
Santa Ana, California 92701
This triplex presents a High-Potential Investment Opportunity with a List Price of $929,000—positioned well above the $859,915 Fair Market Value by -8%. Featuring a Condition Rating of 4, this asset requires cosmetic updates to modernize its 1921 infrastructure. The 8,581 square foot lot offers significant development potential, including ADU possibilities. With month-to-month tenancies, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income while repositioning the asset in a high-demand Santa Ana rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 826 S Orange Avenue Subject | $929,000* List Price | 0 | 0 | 921 | $934 | - |
A 713 E Camile Pending | $828,888 List Price | 3 | 2 | 1,144 | $725 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1921, this triplex shows signs of a renovation that is likely over 20 years old. The kitchen features dated white tile countertops with blue trim and older cabinetry. While the property is functional and currently occupied by tenants, the systems and interiors are dated and require cosmetic updates and minor repairs to reach modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8581, living area = 921.
With all three units currently on month-to-month rental agreements, the property offers immediate flexibility for an owner-user to occupy one unit or for an investor to reposition the asset at market-rate rents.
The generous 8,581 square foot lot is significantly larger than average for the area, providing ample space for potential expansion, the addition of an ADU, or enhanced outdoor amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8581, other record lot size in square feet = 8484.
Originally constructed in 1921, the property likely requires ongoing maintenance or significant capital improvements to modernize structural, electrical, and plumbing systems.
The local schools assigned to this address carry low ratings (ranging from 2 to 4), which may limit the property's appeal to families and impact long-term appreciation potential.
Excellent investment opportunity to own a well-located triplex in the heart of Santa Ana. Situated on an approximately 8,581 square foot lot, this property features three one-bedroom, one-bathroom units totaling approximately 1,801 square feet of living space. Two units are approximately 602 square feet each, while the third unit is approximately 597 square feet. One of the units enjoys exclusive use of a detached two-car garage and a private backyard, providing added appeal for tenants or a future owner-occupant. The property also offers additional on-site parking and individual electric meters. All tenants are currently on month-to-month rental agreements, subject to applicable California and local tenant protection laws, providing future ownership flexibility for an investor seeking to maximize the property's long-term potential or an owner looking to occupy one unit while generating rental income from the others. The spacious lot and functional layout offer excellent long-term investment potential. Conveniently located near shopping, restaurants, schools, parks, public transportation, and major freeways, this property provides easy access to employment centers throughout Orange County. Whether you are expanding your investment portfolio, completing a 1031 exchange, or purchasing your first income property, this triplex presents an outstanding opportunity in a strong rental market. Buyers are encouraged to verify all information, including square footage, permits, zoning, and intended use, to their own satisfaction.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.4 mi
Grades K-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 921 | 1,505 |
| Lot Size | 8,581 | 6,834.5 |
| Price | $929.0K | $1.05M |
| Price per sq ft | $1.0K | $672 |
| Built year | 1921 | 1957 |
| HOA | $0 | $215 |
| Days on market | 8 | 50 |
Jul 14, 2026
$929,000
Initial Listing
Aug 3, 2005
$740,000
Public Record
Mar 21, 2003
$340,000
Public Record