2004 W Mcfadden, Santa Ana, California 92704, Santa Ana, 92704 - 3 bed, 2 bath
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Santa Ana, California 92704
This property presents a Strong Value Opportunity with a List Price of $780,000—positioned well above the $712,816 Fair Market Value by 9%. While the price reflects a premium, the home features a large rear addition and a 6,500 sqft lot with rare back alley access, providing significant potential for an ADU. With a Condition Rating of 4, the home requires modernization, making it a strategic project for Buy-and-Hold Investors or first-time buyers looking to build long-term equity through renovation in a central Santa Ana location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2004 W Mcfadden Subject | $780,000* List Price | 3 | 2 | 1,133 | $629 | - |
A 1013 S Shawnee Drive Sold | $875,000 | 3 | 2 | 1,231 | $711 | 0.9 mi |
B 1019 S Shawnee Drive Sold | $931,000 | 3 | 2 | 1,231 | $756 | 0.9 mi |
C 1117 S Arapaho Sold | $920,000 | 3 | 2 | 1,231 | $747 | 1.0 mi |
D 1427 S Rene Sold | $820,000 | 3 | 2 | 1,027 | $798 | 0.5 mi |
E 1806 W Saint Andrew Sold | $990,000 | 3 | 2 | 1,223 | $809 | 0.8 mi |
F 1326 S Marine Sold | $680,000 | 3 | 2 | 1,071 | $635 | 0.7 mi |
G 510 S King Sold | $935,000 | 3 | 2 | 1,278 | $732 | 0.8 mi |
H 1201 S Douglas Active Under Contract | $798,000 List Price | 3 | 2 | 1,233 | $647 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property shows signs of past exterior updates (stucco, decorative fencing, and roof), but the agent's description of 'endless potential' typically indicates a dated interior. Given the age and lack of recent renovation mention, systems and cosmetics are likely >20 years old, requiring modernization.
The property features a large rear addition that significantly enhances the functional square footage, providing a more versatile layout for families or home offices.
With a generous 6,500 sqft lot and rare back alley access, the property offers excellent potential for an Accessory Dwelling Unit (ADU) or simplified backyard projects.
Ideally situated in the New Horizons neighborhood, the home offers exceptional accessibility to major Orange County freeways, diverse dining, and local shopping centers.
Built in 1959 and marketed for its 'potential,' the home likely requires significant capital investment for modern cosmetic and system upgrades.
The assigned intermediate and high schools carry lower academic ratings, which may be a deterrent for families prioritizing top-tier public education.
Welcome to 2004 W. McFadden Avenue in Santa Ana, a wonderful opportunity to own a home in the heart of Orange County, in the city of Santa Ana. 2004 W. McFadden is located in the New Horizon neighborhood, ideally situated near shopping, dining, schools, parks, and major freeways, this property offers both convenience and accessibility. Inside, you'll find a comfortable layout with inviting living spaces and a large addition in the back of the home. The backyard provides ample space, a small garden, easy back alley access. Whether you're a first-time buyer, growing family, or investor, this home offers endless potential in a desirable location. Don't miss the chance to make this Santa Ana property your own!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,133 | 1,505 |
| Lot Size | 6,500 | 6,834.5 |
| Price | $780.0K | $1.05M |
| Price per sq ft | $688 | $672 |
| Built year | 1959 | 1957 |
| HOA | $0 | $215 |
| Days on market | 30 | 50 |
Jun 22, 2026
$780,000
Initial Listing