702 N Gunther, Santa Ana, California 92703, Santa Ana, - bed, bath
ACTIVE$749,788
702 N Gunther, Santa Ana, California 92703
0Bed
0Bath
1,470Sqft
6,098Lot
Year Built
1948
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25215568
Home ConditionPoor
Features
View-
About this home
Welcome to 702 – 702 ½ N Gunther, a rare opportunity to own two separate homes on a generous 6,100 sq ft lot. The front unit features 3 bedrooms and 1 bathroom, while the rear unit offers 2 bedrooms and 1 bathroom—each with its own private laundry area, water heater, gas meter, and electric panel for complete independence. Whether you're looking for a multi-generational living setup, rental income, or a smart investment, this property delivers flexibility and functionality in one package. With ample outdoor space and a prime location near local amenities, this is a versatile gem you won’t want to miss.
Price History
Date
Event
Price
09/11/25
Listing
$749,788
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,470 | 1,544 | 38% |
| Lot Size | 6,098 | 6,191 | 50% |
| Price | $750K | $870K | 25% |
| Price per square foot | $510 | $557.5 | 50% |
| Built year | 1948 | 9740977 | 50% |
| HOA | |||
| Days on market | 55 | 134 | 13% |
Condition Rating
Poor
Built in 1948, this property is 76 years old with no mention of significant renovations in the listing description. The aerial images reveal an aged exterior and older roofs, suggesting the property has not undergone recent major updates. Without interior photos, particularly of the kitchen and bathrooms, it is highly probable that these critical areas are severely outdated, potentially original, or renovated decades ago, requiring complete overhaul. Major systems (electrical, plumbing, and any existing HVAC) are likely very old and would require substantial upgrades for safety, efficiency, and modern living standards. The property likely requires significant repairs and rehabilitation to meet current quality standards and comfort expectations, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: The property is explicitly designed as a duplex, offering immediate potential for rental income from two separate units, making it an attractive investment opportunity.
Independent Unit Utilities: Each unit benefits from its own private laundry area, water heater, gas meter, and electric panel, ensuring complete independence and simplifying tenant management.
Multi-Generational Living Potential: The two distinct units provide an ideal setup for multi-generational families seeking separate living spaces while remaining on the same property.
Generous Lot Size: A substantial 6,100 sq ft lot offers ample outdoor space for recreation, gardening, or potential future expansion (subject to local zoning regulations).
Versatile Investment Opportunity: This property offers flexibility for various ownership strategies, including full rental, owner-occupancy with rental income, or a long-term investment in a desirable area.
Cons
Property Age (1948): Built in 1948, the property is likely to have older systems (plumbing, electrical) and finishes, potentially requiring significant capital expenditure for modernization and deferred maintenance.
Compact Unit Sizes: With 1470 sq ft split between a 3-bedroom and a 2-bedroom unit, the individual living spaces are likely to be relatively small, which could limit appeal to tenants or buyers seeking more spacious accommodations.
Lack of Renovation Details: The description does not specify any recent upgrades or renovations, suggesting the property may be in original or dated condition, necessitating immediate investment for aesthetic and functional improvements.