515 W Mcfadden Avenue, Santa Ana, California 92707, Santa Ana, - bed, bath

home-pic
ACTIVE$549,000
515 W Mcfadden Avenue, Santa Ana, California 92707
0Bed
0Bath
1,742Sqft
7,148Lot
Year Built
1922
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25177032
Home ConditionPoor
Features
Patio
View-

About this home

Excellent Investment Opportunity located in the heart of Santa Ana. 515 and 517 W. McFadden Ave. would be perfect for someone looking to add to their real estate portfolio. 517 W. McFadden Ave. (Front House) is a 2 Bedroom, 2 Bath home with 1,190 Sq. Ft. of living space. 515 W. McFadden Ave (Back House, facing the alley) is a 1 Bedroom, 1 Bathroom home with 552 sq. ft. of living space. Each unit has its own attached single car garage. DO NOT DISTURB THE OCCUPANT.

Price History

Date
Event
Price
08/06/25
Listing
$549,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds00
Baths00
Square foot1,7422,625
31%
Lot Size7,1487,148
50%
Price$549K$1.13M
8%
Price per square foot$315$430
15%
Built year19221958
15%
HOA
Days on market91138
31%
Condition Rating
Poor

Built in 1922, this property is over 100 years old. While occupied, the visible interior features like popcorn ceilings, dated tile flooring, and older light fixtures suggest any renovations were piecemeal and likely occurred 30-50+ years ago. The exterior shows signs of deferred maintenance, including a dry yard and worn siding. Crucially, no images of the kitchen or bathrooms are provided, but given the property's age and the condition of other visible areas, these key spaces are highly likely to be very dated and require substantial rehabilitation. Bringing this property up to modern standards of safety, comfort, and aesthetics would necessitate significant investment in major systems and interior finishes, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Strong Investment Opportunity: Positioned as an 'Excellent Investment Opportunity' ideal for portfolio expansion, leveraging its duplex configuration for immediate income generation.
Income-Generating Duplex: Features two distinct units (2 bed/2 bath and 1 bed/1 bath) providing diversified rental income streams and enhanced cash flow potential.
Individual Garages for Each Unit: A valuable amenity, each unit includes its own attached single-car garage, increasing tenant appeal and convenience.
Central Santa Ana Location: Situated 'in the heart of Santa Ana,' offering convenient access to local amenities, transportation, and a strong rental market.
Generous Lot Size: The 7,148 sq ft lot provides ample space, potentially allowing for outdoor living areas or future expansion opportunities (e.g., ADU, subject to zoning).

Cons

Advanced Age of Property: Built in 1922, the property is over a century old, suggesting a high likelihood of requiring significant capital expenditures for system upgrades (plumbing, electrical) and general modernization.
Occupied Units & Restricted Access: The 'DO NOT DISTURB THE OCCUPANT' directive indicates limited access for showings and inspections, potentially hindering thorough buyer due diligence and complicating the sales process.
Potential for Deferred Maintenance/Outdated Interiors: Given its age and investment focus, the property likely requires substantial interior renovations and updates to meet current market expectations and maximize rental income.

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