current unit conditions are not optimized for top-market rents. The property is functional but requires substantial cosmetic updates, especially in the kitchen, to meet modern standards, aligning with the 'Fair' condition criteria.
Year Built
1990
Close
-
List price
$2.3M
Original List price
$2.4M
Price/Sqft
$341
HOA
-
Days on market
-
Sold On
-
MLS number
OC25113189
Home ConditionFair
Features
View-

About this home

3711 West Camille Street, a rare and highly desirable 4-unit multifamily investment opportunity located in the sought-after Santa Anita neighborhood of Santa Ana, California. Built in 1990, the property consists entirely of (4) spacious three-bedroom townhome-style units, each approximately 1,688 square feet. These well-designed units offer features typically found in single-fam¬ily homes, including private dual-car garages, additional open parking, in-unit washer/dryer hookups, gated entry, and private patios or balconies. Each unit also includes a generous loft space, providing additional living flexibility and enhancing tenant appeal. All units are individually metered for elec¬tricity, water, and gas and include central HVAC systems and individual water heaters, reducing utility costs and simplifying property management. The property currently generates $142,380 in gross annual income, or $11,865 per month, with a current Gross Rent Multiplier (GRM) of 16.15 and clear potential for rental upside through strategic renovations and repositioning. Recent capital improvements include a new roof on one of the two buildings for Camille (2023), two new water heaters, and updated flooring, reflecting continued investment and pride of ownership. Ideally located less than 1.3 miles from Willowick Golf Course, 2.4 miles from Santa Ana College, and under 5 miles from South Coast Plaza, the property appeals to a broad tenant base, including families, professionals, and students. Its proximity to major transportation corridors, including I-405 and CA-22, offers convenient access to key employment centers throughout Orange and Los Angeles Counties. Combining strong in-place income, modern amenities, and a premium location, 3711 West Camille Street represents a compelling opportunity for investors seeking both current cash flow and long-term growth.

Condition Rating
Fair

The property was built in 1990, making it 34 years old. While the listing mentions recent capital improvements like a new roof on one building, new water heaters, and updated flooring, the provided kitchen image reveals a significantly outdated space. The kitchen features original-style wood cabinets, dated white appliances, a brick-patterned backsplash, laminate countertops, and old tile flooring, along with an outdated fluorescent light fixture. This indicates that while some systems may be updated, the aesthetic components, particularly the kitchen, are not. The description also explicitly states 'potential for rental upside through strategic renovations and repositioning,' which confirms that the current unit conditions are not optimized for top-market rents. The property is functional but requires substantial cosmetic updates, especially in the kitchen, to meet modern standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Location & Accessibility: Situated in the sought-after Santa Anita neighborhood, offering excellent proximity to major demand drivers like Santa Ana College, South Coast Plaza, and Willowick Golf Course, with convenient access to I-405 and CA-22.
Desirable Unit Configuration: Features four spacious 3-bedroom, 1,688 sqft townhome-style units, each boasting single-family home amenities such as private dual-car garages, in-unit laundry hookups, private outdoor spaces, and flexible loft areas.
Operational Efficiency: All units are individually metered for electricity, water, and gas, and include central HVAC and individual water heaters, significantly reducing owner operating expenses and simplifying property management.
Investment Upside Potential: Generates strong in-place income with a clear opportunity for substantial rental upside through strategic renovations and repositioning, appealing to investors seeking both current cash flow and long-term appreciation.
Modern Construction & Recent Upgrades: Built in 1990, the property benefits from relatively modern construction and recent capital improvements, including a new roof on one building, new water heaters, and updated flooring.

Cons

High Gross Rent Multiplier (GRM): The current GRM of 16.15 indicates a premium valuation relative to the property's existing gross income, which may result in a lower initial cash-on-cash return for investors.
Partial Roof Update: Only one of the two buildings received a new roof in 2023, suggesting the other building's roof may be older and could necessitate future capital expenditure for replacement.
Required Capital for Optimization: Realizing the stated 'rental upside' will require additional investment in strategic renovations and repositioning, implying that current unit conditions may not be fully optimized for top-market rents.

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