408 S Flower Street, Santa Ana, California 92703, Santa Ana, 92703 - 4 bed, 3 bath
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408 S Flower Street
Santa Ana, California 92703
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
1,722Sq Ft
6,750Lot Size
Property Price
LIST PRICE$999,999
EST. MARKET VALUE
$999,999
SUMMARY
This Turn-Key Multi-Unit Property represents a High-Potential Investment Opportunity, listed at a List Price of $999,999, which aligns with its $999,999 Fair Market Value. Featuring a 3-bedroom main home and a separate 1-bedroom ADU, the property offers a versatile "live-in-one, rent-the-other" model. With a Condition Rating of 2, the home boasts high-end renovations including quartz countertops and luxury vinyl flooring. While school ratings are modest, the property’s immediate move-in readiness and income-generating potential make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking supplemental income.
Estimated Market Value
$999,999
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 408 S Flower Street Subject 4 bd · 3 ba · 1,722 sqft · $581 | $999,999* List Price | 4 | 3 | 1,722 | $581 | - |
A 1050 W Chestnut Sold 5 bd · 3 ba · 2,016 sqft · $642 · 0.2 mi | $1,294,000 | 5 | 3 | 2,016 | $642 | 0.2 mi |
B 1112 N Lowell Sold 3 bd · 2 ba · 1,641 sqft · $722 · 0.9 mi | $1,185,000 | 3 | 2 | 1,641 | $722 | 0.9 mi |
C 1055 W Pine Sold 3 bd · 2 ba · 1,100 sqft · $708 · 0.2 mi | $779,000 | 3 | 2 | 1,100 | $708 | 0.2 mi |
D 1050 W Chestnut Sold 0 bd · 0 ba · 2,016 sqft · $642 · 0.2 mi | $1,294,000 | 0 | 0 | 2,016 | $642 | 0.2 mi |
E 1431 Raymar Sold 4 bd · 2 ba · 1,238 sqft · $747 · 0.7 mi | $925,000 | 4 | 2 | 1,238 | $747 | 0.7 mi |
F 614 N Shelton Sold 5 bd · 2 ba · 1,620 sqft · $529 · 0.6 mi | $857,000 | 5 | 2 | 1,620 | $529 | 0.6 mi |
G 1638 W Pine Street Active 4 bd · 2 ba · 1,647 sqft · $637 · 0.8 mi | $1,049,900 List Price | 4 | 2 | 1,647 | $637 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1922, the property has undergone a comprehensive, high-end renovation within the last 5 years. It features a fully modern kitchen with quartz countertops and stainless appliances, luxuriously upgraded bathrooms with large-format tile and LED mirrors, new luxury vinyl flooring, recessed lighting, and modern mini-split HVAC systems, making it a turn-key, mint-condition home.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property features a main home and a separate ADU, providing a versatile 'live in one, rent the other' opportunity that appeals to both investors and multi-generational families.
- Turn-Key Modernization
Extensively remodeled with luxury vinyl flooring, quartz countertops, and designer bathrooms, the home offers a contemporary aesthetic and immediate move-in readiness.
- Flexible Living Space
The ADU includes a dedicated office that can be converted into an additional bedroom, maximizing the utility of the square footage and catering to remote work needs.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With over 500 days on the market and significant price reductions from the original list price, the property may face challenges regarding buyer perception and market positioning.
- Low School Ratings
The assigned public schools have low ratings (ranging from 2 to 4), which could be a significant drawback for families prioritizing high-performing educational districts.
About 408 S Flower Street
Property to be delivered vacant by close of escrow. Beautifully Remodeled Home with a Separate ADU. Rent one and Live in the other. The Main Home has 3 bedrooms, 1 bathroom, and 1148 sq ft living space. Step inside to a turn-key unit with a large open living room to the kitchen area. This open floor plan features the living room, dining, and kitchen all together in one cohesive space. This unit offers brand new luxury vinyl flooring, brand-new paint, and recessed lights throughout. The kitchen is fully modern with white cabinetry, quartz countertops, and stainless-steel appliances. The bedrooms have ample closet space. The bathroom is luxuriously upgraded with large format tile detailed walls, LED light-up mirror, brand new vanity, and shower. Other great features include recessed windows. ADU has 1 bedroom 2 bath with an office that you can put up a wall and make it another room. The back of the lot has a 2-car garage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 6,750 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Lowell Elementary School
Grades K-5 • 0.3 mi
3/10
Pio Pico Elementary School
Grades K-5 • 0.3 mi
4/10
Julia C. Lathrop Intermediate School
Grades 6-8 • 0.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,722 | 1,542.506 |
| Lot Size | 6,750 | 6,744.358 |
| Price | $1000.0K | $1.02M |
| Price per sq ft | $581 | $687 |
| Built year | 1922 | 1958 |
| HOA | $0 | $204 |
| Days on market | 569 | 49 |
Pricing History
Listed for Sale
May 22, 2026
$999,999
$1,049,900
-5% Price Drop
Initial Listing
Price Change
Apr 6, 2026
$1,049,900
$1,069,000
-2% Price Drop
Initial Listing
Price Change
Jan 7, 2026
$1,069,000
$1,099,900
-3% Price Drop
Initial Listing
Price Change
Sep 17, 2025
$1,099,900
$1,150,000
-4% Price Drop
Initial Listing
Price Change
Aug 5, 2025
$1,150,000
Initial Listing
Price Change
Apr 4, 2025
$1,250,000
Initial Listing
Sold
Jun 17, 2019
$450,000
Public Record
Sold
Feb 5, 2019
$405,000
Public Record