803 S Sullivan Street, Santa Ana, California 92704, Santa Ana, - bed, bath

home-pic
ACTIVE$3,850,000
803 S Sullivan Street, Santa Ana, California 92704
8Beds
6Baths
4,200Sqft
63,346Lot
Year Built
1954
Close
-
List price
$3.85M
Original List price
$4.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25123019
Home ConditionTear down
Features
Patio
View-

About this home

Welcome, investors and developers! It is challenging to find the big land in Orange County , which spans 1.45 acres plus two existing properties. The proposed plan has been submitted to the city of Santa Ana , and it is feasible to construct multiple unites. Don't hold until it's unavailable !

Price History

Date
Event
Price
10/08/25
Price Change
$3,850,000
06/12/25
Listing
$4,100,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (72 Listings)
Beds84
99%
Baths62
96%
Square foot4,2001,490
99%
Lot Size63,3466,104
99%
Price$3.85M$937K
99%
Price per square foot$917$640
99%
Built year19541963
10%
HOA
Days on market145152
44%
Condition Rating
Tear down

The property was built in 1954, making it over 50 years old. The listing description explicitly targets investors and developers, emphasizing the large land size and potential for constructing multiple units, which strongly suggests the existing structures are not the primary value. The absence of any interior photos, particularly of the kitchen and bathrooms, combined with the visible exterior deterioration (peeling paint, old windows, cluttered surroundings), indicates that the current buildings are likely unlivable or require extensive, uneconomical repairs, aligning with a tear-down scenario where the value is in the land.
Pros & Cons

Pros

Exceptional Land Size: The property boasts a rare 1.45-acre (63,346 sqft) lot in Orange County, providing significant space for large-scale development.
High Development Potential: Explicitly marketed for investors and developers, with a proposed plan submitted to the city for constructing multiple units, indicating strong future value.
Strategic Investor Appeal: The listing directly targets investors and developers, highlighting its suitability for large-scale projects and maximizing return on investment.
Existing Structures for Immediate Use: Includes two existing properties totaling 8 beds, 6 baths, and 4200 sqft, offering potential for immediate rental income or on-site housing during development.
Prime Orange County Location: Located in Santa Ana, a central city within Orange County, benefiting from strong market demand, accessibility, and urban amenities.

Cons

Development Approval Risk: While plans are submitted, the city approval process for multi-unit development can be lengthy, complex, and subject to changes, introducing uncertainty and potential delays.
Outdated Existing Structures: Built in 1954, the current properties are likely outdated and would require substantial investment for renovation or demolition, increasing overall project costs.
Absence of Scenic Views: The property explicitly states 'view: None,' which could be a drawback for future residential units and impact market appeal compared to properties with desirable vistas.

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