401 Nobel Avenue, Santa Ana, California 92707, Santa Ana, 92707 - 0 bed, 0 bath
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Santa Ana, California 92707
This fully-occupied quadruplex represents a High-Potential Investment Opportunity, listed at $1,750,000—positioned above the $1,673,879 Fair Market Value. While priced at a premium, the asset offers immediate, stable cash flow with long-term tenants and a Condition Rating of 3, supported by a roof replaced within the last five years. Located in the high-demand South Coast Metro area, this turnkey quadruplex provides excellent freeway access and proximity to major employment hubs. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a low-maintenance, income-generating asset.
Property is move-in ready.
Although built in 1969, the property is described as turnkey and well-maintained with a roof replaced within the last 5 years. The exterior shows updated windows and the fully-occupied status indicates functional systems and move-in ready interiors suitable for an investment hold.
Situated in the highly desirable South Coast Metro area, the property is less than a mile from South Coast Plaza and offers excellent freeway access, ensuring high tenant demand and long-term appreciation.
This turnkey quadruplex is fully occupied with long-term tenants, providing immediate rental income and eliminating the initial risk and expense of unit lease-up for a new investor.
With a roof replaced within the last five years and tenants responsible for their own electricity and gas, the property offers a lower-maintenance profile with minimized utility overhead.
The assigned elementary and intermediate schools carry low ratings (2 and 3 respectively), which may limit the property's appeal to families and impact future resale value.
The 'drive-by only' restriction and requirement not to disturb tenants complicates the initial inspection process, potentially hiding interior deferred maintenance until an offer is accepted.
Turnkey, fully-occupied 4-unit investment in South Coast Metro/Santa Ana. Long-term tenants in place — immediate cash flow, no lease-up risk. Unit mix: one 3BR/2BA + two 2BR/2BA + one 1BR/1BA, each with private garage parking plus ample street parking. Tenants pay electricity & gas; owner pays water & trash only. Roof replaced within the last 5 years. Minutes to the 405 & 55 freeways, less than 1 mile to South Coast Plaza, less than 2 miles to airport. A rare, low-maintenance hold in one of OC's most in-demand infill submarkets. DRIVE BY ONLY. Please DO NOT disturb tenants.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 4,213 | 2,400 |
| Lot Size | 7,385 | 8,139.5 |
| Price | $1.75M | $1.05M |
| Price per sq ft | $415 | $429 |
| Built year | 1969 | 1952 |
| HOA | $0 | $0 |
| Days on market | 28 | 100 |
Jun 24, 2026
$1,750,000
Initial Listing
Nov 16, 2021
$1,710,000
Public Record
Jun 27, 1996
$320,000
Public Record