2234 Cypress, Santa Ana, California 92707, Santa Ana, 92707 - 3 bed, 2 bath
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Santa Ana, California 92707
This property presents a High-Potential Investment Opportunity with a List Price of $899,900—positioned well below the $908,803 Fair Market Value by 0.98%. This valuation gap offers $8,903 in Instant Equity. Featuring a Fair Condition Rating, the home requires modernization, yet its Zoned R2 status and RV alley access provide significant upside for ADU development. This is a strategic asset ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage the large 8,296 sqft lot for long-term value appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2234 Cypress Subject | $899,900* List Price | 3 | 2 | 1,420 | $640 | - |
A 2208 Maple Street Sold | $880,000 | 3 | 2 | 1,568 | $561 | 0.2 mi |
B 1445 Cypress Sold | $670,000 | 3 | 2 | 1,237 | $542 | 0.8 mi |
C 1808 S Van Ness Avenue Sold | $855,000 | 3 | 2 | 1,187 | $720 | 0.6 mi |
D 2118 Hickory Street Sold | $790,000 | 3 | 1 | 1,056 | $748 | 0.4 mi |
E 418 W Carol Sold | $875,000 | 3 | 2 | 1,447 | $605 | 0.9 mi |
F 1614 S Flower Pending | $895,000 List Price | 4 | 2 | 1,548 | $578 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, the property features a dated kitchen with older cabinetry and mismatched appliances likely over 20 years old. The presence of a window AC unit suggests a lack of modern central HVAC, and while the home is functional and move-in ready, it requires significant cosmetic updates and system modernizations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8296, living area = 1420.
The property is situated on a large 8,296 sqft lot zoned R2 with RV alley access, offering significant potential to build an additional unit or ADU to maximize investment value.
A rare find in this area, the oversized backyard and alley access provide ample room for outdoor entertaining, vehicle storage, or future expansions.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The local elementary and middle schools carry low performance ratings (2-3), which may impact the property's appeal to families prioritizing top-tier educational districts.
Built in 1946, the home's aging infrastructure may require significant capital investment for modernizing systems and ensuring long-term structural efficiency.
Home features 3 bedrooms, 2 bathrooms, with over 1400 sqft of living spaces, with tile flooring. The property sits on a large lot close to 8300 sqft, large backyard, with RV alley access. Zoned R2, potentially can build another unit (must check with City).
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-8 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,420 | 1,505 |
| Lot Size | 8,296 | 6,834.5 |
| Price | $899.9K | $1.05M |
| Price per sq ft | $634 | $672 |
| Built year | 1946 | 1957 |
| HOA | $0 | $215 |
| Days on market | 26 | 50 |
Jun 26, 2026
$899,900
Initial Listing
Mar 22, 2017
$400,000
Public Record
Apr 29, 2011
$235,000
Public Record