813 E Chestnut, Santa Ana, California 92701, Santa Ana, 92701 - 0 bed, 0 bath
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Santa Ana, California 92701
This Turnkey Multi-Unit Property is a Strong Value Opportunity, listed at $1,074,900—positioned well below the $1,082,506 Fair Market Value by 0.7%. This valuation gap offers $7,606 in Instant Equity. Featuring a Condition Rating of 2, the home includes a finished ADU, modern kitchen, and zoned HVAC. The oversized 7,516 sq ft lot provides significant income potential through garage conversion. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready asset with long-term revenue growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 813 E Chestnut Subject | $1,074,900* List Price | 0 | 0 | 1,645 | $658 | - |
A 505 E Bishop Sold | $975,000 | 3 | 2 | 1,353 | $721 | 0.3 mi |
B 1701 E 6th Sold | $1,200,000 | 4 | 3 | 1,834 | $654 | 1.0 mi |
C 721 S Ross Active | $899,000 List Price | 3 | 3 | 1,800 | $499 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a comprehensive recent renovation (likely <5 years) including a modern kitchen with quartz countertops, updated bathrooms, and major system upgrades such as newer PEX plumbing, zoned HVAC, tankless water heater, and dual-pane windows.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7516, living area = 1645.
The property features a finished ADU plus a detached two-car garage ideal for a second ADU conversion, offering significant rental income potential or multi-generational living options.
Major system improvements including PEX plumbing, newer sewer lines, tankless water heater, and zoned HVAC provide the peace of mind and efficiency of a newer home within a classic structure.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1645, other record living area = 1445.
The assigned public schools carry relatively low ratings (ranging from 2 to 4), which may be a deterrent for families prioritizing high-performing academic districts.
With a list price exceeding $1.07M for 1,645 square feet of living space, the property sits at a premium price point that may challenge appraisal values for the immediate neighborhood.
A beautifully updated 4-bedroom, 3-bath home set on an oversized 7,516 sq ft lot with alley access, abundant parking, an electric driveway gate, a detached two-car garage and ADU. The two-car detached garage is ideal for a second ADU increasing revenue as there is plenty of parking off the alley in the back as well as the front extended driveway. Major system upgrades include newer PEX plumbing, ABS sewer line, electrical panel, tankless water heater, zoned/ducted HVAC, and dual-pane windows for comfort and efficiency. Inside, the spacious living room welcomes you with wood-look porcelain tile, recessed lighting, and a cozy gas fireplace. The remodeled kitchen features white Shaker cabinetry, quartz countertops, stainless steel appliances, and an easy flow to the main living areas—ideal for everyday living and entertaining. All three bathrooms are refreshed with modern porcelain tile, updated vanities, and contemporary fixtures. An interior laundry room with added pantry storage elevates daily convenience. Out back, enjoy a true Southern California retreat: a covered patio with a wood-burning fireplace, mature landscaping and ample storage. A versatile finished bonus structure ADU complete with drywall, recessed lighting, and full bath creates a comfortable guest space, deluxe office/studio or rental. Move-in ready and centrally located this home blends upgrades, privacy, outdoor living, and income potential—an outstanding opportunity in Santa Ana.
No exterior & parking available.
Grades K-5 • 0.2 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 | 1,645 | 1,509.5 | 67% |
| Lot Size | 7,516 | 6,537 | 89% |
| Price | $1.07M | $910.0K | 83% |
| Price per sq ft | $653 | $586 | 67% |
| Built year | 1943 | 1952 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 206 | 6% |
May 28, 2026
$1,074,900
Initial Listing
Jun 24, 2021
$726,000
Public Record
Dec 14, 2017
$558,181
Public Record
Sep 29, 2015
$296,000
Public Record