2726 W Orion Avenue, Santa Ana, California 92704, Santa Ana, - bed, bath

home-pic
ACTIVE$1,950,000
2726 W Orion Avenue, Santa Ana, California 92704
0Bed
0Bath
4,553Sqft
7,841Lot
Year Built
1970
Close
-
List price
$1.95M
Original List price
$2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25099299
Home ConditionFair
Features
Patio
View-

About this home

2726 W. Orion Avenue is a generational asset nestled in the vibrant South Coast Metro area of Santa Ana. This Covington-style fourplex offers a diverse mix of spacious floor plans, including a generous 3-bedroom/2-bathroom unit, two charming 2-bedroom/2-bathroom units, and an inviting 2-bedroom/1-bathroom unit. As a landlord, your responsibilities are minimal, encompassing only exterior lighting, water, trash removal, and landscaping—allowing for a passive income opportunity with low overall expenses. Imagine living in the front unit, enjoying the comforts of home, while the other units provide valuable rental income. The property features a convenient 2-car garage, three individual 1-car garages, and an additional uncovered carport parking spot, ensuring ample parking for both residents and guests. Patios and greenery create a welcoming outdoor ambiance, perfect for relaxation and social gatherings. Many units showcase stylish remodeled interiors, complete with spacious walk-in closets and tastefully updated bathrooms. A shared laundry facility is readily available for residents' convenience. The location is superb, situated just a stone’s throw from the upscale shopping experience at South Coast Plaza, the dynamic offerings of Metro Pointe Shopping Center, and highly regarded schools. Each unit is equipped with separate electric and gas meters, enhancing privacy and control over utility expenses. This property truly represents an incredible opportunity to invest in a thriving community.

Price History

Date
Event
Price
08/01/25
$1,950,000
05/08/25
$2,000,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (8 Listings)
Beds00
Baths00
Square foot4,5532,450
78%
Lot Size7,8416,970
67%
Price$1.95M$1.5M
89%
Price per square foot$428$486
44%
Built year19701964
89%
HOA
Days on market182182
50%
Condition Rating
Fair

The property, built in 1970, presents a mixed condition across its units. While some units feature modern updates like the kitchen with white shaker cabinets, stainless steel appliances, and wood-look laminate flooring (Image 1), other units retain significantly dated elements. For instance, one kitchen (Image 2, 6) has older white tile countertops, dated white appliances, and an older cabinet style. Similarly, at least one bathroom (Image 9) shows an outdated vanity with tile countertops and an older light fixture. The presence of older carpeting (Image 4) and basic, though clean, bathrooms (Image 7) in some units indicates that not all interiors have received recent, comprehensive renovations. The property is maintained and functional, but the inconsistency in updates and the presence of clearly outdated styles in several key areas (kitchens and bathrooms) prevent it from achieving a 'Good' rating. It requires minor updates or repairs to bring all units to a consistent, modern standard.
Pros & Cons

Pros

Prime Location & Investment Potential: Nestled in the vibrant South Coast Metro area, the property offers superb access to upscale shopping (South Coast Plaza, Metro Pointe) and highly regarded schools, making it a desirable location for tenants and a strong investment.
Diverse Unit Mix & Spacious Layouts: The fourplex features a desirable mix of spacious floor plans, including 3-bedroom/2-bathroom, 2-bedroom/2-bathroom, and 2-bedroom/1-bathroom units, catering to a broad tenant base.
Low Landlord Expenses & Passive Income: Landlord responsibilities are minimal, covering only exterior lighting, water, trash, and landscaping, which facilitates a passive income opportunity with low overall operating expenses.
Ample & Diverse Parking: The property provides extensive parking options, including a 2-car garage, three individual 1-car garages, and an additional uncovered carport, ensuring convenience for all residents and guests.
Updated Interiors & Separate Utilities: Many units boast stylish remodeled interiors with updated bathrooms and walk-in closets, enhancing tenant appeal. Each unit also benefits from separate electric and gas meters for individual utility control.

Cons

Age of Property & Potential System Updates: Built in 1970, the property's age suggests that major systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their lifespan, potentially requiring significant capital expenditures in the future.
Inconsistent Unit Modernization: While 'many units' are remodeled, this implies that not all units have been updated, which could lead to varying tenant appeal, rental income discrepancies, and future renovation costs for un-remodeled units.
Shared Laundry Facility & Lack of Individual HVAC: The presence of a shared laundry facility may be less appealing to some tenants who prefer in-unit laundry. Additionally, the description does not mention individual HVAC systems, which could be a drawback for tenant comfort and energy efficiency.

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