1008 W 3rd Street, Santa Ana, California 92703, Santa Ana, - bed, bath
ACTIVE$740,050
1008 W 3rd Street, Santa Ana, California 92703
0Bed
0Bath
1,470Sqft
6,098Lot
Year Built
1929
Close
-
List price
$740K
Original List price
$779K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25215551
Home ConditionFair
Features
View-
About this home
Discover a prime investment opportunity at 1008–1010 W. 3rd Street, a well-maintained side-by-side duplex ideally located near downtown Santa Ana. Each unit features 2 bedrooms, 1 bathroom, and a detached single-car garage. The property is currently leased to long-term tenants on month-to-month agreements, generating $3,495/month in rent with market potential of approximately $4,000/month. The seller prefers to sell with tenants in place. This turnkey property offers immediate cash flow and long-term upside in a growing rental market. Please do not disturb tenants—showings available for qualified buyers only.
Price History
Date
Event
Price
10/29/25
Price Change
$740,050-5.0%
09/11/25
Listing
$779,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,470 | 1,544 | 38% |
| Lot Size | 6,098 | 6,191 | 50% |
| Price | $740K | $870K | 25% |
| Price per square foot | $503 | $554 | 50% |
| Built year | 1929 | 9725977 | 38% |
| HOA | |||
| Days on market | 55 | 134 | 13% |
Condition Rating
Fair
The property was built in 1929, making it over 90 years old. While the description states it is 'well-maintained,' there are no interior images provided to assess the condition of the kitchen, bathrooms, flooring, or other critical interior components. Without evidence of recent extensive renovations, it is highly probable that the interior styles, fixtures, and major systems (electrical, plumbing, HVAC) are outdated, even if functional. The exterior image shows an aged but seemingly kept property, consistent with a 'Fair' rating where the home is aged but maintained through regular upkeep, and major components are functional but show signs of being outdated.
Pros & Cons
Pros
Immediate Income & Upside Potential: The property offers immediate cash flow of $3,495/month with a market potential of approximately $4,000/month, ensuring strong rental yield and investment growth.
Strategic Duplex Investment: A well-maintained side-by-side duplex in a growing Santa Ana rental market, ideal for long-term wealth building and diversified income.
Prime Downtown Adjacent Location: Ideally located near downtown Santa Ana, enhancing tenant demand, property value, and access to urban amenities.
Stable Tenancy with Flexibility: Currently leased to long-term tenants on month-to-month agreements, providing consistent income and flexibility for future rent adjustments.
Recent Price Adjustment: A recent price reduction from $779,000 to $740,050 presents a more attractive entry point and potential value for investors.
Cons
Limited Property Access: Showings are restricted to qualified buyers only and tenants are not to be disturbed, which may hinder thorough due diligence and broad buyer interest.
Tenant Occupancy Preference: The seller prefers to sell with tenants in place, potentially limiting immediate owner-occupancy or extensive renovation plans for a new buyer.
Age of Property (1929): Built in 1929, the property, despite being well-maintained, may entail higher long-term maintenance costs or require updates to older systems and finishes.