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1040 W 3rd St, Santa Ana, CA, 92703

2beds
2baths
1,076sqft
$749,000
$696price/sqft
$5,022/moest. monthly cost
$200,880/yrincome needed

About This Home

Opportunity awaits at 1040 W. 3rd Street in Santa Ana. This two-bedroom, two-bath home offers approximately 1,076 square feet of living space on an approximately 6,100-square-foot lot. The property presents an excellent opportunity for investors, contractors, or buyers ready to renovate and create a home of their own. A long driveway provides generous off-street parking and leads to a two-car garage. The spacious patio area includes an additional storage building, while the backyard offers further possibilities for future improvements. Centrally located near Downtown Santa Ana, the Civic Center, courthouse, City Hall, shopping, dining, schools, and major freeways. Nearby Angels Community Park offers a playground, basketball court, baseball field, and picnic areas. Bring your vision, and creativity to restore or reimagine this well-located property and unlock its full potential.

Getting Around

84
WalkingVery Walkable
51
TransitGood Transit
66
BikeBikeable

Schools

1/10
3/10
Santa Ana High SchoolGrades 9-120.4 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1910

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave
  • Laundry features: Electric Dryer Hookup,Gas Dryer Hookup

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 2

Features

  • Ceiling Fan(s),All Bedrooms Down
  • Fireplace features: None
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: None

Interior Area

  • Total interior livable area: 1,076 sqft

Kitchen

  • Features: Granite Counters

Property

Details

  • Parcel number: 40516309
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1 / front door
  • Pool features: None
  • Spa features: None
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 6,098 sqft
  • Features: Front Yard,Street Level

Parking

  • Total spaces: 2
  • Parking features: Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Orange County and California

Earthquake
Flood
Mud Landslide
Severe Storm
Snowstorm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,787$45,444
Home Insurance *$84$1,008
Property Taxes $753$9,036
Electricity $398$4,786
Total$5,022$60,264
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$172,182/yr
40% on housing$150,660/yr
45% on housing$133,920/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$696This listing

vs Other Active Listings

Avg $/sqft

ZIP 92703$393
Orange County$768

vs Homes Sold Last Month

Median $/sqft

ZIP 92703$631
Orange County$707

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-05Contingent$749,000
2026-08-01Listed for sale$749,000
2015-01-23Sold$400,000
2014-11-19Listed for sale$424,900
2014-09-23Sold$300,000
2014-07-23Price change$305,000
2014-06-18Listed for sale$335,000
2014-04-28Sold$27,670
2001-03-06Sold$230,000

For Sale by Agent

AgentJohn Russell
BrokeragePacific Sotheby's Int'l Realty

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