
Santa Ana, California 92701
This High-Potential Investment Opportunity is a fully remodeled duplex listed at $899,000, positioned above the $821,652 Fair Market Value. While priced at a premium, the property features a Condition Rating of 2, offering a turnkey asset with brand-new luxury vinyl flooring, mini-split HVAC, and new appliances. The inclusion of approved ADU plans for the garage provides a clear path to increased cash flow. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stabilized, income-producing asset in Santa Ana.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 401 S Garnsey Street Subject | $849,000* List Price | 0 | 0 | 1,040 | $756 | - |
A 604 S Van Ness Avenue Active | $799,000 List Price | 0 | 0 | 1,296 | $617 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a fully remodeled turnkey duplex with a recent comprehensive renovation (under 5 years). It features brand-new luxury vinyl flooring, new kitchen cabinetry and appliances, new dual-pane windows, fresh stucco/paint, and energy-efficient mini-split HVAC systems, requiring no immediate maintenance.
The property is fully remodeled and delivered vacant, featuring high-end finishes like luxury vinyl flooring and new mini-split AC systems, allowing for immediate market-rate leasing without additional capital expenditure.
Includes fully approved plans to convert the existing garage into a 406-square-foot ADU, providing a clear path to transform the duplex into a high-yield three-unit income property.
Extensive renovations include brand-new dual-pane windows, new stucco, and updated kitchens with new appliances, ensuring lower maintenance costs and improved energy efficiency for the owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 3230.
With units averaging only 520 square feet and a modest 3,049-square-foot lot, the property may face challenges attracting long-term tenants seeking more spacious accommodations or outdoor areas.
The assigned public schools carry low ratings (ranging from 2 to 4), which could limit the tenant pool to those without school-aged children and potentially impact long-term appreciation.
Exceptional Investment Opportunity in the Heart of Santa Ana – Fully Remodeled Vacant Duplex with Approved ADU Plans! Welcome to this beautifully renovated and completely vacant duplex in the heart of Santa Ana, offering an incredible opportunity for investors and owner-occupants alike. This turnkey property features two fully remodeled units, each offering approximately 520 square feet of living space with 1 bedroom, 1 bathroom, a full kitchen, and a dedicated laundry area. No expense was spared in the renovations. Both units showcase brand-new luxury vinyl flooring, stylish tile flooring in the bathrooms, brand-new kitchen cabinetry, new appliances including refrigerators, fresh interior and exterior paint, all-new stucco work, brand-new dual-pane windows, and energy-efficient mini-split air conditioning systems. Every detail has been thoughtfully completed, making these units move-in ready and positioned to command top market rents immediately. The opportunity doesn't stop there. The property comes with fully approved plans to convert the existing garage into an approximately 406-square-foot, 1-bedroom, 1-bathroom ADU. Once completed, this will transform the property into a highly desirable three-unit income-producing asset with significant upside potential and increased cash flow. Located in a prime Santa Ana location close to shopping, dining, schools, and major freeways, this is a rare chance to acquire a turnkey multi-family property with built-in expansion potential and immediate income opportunities.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.5 |
| Square foot | 1,040 | 2,400 |
| Lot Size | 3,049 | 8,139.5 |
| Price | $849.0K | $1.05M |
| Price per sq ft | $816 | $429 |
| Built year | 1923 | 1952 |
| HOA | $0 | $0 |
| Days on market | 33 | 100 |
Jul 7, 2026
$849,000
$899,000
-6% Price Drop
Initial Listing
Jun 19, 2026
$899,000
Initial Listing
May 1, 2025
$605,000
Public Record