530 S Broadway, Santa Ana, California 92701, Santa Ana, 92701 - bed, bath

530 S Broadway, Santa Ana, California 92701 home-pic-0
ACTIVE$1,449,000
530 S Broadway, Santa Ana, California 92701
0Bed
0Bath
2,350Sqft
9,148Lot
Year Built
1920
Close
-
List price
$1.45M
Original List price
$1.48M
Price/Sqft
$617
HOA
-
Days on market
-
Sold On
-
MLS number
PW25095633
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.45M(86th), sqft - 2350(50th), beds - undefined(50th), baths - undefined(50th).

Step into a rare investment opportunity or multi-generational home in the heart of the highly coveted Heninger Park! This well-maintained triplex is a gem for savvy investors or owner-occupants looking to enjoy the comforts of the primary home while benefiting from rental income. The spacious 3-bedroom, 2-bathroom main residence —approximately 1,300 sq. ft.—has been beautifully remodeled, boasting new flooring and a fully fenced front yard that adds both charm and privacy. Inside, you'll find generously sized bedrooms, a gourmet kitchen, and stylish bathrooms featuring granite countertops and stainless steel appliances. A dedicated laundry room ensures convenience, while the home’s historic charm ties together the perfect blend of classic and modern touches. At the rear, two 1-bedroom, 1-bathroom units offer private entrances, separate electric and gas meters, and excellent rental potential with reliable, long-term tenants already in place. Nestled in a prime location, this property sits close to public schools, transportation, and local amenities, ensuring effortless convenience for residents. Whether you're looking to expand your investment portfolio or settle into a home with built-in financial benefits, this triplex is a golden opportunity not to be missed!

Nearby schools

3/10
Lowell Elementary School
Public,K-50.4mi
4/10
Pio Pico Elementary School
Public,K-50.5mi
3/10
Martin R. Heninger Elementary School
Public,K-80.3mi
2/10
Julia C. Lathrop Intermediate School
Public,6-80.4mi
2/10
Willard Intermediate School
Public,5-81.2mi
3/10
Santa Ana High School
Public,9-120.4mi
Condition Rating
Good

The main residence has been beautifully remodeled with new flooring, a gourmet kitchen featuring granite countertops and stainless steel appliances, and stylish bathrooms with modern fixtures, all appearing in excellent, move-in ready condition. The property is described as a 'well-maintained triplex.' However, the building was constructed in 1920, making it over a century old. While the main unit's visible components are extensively updated, the age of the underlying infrastructure for the entire triplex and the unspecified condition of the two rental units prevent an 'Excellent' overall rating. The property is functional and well-maintained, aligning with a 'Good' condition score.
Pros & Cons

Pros

Income-Generating Triplex: The property is a well-maintained triplex with two 1-bedroom units already occupied by reliable, long-term tenants, providing immediate rental income potential for investors or owner-occupants.
Remodeled Main Residence: The spacious 3-bedroom, 2-bathroom main home has been beautifully remodeled with new flooring, a gourmet kitchen (granite countertops, stainless steel appliances), stylish bathrooms, and a fenced front yard, offering modern comfort.
Prime Location: Situated in the highly coveted Heninger Park, close to public schools, transportation, and local amenities, enhancing convenience for residents and overall property desirability.
Separate Utilities for Rental Units: The two rental units feature private entrances and separate electric and gas meters, simplifying utility management and tenant responsibility for landlords.
Historic Charm with Modern Updates: The main residence blends historic charm with modern amenities, appealing to buyers who appreciate character alongside contemporary comforts.

Cons

Age of Property: Built in 1920, the property is over a century old, which may lead to potential issues with original infrastructure (e.g., plumbing, electrical, foundation) not covered by recent remodels, potentially incurring future maintenance costs.
Unspecified Condition of Rental Units: While the main residence is remodeled, the description lacks details on the condition or recent updates of the two 1-bedroom rental units, suggesting they might not be as modern or well-maintained, potentially requiring future investment.
No Views: The property description explicitly states 'View: None,' which could be a drawback for buyers prioritizing scenic outlooks or views.

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