608 E Central Avenue, Santa Ana, California 92707, Santa Ana, 92707 - 5 bed, 3 bath
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Santa Ana, California 92707
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,179,000—positioned above the $1,123,491 Fair Market Value. While the property requires capital expenditure due to its Condition Rating of 4, it offers significant utility efficiency through separately metered gas and electricity and ample parking on a 7,405 sqft lot. The existing tenant-occupied units provide immediate cash flow, making this a stable asset for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through rental income in a central Santa Ana location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 608 E Central Avenue Subject | $1,179,000* List Price | 5 | 3 | 2,496 | $450 | - |
A 2114 Orange Avenue Sold | $1,155,000 | 6 | 3 | 2,400 | $481 | 0.5 mi |
B 1911 Cypress Sold | $1,185,000 | 7 | 3 | 2,887 | $410 | 0.8 mi |
C 2114 Orange Sold | $1,155,000 | 0 | 0 | 2,400 | $481 | 0.5 mi |
D 1911 Cypress Sold | $1,185,000 | 0 | 0 | 2,887 | $410 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this triplex is functional and income-producing but shows significant signs of age. The kitchen and interiors are dated with older cabinetry and wall heaters, and the exterior asphalt parking area shows cracking and weed growth indicating deferred maintenance. It requires cosmetic updates and system modernizations to move beyond its current dated state.
The property features separate meters for gas and electricity for each of the three units, significantly reducing owner operating expenses and simplifying tenant billing.
With a mix of one and two-bedroom units and existing tenant occupancy, this triplex offers immediate cash flow for investors or a mortgage-offsetting opportunity for owner-occupants.
The generous 7,405 sqft lot provides enclosed garages for two units and additional off-street parking, a premium and highly sought-after feature in the Santa Ana rental market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7341.
The property is zoned for schools with lower performance ratings (ranging from 2 to 4), which may limit appeal for families and impact long-term appreciation potential.
Built in 1965, the property may require more frequent maintenance or capital expenditures for aging systems and structural components compared to more modern multi-family assets.
Excellent investment opportunity in Santa Ana! This income-producing triplex offers three separate units on a large lot with ample parking and strong rental potential. Unit A, the front downstairs unit, features a spacious 1-bedroom, 1-bath floor plan. Unit B, located upstairs, offers 2 bedrooms and 1 bathroom. Unit C, the rear unit, also features 2 bedrooms and 1 bathroom. Each unit is separately metered for gas and electricity, providing convenience for both owners and tenants. Units B and C each include an enclosed garage. The property is currently tenant-occupied, generating monthly rental income. Situated on a generous lot, this property is within walking distance to parks, schools, churches, shopping, restaurants, and other local amenities. Conveniently located near the 55 and 405 freeways, this is an excellent opportunity for investors seeking steady cash flow or owner-occupants looking to live in one unit while generating rental income from the others. Don't miss this chance to own a versatile multi-unit property in a desirable Santa Ana location.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,496 | 2,400 |
| Lot Size | 7,405 | 8,139.5 |
| Price | $1.18M | $1.05M |
| Price per sq ft | $472 | $429 |
| Built year | 1965 | 1952 |
| HOA | $0 | $0 |
| Days on market | 28 | 100 |
Jun 24, 2026
$1,179,000
Initial Listing
Apr 3, 2014
$525,000
Public Record
Jun 6, 2013
$405,000
Public Record