
Santa Ana, California 92701
This Condominium presents a Strong Value Opportunity, listed at $520,000—positioned above the $474,757 Fair Market Value. While the property requires modernization to address its Condition Rating of 4, it offers a resort-style lifestyle in The Redwoods, featuring two pools, a gym, and tennis courts. Zoned for the top-performing Foothill High School (9/10), this unit provides a stable foundation for long-term value. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a community-focused residence with significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1008 Cabrillo Park C Subject | $510,000* List Price | 2 | 1 | 943 | $502 | - |
A 1068 Cabrillo Park Drive C Sold | $500,000 | 2 | 1 | 943 | $530 | 0.0 mi |
B 1380 Cabrillo Park G Sold | $503,000 | 2 | 2 | 974 | $516 | 0.3 mi |
C 1018 Cabrillo Park H Sold | $515,000 | 2 | 2 | 1,007 | $511 | 0.1 mi |
D 1086 Cabrillo Park Dr #d Sold | $443,000 | 1 | 1 | 825 | $537 | 0.1 mi |
E 1410 Cabrillo Park Sold | $550,000 | 2 | 2 | 1,102 | $499 | 0.2 mi |
F 1094 Cabrillo Park A Sold | $510,000 | 2 | 2 | 1,007 | $506 | 0.1 mi |
G 1060 Cabrillo Park Drive A Sold | $399,000 | 1 | 1 | 691 | $577 | 0.1 mi |
H 1084 Cabrillo Park # B Sold | $430,000 | 1 | 1 | 825 | $521 | 0.1 mi |
I 1345 Cabrillo Park F05 Active Under Contract | $499,000 List Price | 2 | 2 | 984 | $507 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the unit shows recent cosmetic updates including new wide-plank flooring and fresh interior paint. However, the presence of dated popcorn ceilings and the lack of kitchen or bathroom photos typically indicates these high-value areas are original or older than 20 years and require modernization.
High School: Foothill High School (9/10).
The Redwoods offers an extensive amenity package including two pools, a spa, tennis courts, a gym, and a clubhouse, providing a high-quality lifestyle and added value for residents.
The property is located within the Tustin Unified School District and is zoned for top-performing schools like Foothill High School (rated 9/10), which is a significant draw for families.
With 127 days on the market, the property has significantly exceeded the local average, which may indicate a pricing misalignment or a lack of buyer urgency at the current list price.
The unit only includes one assigned carport, while the second space is unassigned and available on a first-come, first-served basis, which can be a major inconvenience for multi-car households.
Welcome to The Redwoods! Highly desirable community with 2 pools, spa, tennis courts, gym, and clubhouse, surrounded by mature trees and lush landscaping. This Condo offers 2 bedrooms and 1 bathroom. It features 1 carport parking and the 2nd parking is an uncovered first come-first park.
No exterior & parking available.
Grades PK-5 • 1.9 mi
Grades 6-8 • 1.3 mi
Grades K-8 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 943 | 936.958 |
| Lot Size | 124,059 | 210,479.972 |
| Price | $510.0K | $452.9K |
| Price per sq ft | $541 | $547 |
| Built year | 1972 | 1973 |
| HOA | $485.0 | $478 |
| Days on market | 168 | 65 |
Aug 22, 2026
$510,000
$520,000
-2% Price Drop
Initial Listing
Mar 25, 2026
$520,000
Initial Listing
Mar 8, 2010
$140,000
Public Record
Apr 19, 2005
$320,000
Public Record