
Santa Ana, California 92701
This property presents a Strong Value Opportunity with a List Price of $349,000—positioned well below the $323,530 Fair Market Value by -7%. While the unit carries a Condition Rating of 4, requiring modernization of the kitchen and infrastructure, it offers a strategic entry point into the Santa Ana market. Its prime location near the OC Streetcar and Downtown provides high rental demand potential. This is a Buy-and-Hold Investor asset or a project for first-time buyers seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1001 French Subject 1 bd · 1 ba · 599 sqft · $493 | $269,900* List Price | 1 | 1 | 599 | $493 | - |
A 450 E 4th Street 319 Sold 2 bd · 2 ba · 829 sqft · $446 · 0.4 mi | $370,000 | 2 | 2 | 829 | $446 | 0.4 mi |
B 450 E 4th Active 2 bd · 2 ba · 808 sqft · $507 · 0.4 mi | $410,000 List Price | 2 | 2 | 808 | $507 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, the property features a highly dated kitchen with old-fashioned wood cabinetry and vintage countertops that are well over 20 years old. While the flooring appears to have been recently updated and the unit is clean and functional, the kitchen, bathrooms, and overall infrastructure require modernization.
Situated in the heart of Santa Ana near Historic French Park and Downtown, the property offers exceptional walkability to 4th Street dining, entertainment, and the OCHSA campus.
The condo provides excellent commuter access via the Santa Ana Train Station, the upcoming OC Streetcar, and immediate proximity to the 5, 22, 55, and 57 freeways.
Priced competitively at $349,000, this unit serves as a rare and accessible entry point into the Orange County real estate market for first-time buyers or investors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =19570, other record lot size in square feet = 19670. Living area discrepancy between mls listing and other public or private record. mls listing living area = 599, other record living area = 896. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
With only 599 square feet and a lack of in-unit laundry facilities, the property may feel restrictive for buyers seeking more square footage or private utility convenience.
Built in 1958, the building may lack the modern energy efficiencies and aesthetic upgrades found in newer developments, and the listing notes no scenic views.
Charming first-floor, 1-bedroom, 1-bathroom condo in the heart of Santa Ana, located in the intimate 18-unit Riviera Association. This bright, well-maintained home features a semi-open floor plan, abundant natural light, community laundry, and one assigned parking space. Excellent location near Historic French Park, OCHSA, Downtown Santa Ana, 4th Street, the Santa Ana Train Station, and OC Streetcar. Convenient access to the 5, 22, 55, and 57 Freeways, plus nearby shopping, dining, and entertainment. A great opportunity for a first-time buyer, downsizer, or investor.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 1.9 |
| Square foot | 599 | 920.18 |
| Lot Size | 19,570 | 232,361.303 |
| Price | $269.9K | $447.6K |
| Price per sq ft | $451 | $539 |
| Built year | 1958 | 1973 |
| HOA | $347.0 | $472 |
| Days on market | 37 | 66 |
Oct 24, 2026
$269,900
$319,000
-15% Price Drop
Initial Listing
Sep 28, 2026
$319,000
$349,000
-9% Price Drop
Initial Listing
Sep 18, 2026
$349,000
Initial Listing
Jan 2, 2014
$150,000
Public Record