4728 W Henderson Pl, Santa Ana, California 92704, Santa Ana, 92704 - 5 bed, 4 bath
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4728 W Henderson Pl
Santa Ana, California 92704
ACTIVE
CONDITION: POOR
5Beds
4Baths
1,600Sq Ft
7,480Lot Size
Property Price
LIST PRICE$975,000
EST. MARKET VALUE
$960,940
SUMMARY
This High-Potential Investment Opportunity is a 4-unit multifamily Asset listed at $975,000, positioned slightly above the $960,940 Fair Market Value. While the property requires capital expenditure due to its Condition Rating of 5 and potential unpermitted conversions, it generates over $5,450 in monthly rental income. The inclusion of a 28-panel solar system and a large 7,480 sqft lot provides significant long-term utility and development upside. This property is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking immediate cash flow in a high-demand rental market.
Estimated Market Value
$960,940
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 |
|---|---|---|---|---|---|---|
★ 4728 W Henderson Pl Subject | $975,000* List Price | 5 | 4 | 1,600 | $601 | - |
A 5336 W Wisteria Sold | $1,125,000 | 5 | 2 | 1,856 | $606 | 0.7 mi |
B 4512 W Watkins Way Sold | $885,000 | 3 | 2 | 1,128 | $785 | 0.3 mi |
C 602 S Deming Sold | $1,245,000 | 4 | 2 | 1,904 | $654 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1954 (70 years old) with no documented renovations to kitchens or baths. The high-density rental configuration of 4 units within only 1,600 sqft suggests significant wear and tear, and the age indicates likely outdated electrical and plumbing systems despite the solar addition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7480, living area = 1600.
- Immediate Cash Flow
The property is a turnkey investment generating over $5,450 in monthly rental income from four separate units, offering an attractive immediate return on investment.
- Strategic Rental Location
Located near Little Saigon and major Orange County hubs with easy access to the 22, 405, and 5 freeways, the property is positioned in a high-demand area for tenants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1600, other record living area = 1124. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
- Zoning and Permitting Risks
The property is listed as a Single Family Residence but configured as four units; this discrepancy, combined with estimated square footage, suggests potential unpermitted conversions.
- Aging Infrastructure
Built in 1954 and featuring digitally enhanced photos, the property likely requires significant capital expenditure for modernization and maintenance of its older systems.
About 4728 W Henderson Pl
Single Family Residence (SFR) Configured with 4 Separate Living Quarters | 5 Bedrooms | 4 Bathrooms | Income Producing Property. Discover an exceptional income producing investment opportunity. This unique Single Family Residence is configured with 4 separate living quarters, offering a total of 5 bedrooms and 4 bathrooms. The flexible layout presents an excellent opportunity for investors or owner occupants seeking multiple living spaces with strong income potential. Ideally located near Phuoc Loc Tho (Asian Garden Mall) and the vibrant Little Saigon business district, this property offers convenient access to South Coast Plaza, Downtown Santa Ana, Downtown Anaheim, Disneyland Resort, schools, parks, shopping, dining, churches, temples, public transportation, and the 22, 405, and 5 Freeways, making it an attractive location for both residents and tenants. Whether you are expanding your real estate portfolio or searching for a versatile property with excellent upside potential, this property offers a rare combination of location, flexibility, and long term value. Property Highlights: Single Family Residence configured with 4 separate living quarters 5 bedrooms and 4 bathrooms Flexible floor plan with multiple living areas Excellent income producing opportunity Strong rental demand in a high demand Orange County market Prime location near Phuoc Loc Tho (Asian Garden Mall) and Little Saigon Convenient access to major shopping, employment centers, entertainment, schools, and freeways Outstanding long term investment potential Additional Information The property is equipped with a leased 28 panel solar system, which the buyer will assume prior to the close of escrow. The current living square footage is estimated and has not been verified by the seller. Buyers are advised to independently verify all property information, including square footage, permits, room count, and configuration, to their own satisfaction. Some listing photos have been digitally enhanced for marketing and presentation purposes. This is a rare opportunity to own a versatile income producing property in one of Orange County's most desirable rental markets. Schedule your private showing today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 7,480 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,600 | 1,531.136 |
| Lot Size | 7,480 | 6,702.356 |
| Price | $975.0K | $1.07M |
| Price per sq ft | $609 | $690 |
| Built year | 1954 | 1958 |
| HOA | $0 | $236 |
| Days on market | 46 | 51 |
Pricing History
Listed for Sale
Jul 25, 2026
$975,000
Initial Listing
Sold
Jun 1, 2009
$336,000
Public Record
Sold
Apr 17, 2009
$249,000
Public Record
Sold
Aug 25, 2005
$595,000
Public Record
Sold
Apr 24, 2002
$250,000
Public Record