821 823 Gunther Street, Santa Ana, California 92703, Santa Ana, 92703 - 0 bed, 0 bath
Loading property details...
Santa Ana, California 92703
This Residential Income Duplex is listed at $1,625,000, offering a stable investment in the heart of Little Saigon. While the $1,342,587 Fair Market Value indicates a market premium, the property’s Condition Rating of 4 and recent cosmetic updates to the rear unit support its strong income potential. Key features include a corner lot, private patio, and rare six-vehicle parking, catering to high local rental demand. This well-maintained asset is a prime choice for Buy-and-Hold Investors or Owner-Occupants seeking a multi-unit property in a supply-constrained market.
Property is moderate renovation needed.
Built in 1947, this duplex shows its age despite being described as 'well-maintained.' While the rear unit has 'new carpet and fresh paint,' these are cosmetic updates. The front unit's kitchen features dated white cabinets, granite-look laminate countertops, a pinkish-brown tile backsplash, and older white appliances, suggesting a renovation from 15-30 years ago. Bathrooms in the rear unit are clean and functional but basic in style, not reflecting modern extensive renovations. The property lacks central HVAC (window units visible) and has basic light fixtures and older-style flooring (tile and older carpet in the front unit). Major systems are likely functional but outdated, requiring significant modernization beyond the recent cosmetic refresh in one unit.
The property is a well-maintained duplex, explicitly designed as a residential income property, offering strong rental income potential for investors or owner-occupants.
Located in the heart of Little Saigon, minutes from key amenities like Vietnam Town, supermarkets, schools, and hospitals, in a quiet neighborhood with high rental demand.
Features three driveways with parking for up to six vehicles, a rare and valuable asset, situated on a desirable beautiful corner lot.
Built in 1947, the property's age suggests potential for original systems (plumbing, electrical, HVAC) that may require future upgrades or significant maintenance, despite being well-maintained overall.
Only the rear unit is specified as recently renovated with new carpet and paint, implying the front unit may be less updated and could require additional investment to modernize.
The description does not detail updates to major systems or modern amenities (e.g., central air conditioning, updated kitchens/bathrooms beyond cosmetic in one unit), which could be a drawback for some prospective tenants or buyers.
Are you looking for a great investment? Look no further! This well-maintained duplex sits on a beautiful corner lot and offers exceptional potential. Located in a very nice, quiet neighborhood with high rental demand, the property is in the heart of Little Saigon—just minutes from Vietnam Town, supermarkets, schools, and hospitals. The front unit features 2 bedrooms, 1 bathroom, and a 2-car garage. The rear unit offers 3 bedrooms and 3 bathrooms and has been recently renovated with new carpet and fresh paint. The property also includes three driveways with parking for up to six vehicles, a rare and valuable feature. This is an excellent opportunity for investors or owner-occupants seeking strong rental income in a prime location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,391 | 1,474 | 71% |
| Lot Size | 6,100 | 6,284 | 43% |
| Price | $1.57M | $630.0K | 86% |
| Price per sq ft | $659 | $450 | 71% |
| Built year | 1947 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 99 | 223 | 14% |
Apr 18, 2026
$1,575,000
$1,625,000
-3% Price Drop
Initial Listing
Apr 8, 2026
$1,625,000
$1,650,000
-2% Price Drop
Initial Listing
Jan 13, 2026
$1,650,000
Initial Listing