421 S Broadway, Santa Ana, California 92701, Santa Ana, - bed, bath
ACTIVE$775,000
421 S Broadway, Santa Ana, California 92701
0Bed
0Bath
1,660Sqft
6,098Lot
Year Built
1919
Close
-
List price
$775K
Original List price
$925K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24156818
Home ConditionFair
Features
View-
About this home
This turnkey duplex has seasoned tenants who who wish to continue their lease. The front unit is 1 bed 1 bath, and the rear unit is 2 beds 2 baths. All 3 bathrooms were renovated last year. The rear tenant is a licensed general contractor so he can take care of any maintenance items quick and easy. For the seller, ownership has been virtually hassle free. The detached 2 car garage has electrical, water, and sewer lines - good for ADU conversion. Lots of upside in proforma rent as well as possible ADU play for seasoned investors. 4 parking spots on site, minutes to shopping, freeways, and schools, including Santa Ana College, Main Place Mall, The Block at Orange, and CHOC Hospital. Recent appraisal supports asking price.
Nearby schools
3/10
Lowell Elementary School
Public,•K-5•0.5mi
4/10
Pio Pico Elementary School
Public,•K-5•0.6mi
3/10
Martin R. Heninger Elementary School
Public,•K-8•0.2mi
2/10
Julia C. Lathrop Intermediate School
Public,•6-8•0.5mi
2/10
Willard Intermediate School
Public,•5-8•1.1mi
3/10
Santa Ana High School
Public,•9-12•0.4mi
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (9 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,660 | 1,644 | 50% |
| Lot Size | 6,098 | 6,388 | 30% |
| Price | $775K | $848K | 10% |
| Price per square foot | $467 | $497 | 40% |
| Built year | 1919 | 9595962 | 50% |
| HOA | |||
| Days on market | 462 | 216 | 90% |
Condition Rating
Fair
The property was built in 1919. The listing states that all 3 bathrooms were renovated last year. The images show renovated bathrooms with modern fixtures and finishes. However, the kitchen is not shown, and the overall condition of the property is not clear from the images. Given the age of the property and the limited information, a 'Fair' score is appropriate, assuming the rest of the property is aged but maintained.
Pros & Cons
Pros
Income Potential: Turnkey duplex with existing tenants provides immediate rental income.
ADU Potential: Detached 2-car garage with utilities offers excellent ADU conversion possibilities.
Recent Renovations: All 3 bathrooms were renovated last year, reducing immediate maintenance concerns.
Convenient Location: Close proximity to shopping, freeways, schools (including Santa Ana College), Main Place Mall, The Block at Orange, and CHOC Hospital.
Hassle-Free Ownership: Current tenant is a licensed general contractor, simplifying maintenance and repairs.
Cons
Year Built: Property was built in 1919, potentially requiring more frequent maintenance and updates compared to newer constructions.
Original List Price Reduction: The property has undergone a price reduction from its original list price, which may indicate market resistance or perceived issues.
Limited Parking: Only 4 parking spots are available on site, which may be insufficient depending on tenant needs and ADU development.