2709 S Baker Street, Santa Ana, California 92707, Santa Ana, - bed, bath

home-pic
ACTIVE$1,710,000
2709 S Baker Street, Santa Ana, California 92707
0Bed
0Bath
3,963Sqft
6,098Lot
Year Built
1961
Close
-
List price
$1.71M
Original List price
$1.71M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25144601
Home ConditionGood
Features
Good View:
View-

About this home

Now on the market: a fully leased 4-plex at 2709 S. Baker St in Santa Ana. This property features four renovated 2-bed, 1.5-bath townhomes with new interiors, including kitchens with new appliances and bathrooms, plus vinyl windows and flooring, new electrical, a new roof, and garage parking. Situated in a very walkable neighborhood with a good bike score, this is a great investment opportunity in Santa Ana, just minutes from South Coast Plaza for premier shopping and dining. The property is also directly across the street from Saddleback High School and near other schools like Washington Elementary and McFadden Intermediate. Current Cap rate of 5.8%!! Utility billback is currently active on all 4 units! 2701 S. Baker Just Sold for $1.71M!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds00
Baths00
Square foot3,9633,500
62%
Lot Size6,0986,969
46%
Price$1.71M$1.16M
69%
Price per square foot$431$430
54%
Built year19611961
50%
HOA
Days on market131138
46%
Condition Rating
Good

The property was built in 1961 but has been renovated with new interiors, including kitchens with new appliances and bathrooms, plus vinyl windows and flooring, and new electrical. The images show updated kitchens and bathrooms. While not brand new, the renovations bring the property to a good, move-in ready condition.
Pros & Cons

Pros

Fully Leased: The property is currently fully leased, providing immediate rental income for the investor.
Renovated Units: All four units have been renovated with new interiors, kitchens, bathrooms, vinyl windows, and flooring, reducing immediate maintenance costs.
Garage Parking: The property includes garage parking, a desirable amenity for tenants.
Prime Location: Located in a walkable neighborhood, near South Coast Plaza, and directly across from Saddleback High School, offering convenience and desirability.
New Roof and Electrical: The property has a new roof and electrical system, reducing potential future expenses.

Cons

Year Built: Built in 1961, the property may have underlying infrastructure issues common in older buildings.
Lot Size: The lot size is relatively small, potentially limiting future expansion or development opportunities.
Limited Outdoor Space: The description does not mention any significant outdoor space for tenants, which could be a drawback for some renters.

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