701 E Chestnut, Santa Ana, California 92701, Santa Ana, 92701 - 0 bed, 0 bath
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701 E Chestnut
Santa Ana, California 92701
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,266Sq Ft
5,972Lot Size
Property Price
LIST PRICE$1,590,000
EST. MARKET VALUE
$1,629,796
SUMMARY
This Prime Investment Opportunity is a four-unit residential asset listed at $1,590,000, positioned well below the $1,629,796 Fair Market Value by 2%. This valuation gap provides $39,796 in Instant Equity. Featuring a versatile unit mix and an on-site laundry room, the property maintains a Condition Rating of 4, indicating a need for system updates. Its high walkability and proximity to local schools ensure consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term cash flow.
Estimated Market Value
$1,629,796
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 |
|---|---|---|---|---|---|---|
★ 701 E Chestnut Subject | $1,590,000* List Price | 0 | 0 | 4,266 | $382 | - |
A 406 E Walnut Active | $1,175,000 List Price | 0 | 0 | 2,677 | $439 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1977 (47 years old), the property is functional but dated. The kitchen features cabinetry and drop-ceiling lighting consistent with a 20-30 year old renovation, and the presence of window AC units suggests older mechanical systems. While described as well-maintained, it requires significant cosmetic and system updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Unit Mix
The property features a desirable mix of three 2-bedroom/2-bathroom units and one expansive 3-bedroom/2-bathroom unit, catering to a wide range of tenant needs and maximizing rental potential.
- Prime Location & Walkability
Situated in a highly walkable Santa Ana neighborhood, the property is conveniently located just steps from local schools and markets, ensuring high demand and low vacancy rates.
- Supplemental Income Stream
An on-site laundry room provides a consistent source of additional revenue, enhancing the overall cash flow and investment value of this four-unit building.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5972, other record lot size in square feet = 6754.
- Recently Sold Property
The property was recently sold within the past year on 2025-09-02. The sold price is $1,400,000.00.
- Low School Ratings
The assigned public schools have relatively low ratings (ranging from 2 to 4), which may limit the property's appeal to families prioritizing high-performing educational districts.
About 701 E Chestnut
Prime Santa Ana Investment Opportunity! Discover an exceptional Four Unit Residential property situated in a highly desirable, walkable neighborhood just steps from local schools and markets. This well maintained building features a versatile unit mix consisting of 3 spacious 2 bedroom 2 bathroom units and an expansive 3 bedroom 2 bathroom unit. Additional income is generated by a convenient on site laundry room adding continues value for investors. This is an excellent long term potential in a thriving community.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1977
- Lot Size
- 5,972 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Theodore Roosevelt Elementary School
Grades K-5 • 0.1 mi
4/10
Raymond A. Villa Fundamental Intermediate School
Grades 6-8 • 0.6 mi
3/10
Martin R. Heninger Elementary School
Grades K-8 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.1 |
| Square foot | 4,266 | 1,895.889 |
| Lot Size | 5,972 | 28,507.667 |
| Price | $1.59M | $911.2K |
| Price per sq ft | $373 | $477 |
| Built year | 1977 | 1956 |
| HOA | $0 | $438 |
| Days on market | 24 | 83 |
Pricing History
Listed for Sale
Aug 16, 2026
$1,590,000
Initial Listing
Sold
Sep 2, 2025
$1,400,000
Public Record
Sold
Feb 28, 2019
$1,150,000
Public Record
Sold
Nov 2, 2005
$860,000
Public Record