2516 N Tustin Avenue A, Santa Ana, California 92705, Santa Ana, 92705 - 2 bed, 2 bath
2516 N Tustin Avenue A
Santa Ana, California 92705
Property Price
SUMMARY
Analysis of 2516 N Tustin Avenue A, Santa Ana, California 92705 is currently available with a list price of $240,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1975, this property has undergone significant recent updates. The description highlights a 'newly remodeled primary bedroom with its own bathroom' and other 'remodeled bathroom' areas, which are supported by images showing modern vanities, fixtures, and lighting. The kitchen features granite countertops and stainless steel appliances, indicating recent upgrades, although the wood cabinets are a more traditional style. The flooring throughout appears to be updated laminate or engineered wood. The home is move-in ready with well-maintained systems and modern touches in key areas, fitting the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Community Amenities
Access to a gated community with a pool, spa, clubhouse, and beautifully landscaped grounds enhances lifestyle and appeal.
- Updated Interior Features
Boasts a newly remodeled primary bedroom and bathroom, central air conditioning, cathedral ceilings, an open floor plan, and a kitchen with granite countertops and ample storage.
- Attractive Price Point
Positioned as a 'Great starter Home' with a current list price of $240,000, offering an accessible entry into the Santa Ana market.
CONSRISKS & DEFICIENCIES
- Leased Land with Limited Term
The property is situated on leased land with the lease expiring in May 2049, which significantly impacts long-term ownership, financing options, and potential resale value.
- High Monthly Association Fee
A substantial monthly association fee of $550 adds a considerable recurring cost to homeownership.
- History of Price Reductions
The property has undergone multiple significant price reductions from its original list price of $330,000 to $240,000, potentially indicating market resistance or initial overvaluation.
About 2516 N Tustin Avenue A
Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1975
- Lot Size
- 347,912 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $550.0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Fairhaven Elementary School
Grades K-6 • 0.7 mi
Portola Middle School
Grades 6-8 • 2.1 mi
Orange High School
Grades 9-12 • 1.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,283 | 1,283 | 50% |
| Lot Size | 347,912 | - | 90% |
| Price | $240.0K | $590.0K | 10% |
| Price per sq ft | $187 | $507 | 10% |
| Built year | 1975 | 1975 | 50% |
| HOA | $550.0 | $449 | 76% |
| Days on market | 201 | 201 | 52% |
Pricing History
Listed for Sale
Feb 7, 2026
$240,000
$270,000
-11% Price Drop
Initial Listing
Price Change
Dec 18, 2025
$270,000
$280,000
-4% Price Drop
Initial Listing
Price Change
Nov 8, 2025
$280,000
$290,000
-3% Price Drop
Initial Listing
Price Change
Sep 20, 2025
$290,000
$315,000
-8% Price Drop
Initial Listing
Price Change
Sep 6, 2025
$315,000
$330,000
-5% Price Drop
Initial Listing
Price Change
Aug 18, 2025
$330,000
Initial Listing