2238 S Center Street, Santa Ana, California 92704, Santa Ana, - bed, bath
ACTIVE$1,500,000
2238 S Center Street, Santa Ana, California 92704
0Bed
0Bath
3,500Sqft
6,970Lot
Year Built
1960
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25081771
Home ConditionFair
Features
View-
About this home
Triplex in the city of Santa Ana, Unit A - two bedroom one bath with garage, Unit B2 - bedroom 1 bath with garage, Unit C - 1 bedroom 1 bath with garage
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (8 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,500 | 2,450 | 56% |
| Lot Size | 6,970 | 6,970 | 50% |
| Price | $1.5M | $1.5M | 50% |
| Price per square foot | $429 | $486 | 44% |
| Built year | 1960 | 1962 | 44% |
| HOA | |||
| Days on market | 205 | 205 | 50% |
Condition Rating
Fair
The property was built in 1960. From the exterior image, the building appears to be aged but maintained. It's difficult to assess the interior condition of the kitchens and bathrooms without interior images, but given the age, it's likely that they are outdated and may require minor updates or repairs. Therefore, a 'fair' condition score is appropriate.
Pros & Cons
Pros
Income Potential: Triplex property provides immediate rental income from three separate units.
Individual Garages: Each unit includes a garage, a desirable amenity for tenants.
Unit Mix: The property offers a mix of unit sizes (two 2-bedroom, one 1-bedroom), appealing to a broader tenant base.
Location: Located in Santa Ana, offering access to local amenities, schools, and transportation.
Lot Size: The property sits on a 6,970 sqft lot, potentially offering future development opportunities (subject to local regulations).
Cons
Age of Property: Built in 1960, the property may require updates and maintenance to meet modern standards.
Potential Renovation Costs: Depending on the condition of the units, renovations may be necessary to maximize rental income and attract quality tenants.
Market Conditions: The Santa Ana rental market and interest rates will influence the overall profitability and investment return.