Craftsman Triplex with
831 French St Santa Ana, CA 92701
For Sale
$849,000
Three-unit Craftsman triplex with basement, front porch, and updated electrical—well-suited for owner-users or rental operators.
Property Size2,064 SF
Price / SF$411.34
Days on Market55
Property Features for 831 French St
General Information
- Standard status
- Active
- Size
- 2,064 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1911
Listing Agency:
Advance Realty
(714) 647-9374
Listed By:
Patricia Garcia-Velasquez · License #01032273
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 27 at 3:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Advance Realty
Investment Insights
Based on property information with market context.
Welcome to the Gowdy House, a classic Craftsman triplex featuring three separate units within a historic property. Unit A is a ground-level residence with approximately 1,027 square feet (buyer to verify), offering 2 bedrooms with a Jack-and-Jill layout, 1 1/4 baths, a formal living room, a dining area with built-in buffet, plus a separate laundry room and pantry. Unit B is located upstairs with approximately 725 square feet (buyer to verify), configured as a 1-bedroom, 1-bath, with reported potential to create a second bedroom. Unit C is a downstairs studio unit with approximately 312 square feet (buyer to verify). The property includes a welcoming front porch, a basement for storage or potential use, and a detached rear storage structure that may offer ADU conversion potential (buyer to verify with the City). Recent updates include an updated electrical panel and subpanel.
The property is designated as a contributive property on Santa Ana’s Historic Properties list, and buyers can check for possible qualification for the Mills Act.
This is a fixer property offering a practical live-in-or-rent configuration, with multiple units for rental income. It may also appeal to buyers interested in further improvements and the possibility of expanding uses through ADU conversion, subject to City verification.
The property is designated as a contributive property on Santa Ana’s Historic Properties list, and buyers can check for possible qualification for the Mills Act.
This is a fixer property offering a practical live-in-or-rent configuration, with multiple units for rental income. It may also appeal to buyers interested in further improvements and the possibility of expanding uses through ADU conversion, subject to City verification.
Key Highlights
- Classic Craftsman triplex built in 1911 in Santa Ana’s Historic French Park neighborhood
- 3 units: Unit A (ground‑level, ~1,027 SF, 2 bed/1.25 bath) plus Unit B (~725 SF, 1 bed/1 bath) and Unit C (~312 SF studio)
- Unit A includes a Jack‑and‑Jill bed layout, formal living room, dining area with built‑in buffet, plus separate laundry room and pantry
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.9k | $32.40 |
| − Vacancy | −$3.0k | −$1.46 |
| EGI | $63.9k | $30.94 |
| − OpEx | −$19.2k | −$9.28 |
| NOI | $44.7k | $21.66 |
2,064 SF · lease $32.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.6K
$558.8K – $745.1K
NOI $44,705 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$586.0K
$512.8K – $683.7K
NOI $41,022 @ 7.0% cap · market cap 4.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit Craftsman triplex with basement, front porch, and updated electrical—well-suited for owner-users or rental operators.
Where is this triplex located?
The property is located at 831 French St Santa Ana, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Classic Craftsman triplex built in 1911 in Santa Ana’s Historic French Park neighborhood; 3 units: Unit A (ground‑level, ~1,027 SF, 2 bed/1.25 bath) plus Unit B (~725 SF, 1 bed/1 bath) and Unit C (~312 SF studio); Unit A includes a Jack‑and‑Jill bed layout, formal living room, dining area with built‑in buffet, plus separate laundry room and pantry
