932 Fairway Drive, Santa Ana, California 92703, Santa Ana, - bed, bath
ACTIVE$799,900
932 Fairway Drive, Santa Ana, California 92703
0Bed
0Bath
1,941Sqft
8,712Lot
Year Built
1930
Close
-
List price
$800K
Original List price
$850K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25215600
Home ConditionPoor
Features
View-
About this home
Great opportunity for savvy investors—welcome to 932 Fairway Dr, a versatile duplex with strong income potential in Santa Ana. The front unit offers 2 spacious bedrooms and 1 full bath, while the rear unit features 2 bedrooms, 1 bath, plus 2 additional unpermitted rooms that could serve as extra storage, office space, or guest quarters. The property sits on a generous lot with ample parking and is conveniently located near schools, parks, churches, shopping centers, and major freeways, making it highly desirable for tenants. With solid bones and flexible layout options, this is a value-add opportunity for those looking to renovate, expand, or hold for long-term rental income.
Price History
Date
Event
Price
10/23/25
Price Change
$799,900-5.9%
09/11/25
Listing
$849,888
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,941 | 1,702 | 75% |
| Lot Size | 8,712 | 6,845 | 75% |
| Price | $800K | $882K | 50% |
| Price per square foot | $412 | $551.5 | 25% |
| Built year | 1930 | 9725977 | 38% |
| HOA | |||
| Days on market | 54 | 133 | 13% |
Condition Rating
Poor
Built in 1930, this property is explicitly marketed as a 'value-add opportunity for those looking to renovate, expand.' While the description mentions 'solid bones,' the age and the call for renovation strongly suggest that major systems, kitchen, and bathrooms are outdated and require substantial repairs and rehabilitation. The single exterior image shows a dated facade with security bars and minimal landscaping, reinforcing the need for extensive updates to bring it to modern standards. Without interior photos, it's safe to assume the interior components align with the property's age and the 'renovate' directive.
Pros & Cons
Pros
Strong Income Potential: As a versatile duplex, the property offers significant rental income potential, appealing to investors seeking cash flow.
Value-Add Opportunity: Explicitly positioned for renovation, expansion, or long-term hold, allowing investors to increase equity and maximize returns.
Generous Lot Size: The substantial 8,712 sqft lot provides ample parking and potential for future expansion or landscaping enhancements.
Desirable Tenant Location: Conveniently situated near schools, parks, shopping centers, and major freeways, ensuring high tenant demand and retention.
Flexible Unit Layouts: The rear unit's additional unpermitted rooms offer versatile space for storage, office, or guest use, enhancing tenant appeal and utility.
Cons
Unpermitted Rooms: The presence of two unpermitted rooms in the rear unit poses potential legal and permitting challenges, requiring future owner attention.
Age of Property: Built in 1930, the property likely requires substantial updates to its systems (plumbing, electrical) and aesthetics, incurring significant renovation costs.
Requires Significant Capital Investment: Positioned as a 'value-add' opportunity, it necessitates considerable upfront capital for renovations and potential legalization of unpermitted spaces.