
Fountain Valley, California 92708
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $498,423 Fair Market Value by 0%. While the unit requires cosmetic updates, its Condition Rating of 4 provides a clear path for value-add renovations. Featuring a private patio and convenient assigned carport parking, this condo offers functional living near top-rated schools in the Garden Grove Unified district. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through personalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12042 Sylvan 6 Subject 2 bd · 2 ba · 916 sqft · $544 | $500,000* List Price | 2 | 2 | 916 | $544 | - |
A 12042 Sylvan River 1 Sold 2 bd · 2 ba · 1,064 sqft · $493 · 0.0 mi | $525,000 | 2 | 2 | 1,064 | $493 | 0.0 mi |
B 12042 Sylvan River 4 Sold 1 bd · 1 ba · 702 sqft · $591 · 0.0 mi | $415,000 | 1 | 1 | 702 | $591 | 0.0 mi |
C 12092 Sylvan Riv Sold 2 bd · 2 ba · 916 sqft · $551 · 0.1 mi | $505,000 | 2 | 2 | 916 | $551 | 0.1 mi |
D 12109 Sylvan River Sold 2 bd · 2 ba · 916 sqft · $546 · 0.1 mi | $500,000 | 2 | 2 | 916 | $546 | 0.1 mi |
E 11630 Warner Avenue 614 Sold 2 bd · 2 ba · 1,030 sqft · $546 · 0.8 mi | $562,400 | 2 | 2 | 1,030 | $546 | 0.8 mi |
F 17230 Newhope 211 Active 2 bd · 1 ba · 923 sqft · $569 · 0.9 mi | $524,990 List Price | 2 | 1 | 923 | $569 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1983 (41 years old) and the listing explicitly mentions the need for 'cosmetic updates' and 'personal style.' While the unit is described as functional and comfortable, its age and the call for upgrades suggest dated kitchen, baths, and systems that have likely exceeded a 20-year lifecycle without a full modern renovation.
Situated in a sought-after Fountain Valley community just 1.5 miles from Mile Square Park, this bottom-unit condo offers excellent proximity to top-rated schools, shopping, and dining.
The property features a unique private patio with dual access from both the primary bedroom and the dining area, providing a seamless indoor-outdoor flow rarely found in similar condo layouts.
Parking is highly convenient with one assigned carport space, an additional parking tag for unassigned spots, and plenty of visitor parking throughout the pet-friendly community.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16950, other record lot size in square feet = 17288.
The association fee of $595 per month is relatively high for a 916-square-foot unit, which may impact the overall affordability and monthly budget for some buyers.
The unit requires cosmetic updates and personal touches to reach its full market potential, implying a need for additional immediate investment in renovations after purchase.
Welcome home to this inviting bottom-unit condo offering 2 bedrooms and 1.25 bathrooms in a sought-after, pet-friendly community. Thoughtfully positioned and ready for your personal style, this home is a great fit for buyers looking for comfort now—with room to add upgrades and make it their own. Step inside to a functional layout that flows well for everyday living. One standout feature is the private patio, conveniently accessible from both the primary bedroom and the dining area—ideal for relaxing outdoors, enjoying fresh air, or entertaining friends. Parking is simple and convenient, featuring one assigned carport space plus a parking tag that allows access to a second unassigned spot, along with ample visitor parking throughout the community. Location is another big advantage. You’re approximately 1.5 miles from Mile Square Park and close to shopping, dining, schools, and everyday amenities, making it easy to enjoy everything nearby. With some cosmetic updates, this condo has the potential to become exactly what you’ve been looking for—don’t miss the chance to put your touch on a great home in a prime area.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 916 | 875 |
| Lot Size | 16,950 | 41,685.125 |
| Price | $500.0K | $540.0K |
| Price per sq ft | $546 | $591 |
| Built year | 1983 | 1984 |
| HOA | $595.0 | $500 |
| Days on market | 13 | 78 |
Oct 12, 2026
$500,000
Initial Listing
Jul 22, 2005
$360,000
Public Record
May 10, 2001
$159,000
Public Record
May 7, 1999
$124,500
Public Record