3317 W Camille Street, Santa Ana, California 92704, Santa Ana, - bed, bath
ACTIVE$1,550,000
3317 W Camille Street, Santa Ana, California 92704
0Bed
0Bath
4,200Sqft
14,200Lot
Year Built
1969
Close
-
List price
$1.55M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW23198014
Home ConditionPoor
Features
Pool
Patio
View-
About this home
4 Houses On A Huge 0.354 Acre Lot. Drive By Only, Do Not Get Out And Do Not Disturb Tenants. Only 10 Times Gross With Current Super Low Rents. 4 Houses with Total 10 bedrooms, 5 Bathroom and 5 car garage. This property has 2 different addresses: 3317 and 3319 Cam W Camille St Santa ana Ca 92704. Lot 60 Ft X 236 Ft.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (72 Listings) | |
|---|---|---|---|
| Beds | 0 | 4 | |
| Baths | 0 | 2 | |
| Square foot | 4,200 | 1,490 | 99% |
| Lot Size | 14,200 | 6,104 | 99% |
| Price | $1.55M | $937K | 95% |
| Price per square foot | $369 | $638 | 1% |
| Built year | 1969 | 1963 | 73% |
| HOA | |||
| Days on market | 742 | 159 | 97% |
Condition Rating
Poor
The property was built in 1969 and appears to be in need of substantial repairs and rehabilitation. The images show multiple structures on the lot, and the exteriors appear aged and potentially neglected. The presence of tarps and general disarray suggest deferred maintenance and possible structural issues. Given the age and apparent condition, it requires significant investment to bring it up to modern standards.
Pros & Cons
Pros
Large Lot Size: The property boasts a substantial 0.354-acre lot (14,200 sqft), offering ample space for various uses and potential expansion.
Multi-Unit Potential: The property features 4 separate houses, providing a significant opportunity for rental income or multi-generational living.
High Bedroom/Bathroom Count: With a total of 10 bedrooms and 5 bathrooms across the 4 houses, the property can accommodate a large number of tenants or residents.
Garage Space: The property includes a 5-car garage, offering ample parking and storage space.
Investment Opportunity: The listing highlights the potential for a 10 times gross return with current rents, suggesting a strong investment opportunity.
Cons
Low Rents: The listing explicitly mentions 'super low rents,' indicating a need for rent increases to maximize investment potential.
Tenant Occupied: The property is currently tenant-occupied, which may limit immediate access for inspections and renovations, and could present challenges with tenant management.
Age of Property: Built in 1969, the property may require updates and repairs to meet modern standards and address potential maintenance issues associated with older construction.