1345 Cabrillo Park F05, Santa Ana, California 92701, Santa Ana, 92701 - 2 bed, 2 bath
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Santa Ana, California 92701
This Turnkey Condominium is a Strong Value Opportunity, listed at $499,000—positioned well below the $526,230 Fair Market Value by 5%. This valuation gap offers $27,230 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a Granite Kitchen and laminate flooring. Located in the Tustin Unified School District, this property offers a resort-style lifestyle with pool and tennis access. It is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1345 Cabrillo Park F05 Subject | $499,000* List Price | 2 | 2 | 984 | $535 | - |
A 1094 Cabrillo Park A Sold | $510,000 | 2 | 2 | 1,007 | $506 | 0.2 mi |
B 1345 Cabrillo Park Drive L16 Sold | $465,000 | 2 | 2 | 984 | $473 | 0.0 mi |
C 1068 Cabrillo Park Drive C Sold | $500,000 | 2 | 1 | 943 | $530 | 0.2 mi |
D 1380 Cabrillo Park G Sold | $503,000 | 2 | 2 | 974 | $516 | 0.2 mi |
E 1044 Cabrillo Park Dr B Sold | $515,000 | 2 | 1 | 943 | $546 | 0.2 mi |
F 1060 Cabrillo Park Drive A Sold | $399,000 | 1 | 1 | 691 | $577 | 0.2 mi |
G 1084 Cabrillo Park # B Sold | $430,000 | 1 | 1 | 825 | $521 | 0.2 mi |
H 1062 B Cabrillo Park C Sold | $388,000 | 1 | 1 | 675 | $575 | 0.2 mi |
I 1018 Cabrillo Park H Pending | $499,900 List Price | 2 | 2 | 1,007 | $496 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1974 but features a comprehensive mid-range renovation likely within the last 10-15 years. Includes updated wood-look flooring, granite countertops, stainless steel appliances, and modernized bathroom vanities. The unit is well-maintained and move-in ready.
Priced at $499,000 for a two-bedroom, two-bathroom layout, this property offers an accessible entry point into the Orange County real estate market for first-time buyers or investors.
The property is located within the Tustin Unified School District, a significant draw for families that typically bolsters long-term property value and resale appeal.
Being a downstairs unit provides excellent accessibility and convenience, appealing to a broad demographic including those looking to avoid stairs and seeking easier move-in logistics.
The monthly HOA fee of $538.35 is relatively high for a sub-1,000 square foot unit, which may impact the overall monthly affordability and debt-to-income ratio for potential buyers.
With no designated view and a build date of 1974, the property lacks the aesthetic premium and modern architectural features often found in newer or more elevated condominium developments.
Turnkey, Beautiful, Single Level Home in a Park-like Setting in Central Orange County! Newly remodeled with new paint and luxurious laminate flooring throughout. Thoughtfully designed floorplan with large Living Room enjoying a private Patio view, and two generously sized Bedrooms off a Center Hall. Upgrades include newer lighting fixtures, granite counters, stainless steel appliances, and mirrored wardrobe closets. Enjoy serene living at Cabrillo Park, an oasis in the city, with well maintained landscaping, greenbelts and mature trees. Resort style amenities abound with a fitness center, tennis courts and pool and spa. Award winning schools. Conveniently located near freeways, shopping, Old Town Tustin and restaurants.
No exterior & parking available.
Grades PK-5 • 1.8 mi
Grades 6-8 • 1.2 mi
Grades K-8 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 984 | 936.5 |
| Lot Size | 475,139 | 256,727 |
| Price | $499.0K | $452.8K |
| Price per sq ft | $507 | $541 |
| Built year | 1974 | 1970 |
| HOA | $538.35 | $492 |
| Days on market | 2 | 73 |
Jul 20, 2026
$499,000
Initial Listing
Dec 30, 2013
$230,000
Public Record
Jul 3, 2009
$200,000
Public Record