1507 S Raitt Street 82, Santa Ana, California 92704, Santa Ana, 92704 - 0 bed, 0 bath
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Santa Ana, California 92704
This Turnkey Modern Condominium is a Strong Value Opportunity, listed at $350,000—positioned well below the $382,789 Fair Market Value by 8%. This valuation gap provides $32,789 in Instant Equity. Boasting an excellent Condition Rating of 2, the interior features wood-look tile flooring, recessed LED lighting, and a modernized kitchen with stone countertops. Residents enjoy a community pool and low carrying costs. This move-in-ready asset is a perfect match for first-time buyers or Owner-Occupants seeking immediate appreciation in Orange County.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1507 S Raitt Street 82 Subject | $350,000* List Price | 0 | 0 | 600 | $638 | - |
A 1400 W Warner Avenue 41 Active | $385,000 List Price | 1 | 1 | 620 | $621 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1982, the property has undergone extensive recent renovations that meet modern standards. The interior features updated wood-look tile flooring, recessed LED lighting throughout, and a modernized kitchen with white shaker cabinets and stone countertops. The presence of a contemporary stacked front-load washer/dryer and a newer wall-mounted cooling unit further justifies the excellent condition rating as a move-in ready, fully updated unit.
Priced at $350,000, this condominium offers a rare and affordable entry point into the Orange County real estate market, making it highly attractive for first-time buyers and investors.
The property demonstrates a strong upward valuation trend, with sales increasing from $225,000 in 2020 to $305,000 in 2023, indicating a solid investment with consistent market demand.
The monthly association fee of $315 is relatively modest for the Santa Ana area, helping to keep total monthly housing expenses predictable and accessible for budget-conscious owners.
With only 600 square feet of living space, the unit's compact footprint may limit its appeal to larger households or those requiring significant storage and home office space.
Built in 1982, the property is over 40 years old and may soon require capital improvements or updates to major systems to maintain modern standards of efficiency and style.
Exceptional opportunity in Santa Ana. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 600 | 878 | 3% |
| Lot Size | 420 | 60,975 | 30% |
| Price | $350.0K | $495.0K | 3% |
| Price per sq ft | $583 | $552 | 65% |
| Built year | 1982 | 1980 | 70% |
| HOA | $315.0 | $426 | 16% |
| Days on market | 11 | 168 | 3% |
Apr 11, 2026
$350,000
Initial Listing
Sep 28, 2023
$305,000
Public Record
Aug 5, 2020
$225,000
Public Record
Aug 16, 2004
$115,000
Public Record