3711 W Camille Street, Santa Ana, California 92704, Santa Ana, - bed, bath

home-pic
ACTIVE$2,300,000
3711 W Camille Street, Santa Ana, California 92704
0Bed
0Bath
6,752Sqft
13,939Lot
Year Built
1990
Close
-
List price
$2.3M
Original List price
$2.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25113189
Home ConditionFair
Features
Patio
View-

About this home

3711 West Camille Street, a rare and highly desirable 4-unit multifamily investment opportunity located in the sought-after Santa Anita neighborhood of Santa Ana, California. Built in 1990, the property consists entirely of (4) spacious three-bedroom townhome-style units, each approximately 1,688 square feet. These well-designed units offer features typically found in single-fam¬ily homes, including private dual-car garages, additional open parking, in-unit washer/dryer hookups, gated entry, and private patios or balconies. Each unit also includes a generous loft space, providing additional living flexibility and enhancing tenant appeal. All units are individually metered for elec¬tricity, water, and gas and include central HVAC systems and individual water heaters, reducing utility costs and simplifying property management. The property currently generates $142,380 in gross annual income, or $11,865 per month, with a current Gross Rent Multiplier (GRM) of 16.15 and clear potential for rental upside through strategic renovations and repositioning. Recent capital improvements include a new roof on one of the two buildings for Camille (2023), two new water heaters, and updated flooring, reflecting continued investment and pride of ownership. Ideally located less than 1.3 miles from Willowick Golf Course, 2.4 miles from Santa Ana College, and under 5 miles from South Coast Plaza, the property appeals to a broad tenant base, including families, professionals, and students. Its proximity to major transportation corridors, including I-405 and CA-22, offers convenient access to key employment centers throughout Orange and Los Angeles Counties. Combining strong in-place income, modern amenities, and a premium location, 3711 West Camille Street represents a compelling opportunity for investors seeking both current cash flow and long-term growth.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (8 Listings)
Beds00
Baths00
Square foot6,7522,450
89%
Lot Size13,9396,970
78%
Price$2.3M$1.5M
89%
Price per square foot$341$486
22%
Built year19901964
89%
HOA
Days on market168178
44%
Condition Rating
Fair

The property was built in 1990. The description mentions some recent capital improvements like a new roof on one building (2023), two new water heaters, and updated flooring. However, the kitchen in the provided image appears dated with older appliances and cabinet styles. The bathroom is not shown. Given the age and the partial updates, a 'Fair' condition score is appropriate. It needs minor updates.
Pros & Cons

Pros

Spacious Units: Each of the four units is a large, three-bedroom townhome-style layout, approximately 1,688 square feet, appealing to families and offering comfortable living spaces.
Individual Utilities: All units are individually metered for electricity, water, and gas, simplifying property management and reducing overall utility costs for the landlord.
In-Unit Amenities: Each unit includes desirable amenities such as private dual-car garages, in-unit washer/dryer hookups, and private patios or balconies, enhancing tenant appeal.
Prime Location: Located in the desirable Santa Anita neighborhood of Santa Ana, with close proximity to Willowick Golf Course, Santa Ana College, and South Coast Plaza, attracting a broad tenant base.
Value Add Potential: Clear potential for rental upside through strategic renovations and repositioning, offering investors the opportunity to increase income.

Cons

High GRM: The current Gross Rent Multiplier (GRM) of 16.15 may be considered high, indicating a potentially lower immediate return on investment compared to other properties.
Original List Price Reduction: The property has experienced a price reduction from its original list price, which could indicate challenges in attracting buyers at the initial valuation.
Potential Renovation Costs: While there's potential for rental upside through renovations, this also implies that additional capital expenditure will be required to achieve higher rental rates.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State