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407 E Pine Street, Santa Ana, California 92701, Santa Ana, 92701 - bed, bath

407 E Pine Street, Santa Ana, California 92701 home-pic-0
ACTIVE$699,000
407 E Pine Street, Santa Ana, California 92701
0Bed
0Bath
1,565Sqft
7,083Lot
Year Built
1900
Close
-
List price
$699K
Original List price
$795K
Price/Sqft
$447
HOA
-
Days on market
-
Sold On
-
MLS number
NP25022294
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $699.0K(14th), sqft - 1565(43th), beds - undefined(50th), baths - undefined(50th).

NEW PRICE! **Investment Opportunity in Santa Ana!** This fixer is on an R-2 lot and presents an incredible opportunity to develop or improve the existing income producing property in the rapidly growing area of Santa Ana. *City-approved ADU and remodel plans* are already in place and included in the listing price, saving the future buyer significant time and effort. Location Highlights: Just minutes from vibrant **4th Street** with trendy gastropubs like Chapter One, Hidden House coffee, The 4th Street Market, Yost and Frida theaters are within s short stroll, as well as the Historic District of Santa Ana! You'll enjoy quick access to the 5 FWY and 55 FWY for easy commutes to the beach cities! Additionally, the property is less than 1 mile to the Orange County School of the Arts, the Civic Center and more! The current plans feature: A remodeled to the current front unit which adds a bedroom and bath/laundry room which will create a 3 bedroom, 2-bathroom front house, and a new 2-bedroom, 1-bathroom ADU situated between the front home and the alley building. With the area's continued growth, this property offers excellent potential for both investment and future value appreciation- Whether you're a developer, investor, or homeowner looking for a project! Cash or Construction/remodel/ non-QM loan will be necessary.

Nearby schools

4/10
Theodore Roosevelt Elementary School
Public,•K-5•0.3mi
3/10
Martin R. Heninger Elementary School
Public,•K-8•0.5mi
3/10
Raymond A. Villa Fundamental Intermediate School
Public,•6-8•0.8mi
2/10
Julia C. Lathrop Intermediate School
Public,•6-8•0.8mi
2/10
Willard Intermediate School
Public,•5-8•1.1mi
3/10
Century High School
Public,•9-12•1.2mi
Condition Rating
Poor
This property, built in 1900, is explicitly described as a 'fixer' requiring 'extensive renovation.' The images confirm this, showing extremely outdated and dilapidated conditions throughout, particularly in the kitchen and bathrooms. The kitchen features very old, basic cabinetry, countertops, and appliances that are likely non-functional or unsafe by modern standards. The bathrooms are similarly aged with original-looking fixtures and finishes. The overall interior has old carpets and dated elements, while the exterior shows neglect with peeling paint and overgrown landscaping. The need for 'Cash or Construction/remodel/ non-QM loan' further underscores the property's poor condition, indicating it requires substantial repairs and rehabilitation to be livable and meet current standards. While there are city-approved remodel plans, the current state is far from habitable and requires a complete overhaul.
Pros & Cons

Pros

City-Approved Development Plans: The property comes with city-approved ADU and remodel plans already in place, saving significant time, effort, and cost for the future buyer and de-risking the development process.
Prime & Growing Urban Location: Strategically located minutes from vibrant 4th Street, the Historic District, Orange County School of the Arts, and Civic Center, offering excellent walkability, amenities, and quick access to 5 FWY and 55 FWY in a rapidly growing area.
Significant Income & Value-Add Potential: Zoned R-2 with approved plans to expand the existing income-producing property to a 3-bedroom, 2-bathroom front unit and a new 2-bedroom, 1-bathroom ADU, maximizing rental income and future appreciation.
Investment-Grade Opportunity: Explicitly marketed as an 'Investment Opportunity' with 'excellent potential for both investment and future value appreciation' in a dynamic market, appealing to developers, investors, and project-oriented homeowners.
Generous Lot Size: The substantial 7,083 sqft lot provides ample space for the planned expansion and potential outdoor amenities, enhancing the property's overall utility and appeal.

Cons

Extensive Renovation Required: The property is described as a 'fixer,' indicating it requires significant capital investment and effort for renovation, which may deter buyers seeking move-in ready homes.
Limited Financing Options: The necessity for 'Cash or Construction/remodel/ non-QM loan' restricts the pool of potential buyers, as traditional financing may not be available for a property in this condition.
Age of Structure: Built in 1900, the existing structure is very old, suggesting potential for outdated systems, unforeseen repair costs, and compliance challenges during renovation.

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