1501 La Loma, Santa Ana, California 92705, North Tustin, 92705 - 5 bed, 7 bath
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Santa Ana, California 92705
This Mid-Century Ranch Estate is a High-Potential Investment Opportunity, listed at $2,995,000—positioned below the $3,004,700 Fair Market Value by 1%. This valuation provides $9,700 in Instant Equity for a property with massive forced appreciation potential. While currently in Outdated Condition, the sprawling one-acre usable lot, private pool, and city light views offer a rare foundation for a luxury legacy estate. Located in the Tustin Unified School District with no HOA, this is an ideal canvas for Owner-Occupants or Luxury Renovators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1501 La Loma Subject | $2,995,000* List Price | 5 | 7 | 3,994 | $752 | - |
A 1761 Lemon Ter Sold | $3,425,000 | 5 | 6 | 4,182 | $819 | 0.6 mi |
B 1302 Risa Sold | $2,900,000 | 4 | 4 | 3,593 | $807 | 0.2 mi |
C 1762 Terry Lynn Drive Active Under Contract | $2,800,000 List Price | 5 | 3 | 3,589 | $780 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1963 mid-century estate is well-maintained but significantly outdated, serving as a 'time capsule' property. While it features a newer roof and a kitchen that received a mid-life update with oak cabinetry, the bathrooms remain in original 'retro' condition with 1960s tilework. The presence of worn carpeting, vintage wood paneling, and aged light fixtures indicates the home is functional but requires a full cosmetic overhaul to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38000, living area = 3994.
Situated on nearly one acre of fully usable land, this property offers a rare level of space and privacy in a premium North Tustin enclave, providing ample room for expansion or an ADU.
The estate features iconic mid-century design elements including walls of glass, original stone fireplaces, and a flexible dual-wing layout that serves as a perfect foundation for a luxury renovation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
With original 1960s finishes, vintage bathrooms, and retro tilework, the home requires a substantial capital investment to bring it up to modern luxury standards.
The nearly one-acre lot with mature trees, multiple lawn areas, and an older pool system will necessitate significant ongoing landscaping and utility expenses.
Welcome to 1501 La Loma Drive, where land, legacy, and location merge in one of North Tustin’s most exclusive enclaves. Nestled at the dead-end of Red Hill Avenue, and tucked behind an AUTOMATIC GATED ENTRANCE, this sprawling MID-CENTURY RANCH ESTATE sits on nearly ONE ACRE OF FULLY USABLE LAND. Truly a once-in-a-generation opportunity to reimagine a timeless classic into your forever home. This 5-bed, 7-bath home has approx. 4000sqft of living space, with nearly every room capturing views of the lush yard, POOL, and CITY LIGHTS BEYOND. Inside, discover WALLS OF GLASS, ORIGINAL STONE FIREPLACES, vintage bathrooms with RETRO TILEWORK, and CUSTOM WOOD PANELING that speaks to an era of bold design. The layout is spacious and flexible, featuring DUAL WINGS, SEVERAL BEDROOM SUITES, and indoor-outdoor flow throughout. The home has GREAT BONES and a NEWER ROOF, giving future plans a solid foundation to build from. This home is ready for multigenerational living, creative redesign, or full-scale transformation. You will love the outdoors here. Nothing beats the beautiful OC weather! This backyard has multiple LAWN AREAS, MATURE TREES, and a classic POOL WITH STONE PATIO, all creating a backyard escape that feels worlds away. The lot itself is exceptionally PRIVATE and SECLUDED, offering a level of peace and space rarely found in Southern California. But the best part… you’re just minutes from award-winning Tustin schools, scenic Peters Canyon, gourmet dining, Old Town Tustin, The District, Tustin Market Place, and major highways. With NO HOA or Mello-Roos, the freedom to build an ADU, expand, or restore is truly yours. In a neighborhood known for estate-sized lots and CUSTOM-BUILT HOMES, this opportunity is RARE! Whether you're an investor looking for your next signature project or a dreamer ready to create a legacy estate, this is a canvas unlike any other. Come walk the grounds, feel the quiet, and see the potential for yourself.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 74% |
| Baths | 7.0 | 3.0 | 98% |
| Square foot | 3,994 | 2,431.5 | 86% |
| Lot Size | 38,000 | 12,395 | 97% |
| Price | $3.00M | $1.70M | 93% |
| Price per sq ft | $750 | $702 | 66% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 140 | 36% |
Feb 12, 2026
$2,995,000
$3,195,000
-6% Price Drop
Initial Listing
Jan 22, 2026
$3,195,000
Initial Listing