1023 W Central Avenue, Santa Ana, California 92707, Santa Ana, - bed, bath

home-pic
ACTIVE$1,350,000
1023 W Central Avenue, Santa Ana, California 92707
0Bed
0Bath
4,198Sqft
6,534Lot
Year Built
1977
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
-
HOA
$450
Days on market
-
Sold On
-
MLS number
PW25010660
Home ConditionPoor
Features
Patio
View-

About this home

Centrally located in Santa Ana, this property boasts exceptional walkability to nearby shopping centers, offering residents easy access to daily necessities, dining, and entertainment. This prime location enhances tenant appeal and minimizes vacancy potential. This fourplex offers a strong potential for steady rental income and long-term appreciation in a desirable market. Ideal for Investors seeking a stable income-producing property. Fourplex presents an excellent investment opportunity in the city Santa Ana. Featuring a desirable mix of unit configurations and a convenient location. Two units are conveniently located on the ground floor, while the other two are situated on the upper level, providing a sense of privacy for all residents. Property needs TLC Don't miss out on this exceptional investment opportunity!

Price History

Date
Event
Price
01/24/25
Listing
$1,350,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds00
Baths00
Square foot4,1983,500
85%
Lot Size6,5346,969
46%
Price$1.35M$1.16M
62%
Price per square foot$322$430
15%
Built year19771961
92%
HOA$450
0%
Days on market284179
85%
Condition Rating
Poor

Built in 1977, this property is 47 years old. The listing explicitly states 'Property needs TLC,' which, combined with the complete absence of interior images (especially of kitchens and bathrooms), strongly suggests that significant updates and repairs are required. Without any visual evidence of recent renovations or well-maintained interiors, it's highly probable that major components are outdated and show considerable wear, necessitating substantial rehabilitation to meet current standards and comfort.
Pros & Cons

Pros

Strong Investment Potential: As a quadruplex in a desirable market, this property offers significant potential for steady rental income and long-term appreciation, making it ideal for investors.
Prime Central Location: Centrally located in Santa Ana with exceptional walkability to shopping centers, dining, and entertainment, ensuring high tenant demand and convenience.
Multi-Unit Income Property: The quadruplex structure provides diversified rental income streams and enhanced cash flow potential, reducing vacancy risk compared to single-unit properties.
High Tenant Appeal: The convenient location and easy access to amenities contribute to strong tenant appeal, minimizing vacancy and ensuring consistent occupancy.
Thoughtful Unit Layout: Features a desirable mix of unit configurations with ground and upper-level units, offering a sense of privacy for residents and catering to diverse tenant preferences.

Cons

Requires Renovation/TLC: The property explicitly 'needs TLC,' indicating potential for significant capital expenditure for repairs, upgrades, or modernization to maximize its value and rental income.
Monthly Association Fee: A $450 monthly association fee adds to the operational costs, impacting the net rental income and overall investment yield.
Lack of Scenic Views: The property does not offer any notable views, which might be a disadvantage in attracting tenants or buyers who prioritize scenic surroundings.

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