1609 North Parsons Pl, Santa Ana, CA 92703
1609 North Parsons Pl, Santa Ana, CA 92703
Property Description
Rare Orange County investment opportunity featuring 7 separate residential units with approximately $9,650/month in current rental income and strong long term income potential. Located in Santa Ana near the highly desirable Little Saigon community, this unique income producing property offers investors the opportunity to acquire a diversified rental asset in one of Southern California's strongest rental markets. Property highlights include: • 7 separate residential units • 11 bedrooms and 8 bathrooms • Approximately $9,650/month current rental income • Over $115,000 annual gross rental income • Large 7,840+ sq ft lot • Multiple parking spaces • Established rental history • Strong tenant demand area. The property provides an excellent opportunity for investors looking for immediate rental income, portfolio expansion, and long term appreciation in Orange County. Conveniently located near Little Saigon, Westminster, Garden Grove, Anaheim, Downtown Santa Ana, shopping centers, restaurants, employment hubs, schools, churches, temples, and major freeways. Whether you are an experienced investor seeking additional cash flow or looking to acquire a valuable Orange County income producing asset, this rare 7 unit property presents an exceptional opportunity. Schedule your private tour today.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Santa Ana · Single Family Residence
Listed 4.5% below the median closed sale of $1,388,000. Price per sqft ($390) is a 11% discount to closed comps ($436). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 12265 Circula Panorama | Santa Ana | 1975 | 6 | 3 | 3,141 | 6,615 | $729 | $2.29M | 92 | 71 |
| 18772 Winnwood | Santa Ana | 1977 | 4 | 3 | 3,563 | 9,900 | $491 | $1.75M | 8 | 69 |
| 1042 Mcfadden Avenue | Santa Ana | 2006 | 5 | 4 | 3,649 | 10,000 | $351 | $1.28M | 57 | 67 |
| 14141 Clarissa Lane | Santa Ana | 1964 | 4 | 3 | 3,084 | 10,904 | $712 | $2.19M | 7 | 66 |
| 13692 Jenet | Santa Ana | 1966 | 5 | 3 | 3,640 | 11,700 | $687 | $2.50M | 137 | 61 |
| Total: 5 · Average | 4.8 | 3.2 | 3,415.4 | 9,823.8 | $594 | $2.00M | 60.2 | |||
| Median | 3,563 | $2.19M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2850 Stone Pine | Santa Ana | 2006 | 06/30/2026 | 4 | 4 | 3,464 | 6,863 | $1.68M | $1.60M | $462 | 0.95 | 118 | 73 |
| 13791 Pasadena | Santa Ana | 1958 | 08/27/2026 | 4 | 4 | 2,533 | 8,100 | $1.27M | $1.26M | $497 | 0.99 | 96 | 71 |
| 1042 Mcfadden | Santa Ana | 1945 | 06/09/2026 | 5 | 4 | 3,649 | 10,000 | $1.10M | $1.00M | $274 | 0.91 | 73 | 70 |
| 2401 Avalon | Santa Ana | 1963 | 06/12/2026 | 5 | 3 | 2,563 | 7,200 | $1.39M | $1.39M | $542 | 1.00 | 101 | 68 |
| 3401 Lincoln Way | Santa Ana | 2007 | 08/27/2026 | 4 | 4 | 3,705 | 6,001 | $1.50M | $1.50M | $405 | 1.00 | 26 | 67 |
| Total: 5 · Average | 4.4 | 3.8 | 3,182.8 | 7,632.8 | $1.35M | $1.35M | $436 | — | 82.8 | ||||
| Median | 3,464 | $1.39M | $1.39M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.