2514 N Tustin Avenue F, Santa Ana, California 92705, Santa Ana, 92705 - 3 bed, 3 bath
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Santa Ana, California 92705
This Residential Condominium represents a High-Potential Investment Opportunity, listed at $319,900—positioned slightly above the $314,454 Fair Market Value. While the property requires careful consideration of the land lease expiring in 2049 and monthly carrying costs, it features a Condition Rating of 4, bolstered by recent infrastructure upgrades like a new 200-amp panel and re-piping. The 1,617 sqft layout with cathedral ceilings and dual fireplaces offers significant volume. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready space near major freeways.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2514 N Tustin Avenue F Subject | $319,900* List Price | 3 | 3 | 1,617 | $194 | - |
A 2602 N Tustin Avenue D Sold | $292,000 | 3 | 2 | 1,455 | $201 | 0.0 mi |
B 2624 N Tustin Avenue D Active | $319,900 List Price | 3 | 3 | 1,617 | $198 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the home has undergone recent surface refreshes (paint, carpet, faucets) and critical system updates (re-piping and a new 200-amp electrical panel). However, the kitchen and bathrooms remain dated with ceramic tile countertops and older fixtures that appear to be over 20 years old, placing it in the 'Fair' category despite being move-in ready.
The home features significant recent upgrades including fresh paint, new faucets, a complete re-piping, and a new 200-amp electrical panel, ensuring immediate move-in readiness and reduced maintenance concerns.
With 1,617 square feet of living space, cathedral wood ceilings, and dual fireplaces in both the living room and master suite, the property offers a sense of volume and luxury rarely found at this price point.
The property includes a direct-access two-car garage and private patios within a secure gated community, situated with excellent proximity to the 55 and 22 freeways for easy commuting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1617, other record living area = 1455.
The property is subject to substantial non-mortgage expenses, including an $1,809 monthly land lease payment, a $550 HOA fee, and a $155 special assessment, which significantly impacts overall affordability.
The land lease expires in May 2049; this relatively short remaining term can complicate long-term financing options and may negatively affect the property's future appreciation and resale value.
Great starter home in the Gated Community of Shady Hollow! This spectacular two-level home offers 3 bedrooms with 2.5 baths, cathedral ceilings, an open floor plan, central AC, fresh paint throughout, new faucets, completely re-piped and a new updated to 200amp electrical panel to be installed soon, a private front patio area and a generous sized back patio. The first floor includes a kitchen with ceramic countertops, a new gas range and microwave and a half-bath. Spacious dining area with cathedral wood ceilings with fans and direct access to the back patio. A spacious living room with a fireplace and access to the back patio. Direct access to a 2-car garage with washer/dryer hookups. The 2nd level offers a large master bedroom with its own fireplace, a walk-in closet, bathroom with sink cabinet outside. Off the hallway are two other bedrooms and a full bathroom and plenty of linen closet space. Close to the 55 and the 22FWY PLEASE NOTE: UNIT IS SITTING ON LEASED LAND THAT EXPIRES ON 5/2049. LEASE MONTHLY PAYMENT IS $1809, HOA IS $550/MONTH AND A SPECIAL ASSESSMENT OF $155/MONTH FOR SEVEN YEARS.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,617 | 936.5 |
| Lot Size | 413,806 | 256,727 |
| Price | $319.9K | $452.8K |
| Price per sq ft | $198 | $541 |
| Built year | 1974 | 1970 |
| HOA | $550.0 | $492 |
| Days on market | 13 | 73 |
Jul 9, 2026
$319,900
Initial Listing
Jun 28, 2021
$250,000
Public Record
Jun 12, 2009
$65,000
Public Record