626 E 3rd St Santa Ana, CA 92701
Lacy NeighborhoodEstimated payment $7,808/month
Highlights
- No HOA
- Landscaped
- Paved or Partially Paved Lot
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. DRIVE BY ONLY. Please do not disturb the tenants. Call Listing Agent.
Listing Agent
Greysteel California, Inc. Brokerage Phone: 9493079469 License #02062988 Listed on: 05/28/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 6,141 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Paved or Partially Paved Lot
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 1,740 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Driveway
- Assigned Parking
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 5 / B
- Tax Tract Number 520
- Assessor Parcel Number 39848210
- $1,109 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $110
- Fuel Expense $614
- Insurance Expense $2,175
- Maintenance Expense $1,200
- Trash Expense $629
- Water Sewer Expense $975
- New Taxes Expense $14,554
- Operating Expense $20,257
- Gross Income $93,600
- Net Operating Income $70,531
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,437 | $743,886 | $693,585 | $50,301 |
| 2024 | $9,188 | $729,300 | $679,985 | $49,315 |
| 2023 | $4,189 | $284,692 | $236,343 | $48,349 |
| 2022 | $4,130 | $279,110 | $231,709 | $47,401 |
| 2021 | $4,042 | $273,638 | $227,166 | $46,472 |
| 2020 | $4,040 | $270,833 | $224,837 | $45,996 |
| 2019 | $3,976 | $265,523 | $220,428 | $45,095 |
| 2018 | $3,843 | $260,317 | $216,106 | $44,211 |
| 2017 | $3,808 | $255,213 | $211,868 | $43,345 |
| 2016 | $3,738 | $250,209 | $207,713 | $42,496 |
| 2015 | $3,689 | $246,451 | $204,593 | $41,858 |
| 2014 | $3,623 | $241,624 | $200,585 | $41,039 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/28/2026 05/28/26 | For Sale | $1,300,000 | +81.8% | $747 / Sq Ft | |
| 05/23/2023 05/23/23 | Sold | $715,000 | -18.3% | $411 / Sq Ft | View Prior Sale |
| 04/21/2023 04/21/23 | Pending | -- | -- | -- | |
| 04/14/2023 04/14/23 | Price Changed | $875,000 | -7.9% | $503 / Sq Ft | |
| 03/09/2023 03/09/23 | For Sale | $950,000 | -- | $546 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $830,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Equity Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Equity Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $415,000 | New Conventional | |
| Closed | $455,000 | New Conventional | |
| Closed | $355,000 | Commercial | |
| Closed | $272,885 | Commercial | |
| Closed | $280,000 | Commercial | |
| Closed | $101,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26115970
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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