
Santa Ana, California 92701
This Value-Add Condominium Asset is listed at $365,000, compared to a $345,573 Fair Market Value. Holding a Condition Rating of 4, the interior requires functional and aesthetic updates to the kitchen and bathroom to reach its full appreciation potential. The "as-is" short sale status and proximity to the 5 Freeway and Tustin Unified School District make this a strategic entry-level purchase. Featuring a private covered patio and community pool, the unit is positioned for steady rental demand. This is a prime acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1300 Cabrillo Park Drive B Subject | $365,000* List Price | 1 | 1 | 694 | $498 | - |
A 1300 Cabrillo Park Dr F Sold | $385,000 | 1 | 1 | 694 | $555 | - |
B 1440 B Cabrillo Park Drive Active | $389,000 List Price | 1 | 1 | 682 | $570 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the property shows its age, particularly in the kitchen and bathroom. While the living areas feature updated wood-look tile flooring, the kitchen has older wooden cabinets, dated countertops, and what appear to be older appliances. The bathroom also features an outdated vanity and tile in the shower/tub. The property is functional and appears well-maintained, but these key areas would require significant updates to meet modern aesthetic and functional standards. The 'as is' short sale condition further implies no seller-funded improvements.
Ideally located in the heart of Santa Ana with close proximity to the 5 Freeway, offering easy access to shopping, dining, and entertainment, making commuting a breeze.
Residents benefit from access to a sparkling pool and a soothing spa within the serene Cabrillo Park community, enhancing lifestyle and recreational options.
The open-concept kitchen seamlessly flows into the living area, providing a modern and inviting space perfect for entertaining or relaxing.
The property is a short sale and sold 'as is,' which may lead to a more complex and potentially lengthy transaction process, with no seller-funded repairs or upgrades.
With 1 bedroom, 1 bathroom, and 694 sqft, the unit offers limited living space, primarily appealing to singles, couples, or investors rather than larger households.
Built in 1974, the property's age suggests that systems or aesthetics may require updates to meet modern standards, potentially incurring additional costs for the buyer.
This delightful downstairs unit, ideally located in the heart of Santa Ana. This inviting 1-bedroom, 1-bathroom home features an open-concept kitchen that flows seamlessly into the living area—perfect for entertaining or relaxing. Enjoy the covered patio, ideal for morning coffee or evening unwinding. Situated within the serene Cabrillo Park community, residents can take advantage of the amenities including a sparkling pool and a soothing spa. With close proximity to the 5 Freeway, commuting is a breeze, offering easy access to nearby shopping, dining, and entertainment. Short sale as is
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 46% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 694 | 827 | 36% |
| Lot Size | 134,524 | 89,518 | 79% |
| Price | $365.0K | $401.2K | 32% |
| Price per sq ft | $526 | $482 | 64% |
| Built year | 1974 | 1981 | 43% |
| HOA | $375.0 | $448 | 32% |
| Days on market | 329 | 194 | 96% |
Dec 6, 2025
$365,000
$390,000
-6% Price Drop
Initial Listing
Aug 13, 2025
$390,000
Initial Listing
May 28, 2025
$399,888
Initial Listing