1201 S Douglas, Santa Ana, California 92704, Santa Ana, 92704 - 3 bed, 2 bath
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Santa Ana, California 92704
This property presents a High-Potential Investment Opportunity with a List Price of $798,000—positioned well below the $801,526 Fair Market Value by 0.44%. This valuation gap offers $3,526 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home requires HVAC and flooring updates, providing a clear path for forced appreciation. With a patio and prime Mid-City location, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value through targeted renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1201 S Douglas Subject | $798,000* List Price | 3 | 2 | 1,233 | $650 | - |
A 1326 S Marine Sold | $680,000 | 3 | 2 | 1,071 | $635 | 0.7 mi |
B 2926 W La Verne Sold | $880,000 | 3 | 2 | 1,231 | $715 | 0.9 mi |
C 2113 S Forest Avenue Sold | $783,000 | 4 | 2 | 1,500 | $522 | 1.0 mi |
D 1725 W Carlton Sold | $885,000 | 3 | 2 | 1,223 | $724 | 0.7 mi |
E 709 S Diamond Street Active Under Contract | $750,000 List Price | 3 | 2 | 1,283 | $585 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property features a newly refreshed kitchen and bathrooms; however, it is a 1955 build that explicitly requires a new HVAC system and new flooring throughout. Because it lacks essential functional systems and finished surfaces, it cannot be considered move-in ready despite the cosmetic updates.
Priced at $798,000 and offered well below market value, this property presents a significant equity-building opportunity for buyers in a high-demand area.
The home features a refreshed interior with updated kitchen and bathrooms, providing a modern aesthetic and reducing the need for major structural renovations.
Centrally located near Centennial Park, South Coast Plaza, and major Orange County destinations, offering excellent convenience for commuting, shopping, and dining.
The property requires the installation of new flooring and a complete HVAC system, necessitating immediate post-closing investment and coordination.
Sold in as-is condition, the buyer must assume responsibility for all existing repairs, including a pending fence replacement and potential deferred maintenance.
Great opportunity to own a newly remodeled Santa Ana home priced at $798,000 and offered well-below market value. The interior has been refreshed throughout, including an updated kitchen and bathrooms, giving buyers a strong head start while leaving room to add their own finishing touches. Property requires new flooring and a new HVAC system, making this an excellent value-add opportunity for the new owner to choose desired look and is being sold as-is (the old wood fence is being replaced). Convenient Mid-City Santa Ana location near neighborhood markets, local dining, schools, parks, and major Orange County destinations, with Centennial Park, South Coast Plaza, The Outlets at Orange, and nearby restaurants within easy reach. Furnished photos are digitally staged as well as landscaping.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,233 | 1,450.5 | 21% |
| Lot Size | 6,000 | 6,100 | 27% |
| Price | $798.0K | $1.00M | 8% |
| Price per sq ft | $647 | $673 | 42% |
| Built year | 1955 | 1963 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 141 | 8% |
May 12, 2026
$798,000
Initial Listing
Oct 21, 2009
$225,000
Public Record
Jul 2, 2009
$226,000
Public Record