2223 N Broadway L, Santa Ana, California 92706, Santa Ana, 92706 - 2 bed, 2 bath
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2223 N Broadway L
Santa Ana, California 92706
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
2Baths
810Sq Ft
62,457Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$479,351
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $479,352 Fair Market Value by -4%. While the property requires a full interior refresh due to its Fair Condition Rating and original 1978 finishes, it offers significant upside through modernization. Key assets include two underground parking spaces, a private patio, and low HOA dues. This is a strategic value-add acquisition ideal for Buy-and-Hold Investors or first-time buyers looking to build equity through renovation in a central Santa Ana location.
Estimated Market Value
$479,351
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property was built in 1978 (>30 years old) and retains largely original kitchen and bathroom features, including dated oak cabinetry, laminate countertops, and a shell-style vanity sink. While the unit is functional and has newer flooring and a stainless stove, the core systems and aesthetics are over 45 years old and require a full rehab to meet modern standards, aligning with the age-based criteria for poor condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
Situated directly across from the prestigious Floral Park neighborhood and minutes from MainPlace Mall and Downtown Santa Ana, the property offers exceptional access to shopping, dining, and major employment hubs.
- Exceptional Parking Assets
The inclusion of two reserved underground parking spaces plus an assigned guest space is a rare and highly valuable feature for a condominium at this price point.
- Low Association Fees
At $250 per month, the HOA dues are significantly lower than many comparable communities in Orange County, enhancing the property's overall affordability and investment value.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With only 810 square feet of living area for a two-bedroom layout, the interior may feel restrictive for buyers prioritizing spaciousness or extensive storage.
- Lack of Scenic Views
The property is officially listed as having no views, which may limit its appeal to buyers seeking an aesthetic outlook or a greater sense of openness from their private balcony.
About 2223 N Broadway L
Rarely available townhome-style condominium offers an ideal location in the heart of Santa Ana. You'll enjoy the perfect blend of convenience, character, and value. Just minutes from MainPlace Mall, the Bowers Museum, Discovery Cube, parks, schools, and Historic Downtown Santa Ana, this home provides easy access to shopping, dining, entertainment, and major County, State, and Federal government offices. With nearby freeway access, commuting throughout Orange County is easy. Inside, the home features two bedrooms and one full bathroom upstairs, including a primary bedroom with a private balcony. The main level offers a comfortable living room, kitchen, a bathroom, and indoor laundry. An enclosed private patio extends your living space outdoors, perfect for relaxing or entertaining. Additional highlights include two reserved underground parking spaces and guest parking. This move-in-ready home offers exceptional value in one of Santa Ana's most desirable locations.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1978
- Lot Size
- 62,457 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $250.0 / 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 | 810 | 936.958 |
| Lot Size | 62,457 | 210,479.972 |
| Price | $499.0K | $452.9K |
| Price per sq ft | $616 | $547 |
| Built year | 1978 | 1973 |
| HOA | $250.0 | $478 |
| Days on market | 29 | 65 |
Pricing History
Listed for Sale
Aug 11, 2026
$499,000
Initial Listing
Sold
Aug 4, 2009
$120,000
Public Record
Sold
Dec 22, 2005
$330,000
Public Record
Sold
Sep 25, 2001
$129,500
Public Record
Sold
Feb 1, 1994
$75,000
Public Record