2534 Alona, Santa Ana, California 92706, Santa Ana, 92706 - 5 bed, 4 bath
2534 Alona
Santa Ana, California 92706
Property Price
SUMMARY
Analysis of 2534 Alona, Santa Ana, California 92706 reveals a Prime Investment Opportunity with a current list price of $1,479,999—significantly undercutting the $1,567,655 Fair Market Value by 5%. This valuation gap indicates a +$87,656 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2534 Alona Subject | $1,479,999* List Price | 5 | 4 | 2,447 | $641 | - |
A 1030 W 19th Street Sold | $1,215,000 | 4 | 3 | 2,002 | $607 | 0.9 mi |
B 1625 W Santa Clara Avenue Sold | $1,099,000 | 3 | 3 | 1,516 | $725 | 0.3 mi |
C 2542 N Pacific Avenue Active | $1,300,000 List Price | 3 | 2 | 1,898 | $685 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a complete, permitted renovation within the last year, effectively making it a like-new home. It features all-new essential systems including a 5-ton HVAC, electrical panel, and a California Cool Roof, alongside a fully reconfigured modern kitchen, updated bathrooms, new flooring, windows, and recessed lighting throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Modernization
The property has been completely reimagined and permitted with all-new essential systems, including a 5-ton HVAC, electrical panel, and a California Cool Roof, offering a truly turn-key experience.
- Versatile Living Space
Featuring 5 bedrooms, 4 bathrooms, and a designated possible ADU space, this home provides exceptional flexibility for multi-generational families or potential rental income opportunities.
- Premium Master Suite
The large, permitted master bedroom includes high-end upgrades such as dual sinks and a walk-in closet, providing a luxury retreat rarely found in homes of this vintage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Recently Sold Property
The property was recently sold within the past year on 2025-05-02. The sold price is $1,085,000.00.
- Limited Outdoor Space
With a 2,447 sqft home situated on a 6,080 sqft lot, the remaining yard space may feel constrained for buyers seeking expansive outdoor recreation or large gardening areas.
About 2534 Alona
Completely Permitted & Reimagined 5 Bed & 4 Bathrooms with a Large Permitted Master Bedroom (Dual Sinks, Walk In Closet, Shower), Reconfigured & Permitted Kitchen, with Possible ADU Space. ALL NEW: 5 Ton HVAC System, Windows, Doors, Moldings, Flooring, Bathrooms, Doors, Electric Panel, Closet Doors, Recessed Lights, Switches, Outlets, Rails, Lighting, Cabinets, Walls, Fireplace Facing, Garage Roll Up Doors, Landscape w/Auto Sprinklers & California Cool Roof.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 6,080 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 87% |
| Baths | 4.0 | 2.0 | 84% |
| Square foot | 2,447 | 1,896 | 80% |
| Lot Size | 6,080 | 7,590 | 13% |
| Price | $1.48M | $1.23M | 76% |
| Price per sq ft | $605 | $657 | 38% |
| Built year | 1968 | 1954 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 180 | 4% |
Pricing History
Listed for Sale
Mar 1, 2026
$1,479,999
$1,449,999
+2% Price Increase
Initial Listing
Price Change
Feb 3, 2026
$1,449,999
Initial Listing
Sold
May 2, 2025
$1,085,000
Public Record