1602 N King #m3 Street, Santa Ana, California 92706, Santa Ana, 92706 - 2 bed, 2 bath
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Santa Ana, California 92706
This property presents a High-Potential Investment Opportunity with a List Price of $495,000—positioned well below the $483,681 Fair Market Value by -2%. While the property is priced slightly above market, its Fair Condition Rating and expansive private backyard offer significant value-add potential. The unit features a functional 930 sqft layout within a secure, gated community. This asset is ideal for Buy-and-Hold Investors seeking rental demand or first-time buyers looking to build equity through cosmetic modernization in a central Santa Ana location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1602 N King #m3 Street Subject | $495,000* List Price | 2 | 2 | 930 | $520 | - |
A 1602 N King Street J1 Sold | $440,000 | 2 | 2 | 930 | $473 | 0.0 mi |
B 1602 N King Street E1 Sold | $480,000 | 2 | 2 | 930 | $516 | 0.0 mi |
C 1602 N King Sold | $420,000 | 1 | 1 | 744 | $565 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1965 (59 years old) and, while functional, shows signs of being dated. The presence of window AC units suggests a lack of modern central HVAC systems. Although laminate flooring is mentioned, there is no indication of recent kitchen or bathroom renovations, placing it in the 'Fair' category as it likely requires cosmetic updates and minor repairs to meet modern standards.
This unit boasts one of the largest fenced backyards in the complex, offering rare outdoor space for gardening, relaxation, and entertaining that is seldom found in condo living.
The low monthly HOA fee provides significant value by covering essential utilities such as water and trash, as well as maintenance for the pool, clubhouse, and gated grounds.
Located within a secure gated community, the property includes two dedicated parking spots (one carport and one assigned space), addressing a common pain point in the Santa Ana area.
At 930 square feet split across two stories, the interior footprint is relatively small, which may feel restrictive for families or those requiring more generous living space.
Built in 1965, the property may require ongoing maintenance or modernization of older systems and finishes to meet the expectations of contemporary buyers.
LOCATION! Welcome to a cozy 2 story condo in a peaceful, gated community in a heart of Santa Ana. This condo features 2 spacious bedrooms, 1.5 bathrooms with laminated flooring. Upstairs, there are a large primary bedroom with spacious closet, and a good size of the second bedroom, and a full bathroom. Enjoying the privacy of your own fenced backyard with in-unit washer and dryer hookups. This home's backyard is the larger one in the complex with lots of outdoor space to garden, relax and entertain. The low fee of HOA $271 per month to cover for trash, water, pool, clubhouse, landscape, maintenance, plus 1 carport space and additional designed parking spot. It is close to shopping, schools, post office, churches, freeways. It is an opportunity for a first-time buyers or investors. Come to see it!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 930 | 936.5 |
| Lot Size | 323,414 | 256,727 |
| Price | $495.0K | $452.8K |
| Price per sq ft | $532 | $541 |
| Built year | 1965 | 1970 |
| HOA | $242.0 | $492 |
| Days on market | 3 | 73 |
Jul 19, 2026
$495,000
Initial Listing
Jun 26, 2023
$450,000
Public Record
Mar 25, 1998
$50,500
Public Record