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
$150K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25119538
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 | 159 | 177 | 44% |
Condition Rating
Fair
The property was built in 1960. The exterior image shows a building that appears to be maintained but not recently renovated. Without interior images, it's difficult to assess the kitchen and bathroom conditions, but given the age, they are likely outdated and require minor updates or repairs. The overall condition is therefore rated as fair.
Pros & Cons
Pros
Income Potential: Triplex property offers immediate income generation from three separate units.
Individual Garages: Each unit includes a garage, a desirable amenity for tenants.
Unit Mix: Variety of unit sizes (2 bed/1 bath, 2 bed/1 bath, 1 bed/1 bath) caters to a broader tenant base.
Location: Located in Santa Ana, providing access to local amenities, employment, and transportation.
Lot Size: Relatively large lot size (6,970 sqft) may offer potential for future expansion or development (subject to local regulations).
Cons
Age of Property: Built in 1960, the property may require updates and maintenance to meet modern standards and tenant expectations.
Potential Renovation Costs: Older construction may present unforeseen repair or upgrade costs.
High List Price: The list price of $1,500,000 may be a barrier to entry for some investors, requiring careful financial analysis.