1020 E Warner Ave, Santa Ana, California 92707, Santa Ana, - bed, bath
ACTIVE UNDER CONTRACT$700,000
1020 E Warner Ave, Santa Ana, California 92707
4Beds
2Baths
1,727Sqft
7,405Lot
Year Built
1920
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25193482
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Investor opportunity in Santa Ana! Lease to Purchase option on this home. This detached 2-unit property on a 7,405 sq ft lot is ready for renovation and modernization. Both units feature spacious layouts and offer the potential to increase value with updates. Perfect for investors or owner-occupants looking to add equity in a central location near schools, shopping, and freeways. Sold as-is, this property offers a rare chance to create a high-return investment in a desirable area.
Nearby schools
4/10
Monroe Elementary School
Public,•K-5•0.4mi
2/10
Thomas A. Edison Elementary School
Public,•K-5•0.6mi
3/10
Manuel Esqueda Elementary School
Public,•K-8•0.6mi
2/10
Julia C. Lathrop Intermediate School
Public,•6-8•1.4mi
3/10
Mcfadden Intermediate School
Public,•6-8•2.3mi
3/10
Century High School
Public,•9-12•1.1mi
6/10
Saddleback High School
Public,•7-12•1.2mi
Price History
Date
Event
Price
09/02/25
Listing
$700,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (14 Listings) | |
|---|---|---|---|
| Beds | 4 | 0 | 13% |
| Baths | 2 | 0 | 0% |
| Square foot | 1,727 | 2,604 | 27% |
| Lot Size | 7,405 | 6,969 | 67% |
| Price | $700K | $948K | 13% |
| Price per square foot | $405 | $430 | 40% |
| Built year | 1920 | 1958 | 13% |
| HOA | |||
| Days on market | 65 | 139 | 27% |
Condition Rating
Poor
Built in 1920, this property is explicitly described as 'ready for renovation and modernization' and 'Sold as-is,' indicating significant deferred maintenance and the need for substantial repairs. The exterior images show visible signs of neglect, including faded/peeling paint, an old and weathered fence, and unkempt grounds. While not explicitly stated as 'beyond repair,' the age and description strongly suggest major components require extensive rehabilitation to be safe and comfortable for living, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: This is a detached 2-unit property, offering immediate potential for rental income or owner-occupancy with supplemental income, making it a strong residential income asset.
Significant Value-Add Opportunity: Explicitly marketed as an 'investor opportunity' ready for 'renovation and modernization,' it presents a clear path to increasing property value through strategic updates.
Central & Convenient Location: Situated in a central Santa Ana location, it offers excellent proximity to schools, shopping, and major freeways, enhancing its appeal to both tenants and owner-occupants.
Generous Lot Size: The property sits on a substantial 7,405 sq ft lot, providing ample outdoor space and potential for future landscaping or expansion, subject to local zoning.
Spacious Unit Layouts: Both units are described as having 'spacious layouts,' which is attractive for tenants and provides comfortable living spaces, contributing to higher rental demand.
Cons
Extensive Renovation Required: The property is explicitly stated to be 'ready for renovation and modernization,' indicating that significant capital investment will be necessary to bring it to current market standards.
Sold As-Is Condition: Being sold 'as-is' means the buyer assumes all responsibility for any existing defects, repairs, or necessary upgrades, potentially leading to unforeseen costs.
Historic Property Age: Built in 1920, the property is over a century old, which often implies outdated infrastructure (plumbing, electrical, HVAC) and potential for higher maintenance or the need for costly system replacements.