2516 S Baker St, Santa Ana, CA 92707
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2516 S Baker St Santa Ana, CA 92707

$1,535,000 Sold Price as of 11/03/2023
  • 8 Beds
  • 4 Baths
  • 3,500 Sq.Ft.
Sold
$1,535,000 Sold Price as of 11/03/2023 Refinance Your Mortgage

Map preview of 2516 S Baker St, Santa Ana, CA 92707

Property Overview: 2516 S Baker St Santa Ana, CA has 8 bedrooms, 4 bathrooms, 3,500 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Introducing an extraordinary opportunity: an exclusive 4-unit multi-family investment nestled in the heart of Santa Ana, boasting an attractive 5% Cap rate. Experience a blend of excellence with (4) 2 Bed/1 Bath units, offering a total of 3,500 square feet of rentable space. Enhancing the allure, each tenant enjoys the luxury of a private 1-car garage, while Unit A & B offer their own secluded backyard/patio retreats. Recent light renovations have graced each unit, infusing a touch of modernity and revitalization. Elevating convenience, every unit is individually equipped with gas and electricity meters. Commanding a prime position on an expansive 6098 square foot lot, this property enjoys a coveted location within a mile of South Coast Metro and the central artery of Orange County's freeway network. This facilitates direct routes to Los Angeles, San Diego, and the Inland Empire. Notably, the property's accessibility is exceptional: a mere (5) minutes from John Wayne Airport, (45) minutes from LAX, and just (60) minutes from San Diego.

Listed by Shelly Kay Hilliard | BRE #01968101 | Coldwell Banker Realty
Last checked: 2 minutes ago | Last updated: November 5th, 2023 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1958
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC23158196
City
Santa Ana
County
Orange
Time on Site
296 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,230
  • Total Rent: $2,230
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $108,960
  • Net Operating Income: $82,930
  • Gross Operating Income: $108,030
  • Vacancy Allowance: $930
Annual Expense Breakdown
  • Total Operating Expense: $25,100
  • New Taxes: $16,000
  • Trash: $2,000
  • Gardener: $400
  • Insurance: $2,000
  • Maintenance: $4,000
  • Water/Sewer: $700

Property Details for 2516 S Baker St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • Kitchen, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Granite Counters, Open Floorplan, Tile Counters
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Asbestos Shingle
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage Faces Rear, Garage - Single Door
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 41040104
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Rosewood Baker
  • Directions: One Block S. of Bristol
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

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Sale History for 2516 S Baker St

Last sold for $1,535,000 on November 3rd, 2023
  • November, 2023

  • Nov 3, 2023

    Date

    Sold

    CRMLS: OC23158196

    $1,535,000

    Price

  • Aug 27, 2023

    Date

    Active

    CRMLS: OC23158196

    $1,600,000

    Price

  • May, 2023

  • May 2, 2023

    Date

    Expired

    CRMLS: OC23003086

    $2,300

    Price

  • Jan 6, 2023

    Date

    Active

    CRMLS: OC23003086

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Great Location! Close to South Coast Plaza, 2-bedroom, 1-bath apartment with nice up-grades. Low-maintenance floors are a combination of tile and laminate. Open kitchen with breakfast bar, granite counter tops and gas range. Stackable washer and dryer included and a 1-car garage. Close to the 5, 55 and 405 freeways, and minutes away from transportation, sports, dining, recreation and entertainment including John Wayne Airport, Orange Coast College, South Coast Plaza, Angel Stadium, etc, etc......

  • September, 2002

  • Sep 3, 2002

    Date

    Sold (Public Records)

    Public Records

    $320,000

    Price

  • August, 1993

  • Aug 24, 1993

    Date

    Sold (Public Records)

    Public Records

    $50,000

    Price

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Tax History for 2516 S Baker St

Assessed Value (2020): $414,131
Year Land Value Improved Value Assessed Value
2020 $289,892 $124,239 $414,131

Home Value Compared to the Market

This property vs the competition

2516 S Baker St sold on November 3, 2023 for 84.12% higher than the current median sold price for the city of Santa Ana which is $869,000. The median sold price per/sqft for Santa Ana is $609 and this home is sold at $457.14 per/sqft which puts the price per square foot 24.94% lower than the current median sale per square foot for the city of Santa Ana.

About 2516 S Baker St

Detailed summary of property

2516 S Baker St is a fourplex that recently sold in Santa Ana, CA 92707. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,500 living square feet, and sits on an approximately 6,098 square foot lot. 2516 S Baker St was first listed on ArdentRealEstateGroup.com on August 28, 2023. The homeowner sold the property for $1,535,000. Home in Santa Ana are selling for a median price of $869,000 and a median price per square foot of $609. Based on Ardent Real Estate Group's Santa Ana Market Data, this home is sold 84.12% higher than the current median priced home. Local homes that are currently for sale include 420 S Melrose St, 0 chestnut and 715 California. While the average home in Santa Ana, CA is selling in 56 days, 2516 S Baker St has a days on market of 36 days. There are currently 237 homes for sale in the Santa Ana real estate market and 133 of them are single family homes while 92 of them are condos and 11 are townhomes. For more information on this home for sale at 2516 S Baker St Santa Ana, CA 92707 contact Ardent Real Estate Group and we will put you in touch with one of our Santa Ana agents.

Public Facts for 2516 S Baker St

Public county record property details
Beds
--
Baths
--
Year built
1958
Sq. Ft.
3,501
Lot Size
5,667
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
54
APN
410-401-04

The source for these homes facts are from public records.

92707 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$514,900
Median List Price/Sq.Ft.
$607
Median Sold Price
$705,000
Median Sold Price/Sq.Ft.
$629
Total Inventory
32
Median Sale to List Price %
102.17%
Avg Days on Market
16
Loan Type
Conventional (33.33%), FHA (6.67%), VA (0%), Cash (33.33%), Other (26.67%)

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Related Resources to 2516 S Baker St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.