1440 B Cabrillo Park Drive, Santa Ana, California 92701, Santa Ana, 92701 - 1 bed, 1 bath
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Santa Ana, California 92701
This Affordable Entry-Level Condo is listed at $389,000, offering a rare opportunity in the Orange County market compared to its $345,660 Fair Market Value. Maintaining a Condition Rating of 4, the unit is well-kept but presents a clear value-add path through cosmetic updates to the kitchen and bathroom. Residents enjoy access to the highly-regarded Tustin Unified School District and premium community amenities including a pool, spa, and fitness center. Featuring two private patios and a serene creek view, this property is a prime selection 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 |
|---|---|---|---|---|---|---|
★ 1440 B Cabrillo Park Drive Subject | $389,000* List Price | 1 | 1 | 682 | $507 | - |
A 1300 Cabrillo Park Dr F Sold | $385,000 | 1 | 1 | 694 | $555 | 0.1 mi |
B 1300 Cabrillo Park Drive B Pending | $365,000 List Price | 1 | 1 | 694 | $526 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this property is well-maintained but shows signs of its age, such as popcorn ceilings. While the living area features updated laminate flooring and the unit appears move-in ready, the overall style and the mention of FHA 203(k) financing eligibility suggest that the kitchen, bathroom, and major systems are likely functional but dated, fitting the criteria for a property that has been maintained through regular upkeep rather than a full modern renovation.
Priced at $389,000, this property offers a rare entry point into the Orange County market and qualifies for multiple down payment assistance programs like Santa Ana’s My First Home and CalHFA.
The monthly association dues cover essential utilities including gas, water, and trash, while providing access to resort-style amenities such as a pool, spa, fitness center, and scenic walking paths.
The condo is situated within the desirable Tustin Unified School District, providing residents with access to well-regarded educational institutions like Foothill High School.
With only 682 square feet and a single bedroom, the property may feel restrictive for buyers requiring a home office or additional room for guests.
The absence of private laundry hookups requires the use of shared community facilities, which can be a significant inconvenience compared to modern condo standards.
Location meets Opportunity in the heart of central Orange County! This 1-bedroom, 1-bath downstairs Cabrillo Park condo offers a chance to enter the market and build equity. Eligible buyers may qualify for Santa Ana’s My First Home Program, CalHFA financing, or FHA 203(k), providing down payment and renovation options. Original kitchen, ceilings, and bathroom—ideal for a buyer ready to update and make it their own. Open living and dining area, gas stove, central A/C, abundant natural light, and two private patios. Community features include streams, walking paths, pool, spa, and fitness center. HOA covers gas, water, and trash. Prime access to the 5, 22, and 55 freeways and Orange County Airport, with walking distance to MatchPoint Tennis Academy, shopping, and dining. Located within the Tustin Unified School District, known for its strong academic performance and well-regarded schools. Great for first-time buyers seeking affordability, location, and lifestyle in Orange County.
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 | 682 | 827 | 29% |
| Lot Size | 100,249 | 89,518 | 54% |
| Price | $389.0K | $401.2K | 39% |
| Price per sq ft | $570 | $482 | 75% |
| Built year | 1974 | 1981 | 43% |
| HOA | $393.0 | $448 | 36% |
| Days on market | 34 | 189 | 4% |
Mar 19, 2026
$389,000
Initial Listing