626 E 3rd St, Santa Ana, CA — $1,275,000 | SoCal Realty & Investments

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About this home

We are pleased to present the opportunity to acquire a turnkey investment property located at 626 E. 3rd St. in Santa Ana. The property consists of four (4) fully updated one-bedroom one-bathroom units that have undergone significant interior and exterior renovations by the current owner. Property upgrades include new appliances, flooring, kitchens, bathrooms, doors, double-pane windows, paint, and A/C units, all of which have been completed to code. A new owner will benefit from all units currently achieving market rents in addition to a recent rental increase for two units, allowing for ease of management and future annual rental increases in accordance with the City of Santa Ana rent control guidelines. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. The property exudes pride of ownership and is ideally situated within walking distance of Downtown Santa Ana. The asset also benefits from a large 6,141 SF lot and is zoned SD-84, which may allow for the addition of more units to the site - buyer to verify with the City of Santa Ana. Additionally, the property is conveniently located near public transportation, including Amtrak and Metrolink stations nearby. Residents are within walking distance to numerous downtown amenities, including 4th Street Market, The Copper Door, The Yost Theater, The Frida Cinema, Santa Ana Zoo, Main Place Mall, Riverview Golf Course, along with a variety of restaurants, entertainment, and nightlife destinations. The property also offers convenient access to the 5, 55, and 22 freeways, providing an easy commute throughout Orange County and surrounding areas.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$830,000 · May 2023

📋 Assessed value$743,886

💵 Annual tax$9,437

🏫 School districtSanta Ana Unified School District

MLS #PW26115970MR

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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VA loan (no PMI)

Estimated total monthly payment

$7,988

Principal & interest$6,447

Property tax$1,169

Home insurance$372

Down payment: $255,000Loan: $1,020,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.