11045 Alderman Avenue, Tustin, California 92782, Tustin, 92782 - 2 bed, 3 bath
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11045 Alderman Avenue
Tustin, California 92782
ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,274Sq Ft
0Lot Size
Property Price
LIST PRICE$749,000
EST. MARKET VALUE
$804,541
6% BelowMARKET VALUE
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $749,000—positioned well below the $804,541 Fair Market Value by 6%. This valuation gap offers $55,541 in Instant Equity for the buyer. Featuring a Good Condition Rating with significant mechanical upgrades like a Newer HVAC and Furnace, the home offers a functional layout with a Private Patio. Located in the Tustin Unified School District, this property is ideal for Owner-Occupants or first-time buyers seeking a stable, well-maintained residence.
Estimated Market Value
$804,541+$55,541 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Tustin.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11045 Alderman Avenue Subject 2 bd · 3 ba · 1,274 sqft · $632 | $749,000* List Price | 2 | 3 | 1,274 | $632 | - |
A 2640 Dunstan Sold 2 bd · 3 ba · 1,324 sqft · $627 · 0.0 mi | $830,000 | 2 | 3 | 1,324 | $627 | 0.0 mi |
B 2659 Dietrich Sold 2 bd · 2 ba · 1,053 sqft · $755 · 0.1 mi | $795,000 | 2 | 2 | 1,053 | $755 | 0.1 mi |
C 2645 Dunstan Active 2 bd · 3 ba · 1,324 sqft · $627 · 0.0 mi | $830,000 List Price | 2 | 3 | 1,324 | $627 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1993 (31 years old), the property is rated 'Good' due to significant recent maintenance and system upgrades, including a newer HVAC, furnace, water heater, and ducting. The kitchen and bathrooms are functional and move-in ready with newer stainless steel appliances, though the white tile countertops and cabinetry reflect an older aesthetic. The overall condition is well-maintained, offsetting the chronological age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Accessibility
Situated in the highly desirable Tustin Ranch area, the property is within walking distance of top-rated schools and parks, with immediate access to the Tustin/Irvine Marketplace and major commuter freeways.
- Significant Mechanical Upgrades
The home features a newer HVAC system, furnace, water heater, and attic ducting, providing buyers with peace of mind regarding long-term maintenance and energy efficiency.
- Functional Interior Layout
The move-in ready interior offers a spacious family room with a fireplace, a dedicated office space with built-ins, and a primary suite featuring vaulted ceilings and a walk-in closet.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $575 per month is relatively high for a condominium, which may impact the overall monthly affordability for budget-conscious buyers.
- Limited Garage Space
With only a single-car direct access garage, the property may pose a challenge for households with multiple vehicles or those requiring significant enclosed storage.
About 11045 Alderman Avenue
Welcome to 11045 Alderman Avenue, a Move-In Ready Condo Located within the Highly Desirable Cantada Community of Tustin Ranch. This Well-Maintained Home Features Two Bedrooms, Two and a Half Bathrooms, and Plenty of Natural Light Throughout. Upgrades Include Newer HVAC, Furnace, Water Heater, Attic Ducting, and New Garage Door. The Spacious Family Room Includes a Cozy Fireplace, Patio Access, and Opens to the Dining Area Which is Currently Used as an Office with Built-In Shelving and Desk. The Light and Bright Kitchen Provides Ample Counter/Cabinet Space, Stainless Steel Appliances, and a Breakfast Nook. The Primary Suite Includes a Walk-In Closet, Plantation Shutters, Vaulted Ceiling, and En-Suite Bath with Dual Vanities. The Patio Enjoys a Pergola and Garden Beds. Additional Features Include an Indoor Laundry Room with Built-In Cabinets and Sink, and Direct Access Single-Car Garage Plus One Carport Space (#133). HOA Amenities Include a Resort-Style Pool/Spa and Barbecue Area. Walk to Peters Canyon Elementary, Pioneer Middle, and Cedar Grove Park. Just Minutes to Peters Canyon Regional Park, Irvine Regional Park, Citrus Grove Park, Tustin/Irvine Marketplace, and Tustin Ranch Golf Course. Easy Access to the 241/261 Toll Roads and 5/55/405 Freeways. Don’t Miss Out On 11045 Alderman Avenue!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $575.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,274 | 1,166.382 |
| Lot Size | - | 144,294.009 |
| Price | $749.0K | $737.4K |
| Price per sq ft | $588 | $649 |
| Built year | 1993 | 1987 |
| HOA | $575.0 | $389 |
| Days on market | 5 | 53 |
Pricing History
Listed for Sale
Oct 20, 2026
$749,000
Initial Listing
Sold
May 8, 2001
$259,000
Public Record
Sold
Apr 21, 1999
$195,000
Public Record