515 W Mcfadden Avenue, Santa Ana, California 92707, Santa Ana, - bed, bath
ACTIVE$549,000
515 W Mcfadden Avenue, Santa Ana, California 92707
3Beds
3Baths
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
PW25177051
Home ConditionPoor
Features
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
| Subject | Average Home | Neighbourhood Ranking (12 Listings) | |
|---|---|---|---|
| Beds | 3 | 0 | 0% |
| Baths | 3 | 0 | 23% |
| Square foot | 1,742 | 2,625 | 31% |
| Lot Size | 7,148 | 7,148 | 50% |
| Price | $549K | $1.13M | 8% |
| Price per square foot | $315 | $430 | 15% |
| Built year | 1922 | 1958 | 15% |
| HOA | |||
| Days on market | 91 | 138 | 31% |
Condition Rating
Poor
Built in 1922, this property is over 100 years old. While some cosmetic updates like windows and laminate flooring are visible, the overall condition appears dated with old tile and vertical blinds. Crucially, there are no images of the kitchen or bathrooms, strongly suggesting these critical areas are original or very outdated and in need of substantial renovation. The exterior shows poor maintenance. A property of this age, without clear evidence of comprehensive system overhauls (plumbing, electrical, HVAC, roof, foundation), will almost certainly require significant repairs and rehabilitation to meet modern standards and ensure long-term functionality.
Pros & Cons
Pros
Income-Generating Duplex: The property consists of two distinct units (2B/2B and 1B/1B), providing diversified rental income streams, ideal for an investor.
Investment Opportunity: Explicitly marketed as an 'Excellent Investment Opportunity' for expanding a real estate portfolio, highlighting its potential for returns.
Prime Santa Ana Location: Situated 'in the heart of Santa Ana,' suggesting a central and potentially high-demand rental market with good accessibility.
Individual Garages: Each unit benefits from its own attached single-car garage, a valuable amenity for tenants providing parking and storage.
Affordable Price Point: Listed at $549,000 for a duplex in Santa Ana, it presents a relatively accessible entry point for an income property in Southern California.
Cons
Advanced Age of Property: Built in 1922, the property is over 100 years old, indicating a high likelihood of needing significant capital expenditures for system upgrades and deferred maintenance.
Occupant Disturbance Restriction: The 'DO NOT DISTURB THE OCCUPANT' directive severely limits buyer access for showings and thorough inspections, complicating due diligence and potentially deterring buyers.
Back Unit Alley-Facing: The smaller, secondary unit is described as 'facing the alley,' which may be less desirable than a street-facing unit due to potential noise, privacy, or aesthetic concerns.