2738 W Keller, Santa Ana, California 92704, Santa Ana, - bed, bath

home-pic
ACTIVE$1,675,000
2738 W Keller, Santa Ana, California 92704
0Bed
0Bath
4,366Sqft
7,405Lot
Year Built
1969
Close
-
List price
$1.68M
Original List price
$1.68M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25251189
Home ConditionGood
Features
Patio
View-

About this home

Exceptional South Coast Metro 4-Plex in a prime location! This well-located and highly desirable Covington 4-Plex is situated in a sought-after rental neighborhood near South Coast Plaza and directly across the street from Calvary Chapel, a strong draw for tenants. Located in one of the best 4-Plex tracts in Orange County near Fairview and Sunflower in Santa Ana, it’s within walking distance of South Coast Plaza and offers close access to the 405 freeway. The property features a spacious single-story 3-bedroom, 2-bathroom main unit with a double-car garage, a cozy fireplace, and no unit above. Additionally, there are two large 2-bedroom, 2-bathroom units (stacked) and a 2-bedroom, 1-bathroom unit above the garages. Each unit has its own garage, laundry hookups, and private patio or balcony, with the added convenience of a single-loaded alley offering garages on one side only. This prime property is also near Metro Pointe Shopping Center and top-rated schools. All units are currently occupied with good-paying tenants, making this a turn-key investment opportunity in an unbeatable location. Act quickly—this one won’t last!

Price History

Date
Event
Price
10/31/25
Listing
$1,675,000
02/16/22
Sold
$1,670,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (8 Listings)
Beds00
Baths00
Square foot4,3662,450
67%
Lot Size7,4056,970
56%
Price$1.68M$1.5M
89%
Price per square foot$384$486
44%
Built year19691964
78%
HOA
Days on market5178
11%
Condition Rating
Good

The property, built in 1969, shows evidence of significant updates in key areas. The kitchen features modern white shaker cabinets, stainless steel appliances (range, microwave, dishwasher), contemporary countertops, and recessed lighting, indicating a renovation within the last 5-15 years. Flooring in other rooms has been updated to wood-look laminate/vinyl plank. While the exterior retains its original character, the visible interior spaces are clean, functional, and move-in ready, aligning with the 'Good' condition criteria for a property that has been extensively renovated in important areas, despite its original build year.
Pros & Cons

Pros

Prime Location: Situated in the highly desirable South Coast Metro area, offering proximity to South Coast Plaza, Metro Pointe Shopping Center, the 405 freeway, and top-rated schools, ensuring strong tenant demand and potential for appreciation.
Turn-Key Investment: All units are currently occupied by good-paying tenants, providing immediate rental income and minimizing vacancy risk for a new owner.
Desirable Unit Amenities: Each unit features its own garage, laundry hookups, and a private patio or balcony, significantly enhancing tenant appeal and retention.
Diverse Unit Mix: The property offers a versatile mix of units, including a spacious 3-bedroom/2-bathroom main unit, two 2-bedroom/2-bathroom units, and a 2-bedroom/1-bathroom unit, catering to a broad range of renters.
Strong Rental Market: Located in a sought-after rental neighborhood with a 'strong draw for tenants' (across from Calvary Chapel), indicating consistent demand and stable occupancy.

Cons

Property Age: Built in 1969, the property may require significant capital expenditures for updates to major systems (e.g., plumbing, electrical, HVAC) or general renovations to remain competitive and avoid deferred maintenance.
Lack of Renovation Details: The description does not specify any recent major renovations or upgrades to the units or common areas, which could imply outdated interiors or potential for future renovation costs.
Potential for Shared Utilities: The listing does not explicitly state that all utilities are separately metered for each unit, which could lead to higher operating expenses for the landlord if utilities are master-metered.

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