508 W Edinger, Santa Ana, California 92707, Santa Ana, 92707 - 0 bed, 0 bath
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Santa Ana, California 92707
Analysis of 508 W Edinger, Santa Ana, California 92707 is currently available with a list price of $1,499,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1939, this property is being sold 'as-is' with the primary value in the land for redevelopment. The listing describes it as a 'contractor's dream' and lacks interior photos, which typically indicates that the kitchens, bathrooms, and major systems are significantly outdated or in disrepair. While currently tenant-occupied, the structures are over 80 years old and the marketing focus on land value suggests the buildings require substantial rehabilitation or demolition to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14375, living area = 3077.
The expansive 14,375+ sqft lot offers a rare opportunity for developers to rebuild and increase density, maximizing the property's value and future income potential.
With four existing cottages currently occupied by tenants, the property provides immediate cash flow to offset holding costs during the planning and permitting phases.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =14375, other record lot size in square feet = 14534. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3077, other record living area = 621.
The property is sold in as-is condition with value primarily in the land, suggesting that the 1939 structures may require demolition or substantial capital investment.
Full tenant occupancy can complicate the redevelopment process, potentially leading to challenges with relocation, property inspections, and construction timelines.
GREAT FRONTAGE APPEAL PROPERTY. 4 COTTAGES SINGLE FAMILY HOME IN 1 LOT. OVER 14300+ SQFT LOT SIZE. HIGH PROTENTIAL TO REBUILD TO GAIN MORE UNITS AND INCOMES. FACING THE EDINGER STREET FRONT ROW. MUST SEE !! 4 ADDRESS : 504, 506, 508 EDINGER W, SANTA ANA AND 1508 ROSS STREET S. SANTA ANA. ALL ARE TENANTS OCCUPIED NOW. VALUE IN LAND. SOLD AS IS. IT IS CONTRACTOR'S DREAM. TEXT FOR APPOINTMENTS.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.5 mi
Grades K-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 6% |
| Baths | 0.0 | 2.0 | 6% |
| Square foot | 3,077 | 1,348.5 | 94% |
| Lot Size | 14,375 | 6,382 | 97% |
| Price | $1.50M | $881.0K | 94% |
| Price per sq ft | $487 | $704 | 6% |
| Built year | 1939 | 1952 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 173 | 3% |
Mar 31, 2026
$1,499,000
Initial Listing
Dec 28, 2009
$695,000
Public Record