450 E 4th Street 240, Santa Ana, California 92701, Santa Ana, - bed, bath
ACTIVE$479,000
450 E 4th Street 240, Santa Ana, California 92701
0Bed
0Bath
Sqft
122,149Lot
Year Built
1989
Close
-
List price
$479K
Original List price
$479K
Price/Sqft
-
HOA
$492.91
Days on market
-
Sold On
-
MLS number
PW25167161
Home ConditionFair
Features
Good View: Courtyard, Pool
Pool
ViewCourtyard, Pool
About this home
Calling ALL investors! Lovely family long term tenants never been late living in this unit would love to stay in the unit as is! This unit consist of 3 beds 2 baths condominium on the 2nd floor of the Spectrum Condominium overlooking the community's pool. Conveniently located walking distance to Santa Ana's downtown with all the restaurants, shops, and entertainment to enjoy. Great commute access to the 5 and 55 freeways.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (50 Listings) | |
|---|---|---|---|
| Beds | 0 | 2 | |
| Baths | 0 | 1 | |
| Square foot | 0 | 833 | |
| Lot Size | 122,149 | 208,289 | 33% |
| Price | $479K | $390K | 73% |
| Price per square foot | $0 | $502 | |
| Built year | 1989 | 1976 | 80% |
| HOA | $492.91 | $420 | 80% |
| Days on market | 99 | 153 | 16% |
Condition Rating
Fair
The property was built in 1989. The images show a maintained but somewhat dated interior. The kitchen and bathrooms appear functional but not recently renovated. The overall condition suggests regular upkeep but no major modernizations, fitting the 'Fair' category.
Pros & Cons
Pros
Investment Opportunity: The property is marketed towards investors with long-term tenants already in place, providing immediate rental income.
Tenant Stability: The current tenants have a history of consistent on-time payments and express a desire to remain in the unit.
Location: The condominium is conveniently located within walking distance of downtown Santa Ana, offering access to restaurants, shops, and entertainment.
Commute Access: The property provides easy access to the 5 and 55 freeways, facilitating convenient commuting.
Community Amenities: The unit overlooks the community pool, offering a desirable amenity for residents.
Cons
Second Floor Unit: Being on the second floor might be a drawback for buyers seeking ground-level access or those with mobility concerns.
Year Built: Built in 1989, the property may require updates to meet modern standards and preferences.
Association Fees: The monthly association fee of $492.91 could be a deterrent for some buyers, impacting affordability.