806 N Lacy, Santa Ana, California 92701, Santa Ana, 92701 - bed, bath
ACTIVE$1,750,000
806 N Lacy, Santa Ana, California 92701
0Bed
0Bath
4,500Sqft
8,616Lot
Year Built
1913
Close
-
List price
$1.75M
Original List price
$1.8M
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
PW25259687
Home ConditionFair
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $1.75M(86th), sqft - 4500(86th), beds - undefined(50th), baths - undefined(50th).
Excellent income opportunity in historic French Park (4 units - 2 houses and a duplex). Each unit is spacious and has its own meters and washer/dryer hook-ups. 806 N. Lacy has 3 beds and 1.75 baths plus 2 car garage. 812 N. Lacy has 2 bedrooms and 1 bath. There are two additional rear units: 808 has 3 beds 2 baths, 2 car garage; 810 N. Lacy has 3 beds and 2 baths plus 2 car garage. 808 and 810 are attached by breezeway however there are no common walls. Plenty of onsite parking. Live in one and rent the others. Walking distance to train station, shopping, and Downtown Santa Ana with it's theatres, entertainment, market, superb restaurants & clubs.
Price History
Date
Event
Price
12/08/25
Price Change
$1,750,000-1.4%
11/22/25
Price Change
$1,775,000-1.4%
11/13/25
Listing
$1,800,000
09/11/17
Sold
$1,400,000
Condition Rating
Fair
Built in 1913, this property's exterior appears maintained, but the interior images (kitchen and bathroom) clearly show outdated styles and features, likely from renovations 15-30 years ago. The kitchen has older white cabinets, laminate countertops, and dated white appliances. The bathroom features a pedestal sink, older wall tiles, and basic fixtures. While functional, these areas require substantial cosmetic and system updates to meet modern standards. The property is aged but appears to have been maintained, not showing significant defects that would classify it as 'poor' or 'tear-down'.
Pros & Cons
Pros
Significant Income Potential: This property offers an excellent income opportunity with four distinct units (two houses and a duplex), each featuring individual meters and washer/dryer hook-ups, maximizing rental revenue and simplifying management.
Prime Historic Location: Situated in the desirable historic French Park neighborhood, the property boasts exceptional walkability to the train station, shopping, and the vibrant Downtown Santa Ana with its theatres, entertainment, and superb restaurants.
Ample Onsite Parking: The property provides substantial parking solutions, including multiple 2-car garages and plenty of additional onsite parking, a significant advantage in an urban setting for both residents and guests.
Flexible Owner-Occupant Model: The configuration allows for an owner to 'live in one and rent the others,' providing a unique opportunity to offset mortgage costs with rental income or for multi-generational living.
Individual Unit Amenities: Each unit is equipped with its own meters and washer/dryer hook-ups, enhancing tenant appeal, reducing landlord utility responsibilities, and offering modern convenience.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8616, other record lot size in square feet = 8970. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4500, other record living area = 1288.
Age of Property & Potential Maintenance: Built in 1913, the property is over a century old, which may imply potential for outdated infrastructure, higher ongoing maintenance costs, and the need for significant capital expenditures for repairs or upgrades.
Price Reductions & Market Perception: The property has experienced multiple price reductions from its original list price, which could indicate it was initially overpriced or has faced challenges in attracting buyers, potentially affecting its perceived market value.
Lack of Specific Renovation Details: While units are described as spacious, the listing does not highlight any recent major renovations or modern updates, which might be a concern for buyers expecting contemporary finishes or updated systems in a historic property.