405 W Mcfadden, Santa Ana, California 92707, Santa Ana, 92707 - 3 bed, 2 bath
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Santa Ana, California 92707
This property presents a High-Potential Investment Opportunity with a List Price of $799,900—positioned well below the $802,737 Fair Market Value by 0.35%. Featuring a Fair Condition Rating, this 1922 cottage requires a comprehensive renovation, yet the oversized 8,260 sqft lot offers significant upside for ADU development or expansion. With its central Santa Ana location and historic character, this asset is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to maximize long-term value through structural and cosmetic upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 405 W Mcfadden Subject | $799,900* List Price | 3 | 2 | 1,332 | $603 | - |
A 1445 Cypress Sold | $670,000 | 3 | 2 | 1,237 | $542 | 0.4 mi |
B 1265 Halladay Sold | $820,000 | 3 | 2 | 1,071 | $766 | 0.3 mi |
C 1510 S Woodland Place Sold | $825,000 | 3 | 2 | 1,620 | $509 | 0.9 mi |
D 1225 S Birch Street Pending | $899,900 List Price | 3 | 1 | 1,380 | $652 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922, this 100+ year old property is marketed as an 'investor opportunity' with 'potential,' signaling a need for a total rehab. Exterior photos show peeling paint, cracked concrete, and aged windows, suggesting that the kitchen, baths, and major systems are likely original or significantly past their useful life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8260, living area = 1332.
The oversized 8,260 sqft lot provides significant opportunity for expansion or the addition of an Accessory Dwelling Unit (ADU), maximizing the property's long-term investment value.
Built in 1922, this cottage offers unique architectural charm and historic appeal that distinguishes it from modern tract housing in the Santa Ana market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8260, other record lot size in square feet = 7750. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1332, other record living area = 1380.
Given the home's 1922 construction, buyers should anticipate the need for potential upgrades to major systems and structural elements to meet modern living standards.
The property is noted as having no views, which may limit its appeal to buyers prioritizing aesthetic surroundings or natural vistas.
Step into the charm of this historic Santa Ana cottage, where character, opportunity, and potential come together. Situated on an oversized lot, this property offers endless possibilities—whether you're dreaming of adding an ADU, expanding the existing home, or simply enjoying the rare outdoor space. Located in the heart of Santa Ana, you'll love the convenience of nearby shopping, dining, schools, and entertainment. A fantastic opportunity for homeowners, investors, or anyone looking to create something special. Homes with this much potential at this price don't come along often—don't miss your chance!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,332 | 1,505 |
| Lot Size | 8,260 | 6,834.5 |
| Price | $799.9K | $1.05M |
| Price per sq ft | $601 | $672 |
| Built year | 1922 | 1957 |
| HOA | $0 | $215 |
| Days on market | 9 | 50 |
Jul 13, 2026
$799,900
Initial Listing
Jan 3, 1997
$136,500
Public Record