
Santa Ana, California 92703
This Turnkey Multi-Unit Property is listed at $1,689,000, compared to a $1,588,341 Fair Market Value, a valuation reflecting its Excellent Condition Rating and massive revenue potential. The estate features three distinct dwellings, including a brand-new 2025 JADU and a detached ADU with paid-off solar, currently generating $8,500 in monthly rental income. Situated within the Garden Grove Unified School District near Bolsa Grande High School, the property offers a low-maintenance lifestyle with artificial turf, a private patio, and a 2-car garage. This versatile asset is a perfect match for Owner-Occupants looking to house-hack or Multi-generational Families seeking a modern compound.
Property is new construction or fully renovated.
The property features a brand-new 2025 JADU and extensively renovated main and ADU units. All interiors showcase modern aesthetics with quartz countertops, stainless steel appliances, shaker-style cabinetry, recessed lighting, and contemporary laminate flooring. The bathrooms are updated with modern vanities and custom tile work. With new construction and recent high-end renovations across all three units, the property meets current quality standards with no deferred maintenance.
The property features three separate units generating a robust $8,500 in monthly rental income, providing an immediate high-yield investment or a significant mortgage offset for an owner-occupant.
With a brand-new 2025 JADU, paid-off solar on the ADU, and artificial turf/concrete landscaping, the property is designed for minimal upkeep and reduced utility overhead.
The existing 2-car garage and ample parking offer the potential to convert the space into a fourth unit, providing a clear path for further equity growth and increased cash flow.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2443, other record living area = 1143. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
The presence of only one gas meter and two meters for water and electricity across three units creates administrative complexity for the owner when allocating utility costs to tenants.
Squeezing three dwellings onto a 7,200 SF lot results in a high-density environment with limited private yard space, which may deter buyers seeking a traditional spacious suburban feel.
Welcome to 4721 W. Oakfield Ave, Santa Ana — a rare opportunity featuring three homes on one lot, perfect for multi-generational living or for an owner-occupant to live in one unit and rent out the other two, all at an excellent value under $700 per SF. The property includes a main home of approximately 1,143 SF with 3 bedrooms, 2 bathrooms, plus an office, an attached newly built 2025 JADU of approximately 500 SF with 1 bedroom and 1 bathroom, and a detached ADU of approximately 800 SF featuring 2 bedrooms and 2 bathrooms with paid-off solar. All three units have their own addresses and are thoughtfully separated by fencing for privacy, with each unit still enjoying its own yard. Utilities include 2 water meters, 2 electrical meters, and 1 gas meter. The units are currently generating strong income with rents of $3,600 (main house) + $2,000 (JADU) + $2,900 (ADU) for a total of $8,500 per month, and tenants pay utilities—an ideal setup, especially with the new 2025 construction that helps reduce maintenance for years to come. Outside, you’ll appreciate lots of parking plus a 2-car garage, offering future upside potential to convert into a possible 4th unit if city guidelines allow. The property is designed for easy ownership with artificial turf in the front and concrete throughout for low-maintenance living. Conveniently located near the Euclid & Hazard cross streets, it’s within walking distance to Song Hy Market and The Boiling Crab, just a short drive to Garden Grove Costco, and offers easy access to the 22 Freeway from Euclid, with the added benefit of being near the highly regarded Garden Grove school district.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 94% |
| Baths | 5.0 | 2.0 | 96% |
| Square foot | 2,443 | 1,300 | 94% |
| Lot Size | 7,200 | 6,475 | 66% |
| Price | $1.68M | $837.0K | 98% |
| Price per sq ft | $688 | $665 | 53% |
| Built year | 1956 | 1954 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 174 | 6% |
Apr 9, 2026
$1,680,000
$1,689,000
-1% Price Drop
Initial Listing
Feb 25, 2026
$1,689,000
Initial Listing
Jul 23, 2021
$660,000
Public Record