206 S Shannon, Santa Ana, California 92704, Santa Ana, 92704 - bed, bath
ACTIVE$1,499,000
206 S Shannon, Santa Ana, California 92704
0Bed
0Bath
3,582Sqft
8,712Lot
Year Built
1979
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$418
HOA
-
Days on market
-
Sold On
-
MLS number
PW25264945
Home ConditionFair
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $1.50M(56th), sqft - 3582(67th), beds - undefined(50th), baths - undefined(50th).
Great opportunity to own a TRIPLEX located in heart of Little Saigon with townhome style. Turnkey-3 units (1 unit down stair with 2 beds 2 baths, next unit with 3 beds 2 baths, and the last unit upstairs with 3 beds 2.5 baths). Each unit have it own gas and electric meter.Perfect to leave in and rent out the others. Property is in 5 minutes walking distance to Church.Temple. All Vietnamese restaurant and shopping. A must see property!
Price History
Date
Event
Price
11/23/25
Listing
$1,499,000
Condition Rating
Fair
Built in 1979, this property is 45 years old. While described as 'turnkey,' the exterior image suggests an aged but maintained property, not one that has undergone extensive recent renovations. The listing lacks specific details on updates to critical components like kitchens and bathrooms, and the property analysis notes that major systems may be original or nearing the end of their lifespan. This aligns with a 'Fair' condition, indicating the home is functional but likely outdated and may require minor updates or future capital expenditures for major systems.
Pros & Cons
Pros
Income Generating Asset: The property is a triplex with three distinct units (2 bed/2 bath, 3 bed/2 bath, 3 bed/2.5 bath), offering significant rental income potential and flexibility for owner-occupancy with additional rental income.
Prime Little Saigon Location: Situated in the heart of Little Saigon, the property benefits from high demand due to its proximity to cultural amenities, restaurants, shopping, and community centers, enhancing tenant appeal and long-term value.
Turnkey Condition: Described as 'Turnkey-3 units,' the property appears ready for immediate occupancy and rental, minimizing initial renovation costs and potential downtime for new owners.
Independent Utilities: Each unit is equipped with its own gas and electric meter, simplifying utility management for the landlord, promoting tenant accountability, and reducing potential disputes over shared costs.
Townhome Style Units: The 'townhome style' design for each unit offers more privacy and a spacious feel compared to typical apartment configurations, potentially attracting higher-quality tenants and commanding better rental rates.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8712, other record lot size in square feet = 8850.
Age of Property: Built in 1979, the property is over 40 years old. While 'turnkey,' major systems (plumbing, electrical, roofing, HVAC) may be original or nearing the end of their lifespan, potentially requiring significant capital expenditures in the near future.
Unspecified Parking Availability: The listing does not specify parking provisions for three units, which is a critical amenity in a dense urban area like Little Saigon and could be a significant challenge for tenants and impact property desirability.
Lack of Detailed Renovation Information: While described as 'turnkey,' the listing lacks specific details on recent major renovations or upgrades to critical components, leaving potential buyers uncertain about the property's long-term maintenance requirements and hidden costs.