1040 W Macarthur, Santa Ana, California 92707, Santa Ana, 92707 - 0 bed, 1 bath
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1040 W Macarthur
Santa Ana, California 92707
ACTIVE
CONDITION: FAIR
0Beds
1Baths
468Sq Ft
255,418Lot Size
Property Price
LIST PRICE$299,900
EST. MARKET VALUE
$294,117
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $299,900—positioned well below the $294,118 Fair Market Value by -2%. While the property requires modernization due to its Condition Rating of 4, it offers a rare, affordable entry point into the South Coast Metro area. Featuring a pool, spa, and patio, this unit provides significant rental potential for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a high-demand location.
Estimated Market Value
$294,117
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040 W Macarthur Subject | $299,900* List Price | 0 | 1 | 468 | $628 | - |
A 1000 W Macarthur Boulevard 58 Sold | $355,000 | 1 | 1 | 587 | $605 | 0.1 mi |
B 1030 W Macarthur 93 Sold | $352,600 | 1 | 1 | 642 | $549 | 0.1 mi |
C 1030 W Macarthur Boulevard 5 Sold | $375,000 | 1 | 1 | 642 | $584 | 0.1 mi |
D 1000 W Macarthur Boulevard 61 Sold | $348,000 | 1 | 1 | 587 | $593 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1970, this unit is functional but dated. The kitchen features older electric coil appliances and fluorescent lighting, while the living area retains popcorn ceilings and an older wall-mounted AC unit. While the flooring and countertops appear to have had mid-life updates, the property requires modernization of systems and cosmetic finishes to move beyond its 20+ year old aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- Affordable Entry Point
Priced under $300,000, this property offers a rare and accessible entry point into the Orange County real estate market, making it ideal for first-time buyers or budget-conscious investors.
- Prime South Coast Metro Location
Located in the MacArthur Village subdivision, the property is situated in a highly desirable area near South Coast Plaza, offering convenient access to premier shopping, dining, and major transportation corridors.
- Strong Rental Potential
Given the low acquisition cost and the high demand for housing in Santa Ana, this condominium presents a significant opportunity for investors seeking a high-yield rental property.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =255418, other record lot size in square feet = 284960. Living area discrepancy between mls listing and other public or private record. mls listing living area = 468, other record living area = 905.
- High Association Fees
The monthly HOA fee of $540 is relatively high in proportion to the listing price and square footage, which may impact the overall monthly carrying costs and buyer affordability.
- Limited Living Space
At just 468 square feet, the compact size of the unit significantly limits the potential buyer pool to single occupants or those seeking a minimalist lifestyle, reducing its broad market appeal.
About 1040 W Macarthur
Exceptional opportunity in Santa Ana. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 255,418 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $540.0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Taft Elementary School
Grades K-6 • 0.5 mi
2/10
Mcfadden Intermediate School
Grades 6-8 • 1.1 mi
3/10
Saddleback High School
Grades 7-12 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 468 | 936.958 |
| Lot Size | 255,418 | 210,479.972 |
| Price | $299.9K | $452.9K |
| Price per sq ft | $641 | $547 |
| Built year | 1970 | 1973 |
| HOA | $540.0 | $478 |
| Days on market | 2 | 65 |
Pricing History
Listed for Sale
Sep 7, 2026
$299,900
Initial Listing
Sold
Oct 16, 1992
$102,000
Public Record