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    3500 S Greenville St Santa Ana, CA 92704

    View on Map
    Sponsored
    For Sale
    $599,000

    Condominium - Santa Ana, CA

    Type:Condominium
    Property size:
    907 SF
    Lot size:
    200,445.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 5 at 7:06 am

    Property Features for 3500 S Greenville St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Condominium
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Kitchen, Laundry, Living Room
    Bedrooms
    2
    Bathrooms
    2
    APN
    93513337
    Parking
    2
    Parking features
    Garage
    Interior features
    Balcony, Unfurnished, Living Room Balcony, Cathedral Ceiling(s)
    Exterior features
    Community Features Included: Sidewalks, 0-1 Unit/Acre
    Appliances
    Range, Range - Gas, Refrigerator
    Size
    907 SF
    Lot size
    200,445.00 Acres

    Taxes and HOA fees

    Expense value
    544.15002441406
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Floors in Building
    3
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Daniel DeForest

    First Team Real Estate (949) 988-3000

    Listing agent Daniel DeForest (949) 988-3000 License #02003121

    Listing date Mar 4, 2026

    MLS# PW26047519 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Santa Ana Condominium with Suites

    Located in the Chelsea Court community of Santa Ana, this well-maintained condominium features 2 bedrooms and 2 bathrooms. The layout includes two spacious primary suites, suitable for flexible living arrangements or income potential. Cathedral ceilings enhance the open feel of the main living areas. The kitchen provides ample storage and workspace. A balcony off the rear bedroom offers indoor-outdoor versatility. The property includes dual stair entrances, a detached garage and carport, in-unit washer and dryer, and an AC unit. Community improvements include newer roof replacements. Chelsea Court offers grounds and convenient access to shopping, dining, and major freeways. The property is 907 square feet and sits on a 4.601584022038567-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chelsea Court Condominium ... Condominium Complex Magebuild Marketing & Advertising

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.904725
    Latitude
    33.700941

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    FAQs

    What type of property is this?
    Residential income property - Well-maintained 2-bedroom, 2-bath condominium in desirable Santa Ana community.
    Where is this residential income property located?
    The property is located at 3500 S Greenville St Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Two spacious primary suites offer flexible living arrangements or income potential.; - Desirable Chelsea Court community in Santa Ana with convenient access to shopping, dining, and freeways.; - Includes a detached garage and carport for ample parking.
    (714) 362-7192
    Request Owner's contact information
    3500 S Greenville St Santa Ana, CA 92704
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    Santa Ana, CA 92704
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3500 S Greenville St Santa Ana, CA 92704
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    We can help!
    Listing Contact
    Daniel DeForest
    Real Estate License ID: 02003121
    (714) 362-7192 (949) 988-3000
    Learn more
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