1602 N King F3, Santa Ana, California 92706, Santa Ana, 92706 - 2 bed, 2 bath
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1602 N King F3
Santa Ana, California 92706
ACTIVE
CONDITION: FAIR
2Beds
2Baths
930Sq Ft
323,414Lot Size
Property Price
LIST PRICE$475,000
EST. MARKET VALUE
$457,922
3% AboveMARKET VALUE
SUMMARY
This 2-bedroom condominium represents a High-Potential Investment Opportunity, listed at $475,000—positioned well above the $457,923 Fair Market Value by 3%. While the property is priced slightly above market, its Condition Rating of 4 and low $271 HOA fee—which includes a community pool and clubhouse—provide a stable foundation for long-term value. Featuring a private fenced backyard and in-unit laundry, this asset offers rare functional convenience. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a manageable entry point into the Santa Ana market.
Estimated Market Value
$457,922
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1602 N King F3 Subject | $475,000* List Price | 2 | 2 | 930 | $492 | - |
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 #m3 Street Active | $495,000 List Price | 2 | 2 | 930 | $532 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1965, this property is nearly 60 years old. While it features some updates like laminate and tile flooring and a functional bathroom with a pedestal sink, the overall interior appears dated and likely reflects renovations older than 15 years. It is move-in ready but requires cosmetic updates and likely system inspections due to its age.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive HOA & Amenities
The monthly HOA fee of $271 is exceptionally low for the area and includes water, trash, and maintenance, along with access to a community pool and clubhouse.
- Private Outdoor Space
The inclusion of a private fenced backyard is a rare and highly desirable feature for a condominium, offering a dedicated space for pets, gardening, or outdoor relaxation.
- Functional Convenience
The property provides significant practical value with in-unit laundry hookups and two reserved parking spaces, including a carport, which are premium features in high-density areas.
CONSRISKS & DEFICIENCIES
- Aged Construction
Built in 1965, the property may lack the energy efficiency and modern building standards found in newer developments, potentially requiring future infrastructure updates.
- Compact Square Footage
At 930 square feet distributed over two stories, the living areas and bedrooms may feel constrained for buyers prioritizing spacious interior layouts.
About 1602 N King F3
Welcome to 1602 N King St Unit F3, a 2-story condo in a quiet, gated Santa Ana community. This 2-bedroom, 1.5-bath home features tile and laminate flooring, spacious bedrooms, a private fenced backyard, in-unit laundry hookups, and 2 reserved parking spaces, including one carport. Conveniently located near Santa Ana College, shopping, restaurants, schools, and major freeways. HOA is approximately $271/month and includes water, trash, landscaping, maintenance, pool, and clubhouse. Great opportunity for first-time buyers or investors!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1965
- Lot Size
- 323,414 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $271.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 930 | 936.958 |
| Lot Size | 323,414 | 210,479.972 |
| Price | $475.0K | $452.9K |
| Price per sq ft | $511 | $547 |
| Built year | 1965 | 1973 |
| HOA | $271.0 | $478 |
| Days on market | 22 | 65 |
Pricing History
Listed for Sale
Aug 18, 2026
$475,000
Initial Listing
Sold
Aug 19, 1999
$80,000
Public Record
Sold
Aug 13, 1998
$55,000
Public Record