
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 2 bd · 1 ba · 943 sqft · $497 | $499,000* List Price | 2 | 1 | 943 | $497 | - |
A 1068 Cabrillo Park Drive C Sold 2 bd · 1 ba · 943 sqft · $530 · 0.0 mi | $500,000 | 2 | 1 | 943 | $530 | 0.0 mi |
B 1380 Cabrillo Park G Sold 2 bd · 2 ba · 974 sqft · $516 · 0.3 mi | $503,000 | 2 | 2 | 974 | $516 | 0.3 mi |
C 1345 Cabrillo Park F05 Sold 2 bd · 2 ba · 984 sqft · $477 · 0.2 mi | $469,000 | 2 | 2 | 984 | $477 | 0.2 mi |
D 1018 Cabrillo Park H Sold 2 bd · 2 ba · 1,007 sqft · $511 · 0.1 mi | $515,000 | 2 | 2 | 1,007 | $511 | 0.1 mi |
E 1086 Cabrillo Park Dr #d Sold 1 bd · 1 ba · 825 sqft · $537 · 0.1 mi | $443,000 | 1 | 1 | 825 | $537 | 0.1 mi |
F 1410 Cabrillo Park Sold 2 bd · 2 ba · 1,102 sqft · $499 · 0.2 mi | $550,000 | 2 | 2 | 1,102 | $499 | 0.2 mi |
G 1094 Cabrillo Park A Sold 2 bd · 2 ba · 1,007 sqft · $506 · 0.1 mi | $510,000 | 2 | 2 | 1,007 | $506 | 0.1 mi |
H 1345 Cabrillo Park Drive P-14 Sold 1 bd · 1 ba · 696 sqft · $539 · 0.2 mi | $375,000 | 1 | 1 | 696 | $539 | 0.2 mi |
I 1345 Cabrillo Park F04 Pending 2 bd · 2 ba · 984 sqft · $523 · 0.2 mi | $515,000 List Price | 2 | 2 | 984 | $523 | 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. Fully Remodeled Condo that offers 2 bedrooms and 1bathroom & 1/4 bathroom in master bedroom. It features 1 carport parking#29 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 | 1.9 |
| Square foot | 943 | 920.18 |
| Lot Size | 124,059 | 232,361.303 |
| Price | $499.0K | $447.6K |
| Price per sq ft | $529 | $539 |
| Built year | 1972 | 1973 |
| HOA | $485.0 | $472 |
| Days on market | 214 | 66 |
Sep 16, 2026
$499,000
$510,000
-2% Price Drop
Initial Listing
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