3626 South Marine St., Santa Ana, California 92704, Santa Ana, - bed, bath

home-pic
ACTIVE$1,685,000
3626 South Marine St., Santa Ana, California 92704
0Bed
0Bath
4,345Sqft
8,276Lot
Year Built
1970
Close
-
List price
$1.69M
Original List price
$1.69M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25223658
Home ConditionFair
Features
Deck
View-

About this home

3626 S. Marine St. is a highly sought after Covington Style 4-unit multifamily investment property located in Santa Ana, CA. Built in 1970, this property consists of (1) 3- bedroom 2- bath, (2) 2-bedroom 2-bath, and (1) 2- bedroom 1-Bath units. Additionally, each fourplex includes four private garages, enhancing tenant demand and providing additional income potential. The Marine St. property boasts a Laundry Room for additional income potential. The property exudes pride of ownership, and has been well maintained. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. This property is being sold alongside another property at 2732 W. Orion Ave. Properties can be sold as a portfolio or individually. The property is ideally located minutes from South Coast Plaza, Metro Pointe, The Camp, The Lab, Segerstrom Center, John Wayne Airport, Orange County Museum of Art, Santa Ana College, Mater Dei High School. The property is ideally located near the 405, 55 and 5 FWY for an easy commute.

Price History

Date
Event
Price
09/23/25
Listing
$1,685,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (8 Listings)
Beds00
Baths00
Square foot4,3452,450
56%
Lot Size8,2766,970
78%
Price$1.69M$1.5M
89%
Price per square foot$388$486
44%
Built year19701964
89%
HOA
Days on market43178
11%
Condition Rating
Fair

Built in 1970, this property shows signs of being well-maintained but has not undergone significant modern renovations. The visible features, such as the stone fireplace, popcorn ceilings, and dated balcony railing, are consistent with its age. While the description mentions 'pride of ownership' and 'well maintained,' the lack of images for kitchens and bathrooms, combined with the visible dated elements, suggests these areas are likely functional but outdated, requiring minor to moderate updates to meet current standards. The property is aged but appears to be maintained through regular upkeep, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Diversified Income Stream: This quadruplex offers a strong unit mix of (1) 3B/2B, (2) 2B/2B, and (1) 2B/1B, appealing to a broad tenant base and providing stable, diversified rental income.
Value-Add Opportunities: The property includes four private garages and an on-site laundry room, both offering additional income potential. Furthermore, implementing a RUBS system can significantly enhance yield by minimizing water and trash expenses.
Strategic Location: Ideally situated minutes from major retail (South Coast Plaza), entertainment (Segerstrom Center), educational institutions (Santa Ana College), and key transportation arteries (405, 55, 5 FWY), ensuring high tenant demand and desirability.
Well-Maintained Asset: The property 'exudes pride of ownership' and has been 'well maintained,' suggesting reduced immediate capital expenditure for repairs and a positive living environment for tenants.
Portfolio Acquisition Potential: The option to purchase this property alongside another at 2732 W. Orion Ave. presents an attractive opportunity for investors looking to expand their multifamily portfolio.

Cons

Property Age: Built in 1970, the property is over 50 years old, which may imply aging infrastructure and systems that could require significant capital expenditures in the future, despite current maintenance.
Potential for Deferred Interior Upgrades: While generally well-maintained, the description lacks specific details on recent interior unit renovations, suggesting potential for future investment to modernize units and maximize rental income in a competitive market.
Reliance on RUBS for Expense Control: The explicit mention of implementing a RUBS system indicates that current utility expenses (water/trash) are likely borne by the owner, representing a significant operating cost until the system is successfully in place.

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