2538 W Macarthur, Santa Ana, California 92704, Santa Ana, 92704 - 2 bed, 2 bath
Loading property details...
Santa Ana, California 92704
This Ground-Level Fixer-Upper Condo is a Prime Investment Opportunity listed at $599,900—positioned well below the $614,237 Fair Market Value by 2%. This entry point provides $14,337 in Instant Equity for buyers prepared to modernize a property with a Fair Condition Rating. While the interior requires comprehensive updates, the asset features a Newer HVAC System and premium Lake and Stream Views within the gated Woodlake community. Located near South Coast Plaza in the Santa Ana Unified district, this value-add project is ideal for Value-Add Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2538 W Macarthur Subject | $599,900* List Price | 2 | 2 | 1,177 | $522 | - |
A 2542 W Macarthur 134 Sold | $649,000 | 2 | 2 | 1,177 | $551 | 0.0 mi |
B 2516 W Macarthur Boulevard C Sold | $459,500 | 1 | 1 | 793 | $579 | 0.0 mi |
C 2516 W Macarthur J Sold | $475,000 | 1 | 1 | 793 | $599 | 0.0 mi |
D 2532 W Macarthur Blvd B Sold | $475,000 | 1 | 1 | 804 | $591 | 0.0 mi |
E 2522 W Macarthur Pending | $649,900 List Price | 2 | 2 | 1,177 | $552 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, this property is a classic example of a well-maintained but dated home. While it features a newer HVAC system (2 years old) and a remodeled shower in the primary bath, the kitchen retains original oak-style cabinetry and older appliances. The presence of older carpeting and tile, combined with the listing's explicit description of the home as a fixer-upper requiring 'hammer and nails,' places it firmly in the fair category as it is functional but requires cosmetic and stylistic modernization.
Nestled in the gated Woodlake community near South Coast Plaza, this ground-level unit offers a tranquil atmosphere with serene views of community streams and waterfalls from multiple vantage points.
The functional floor plan features sliding glass doors in the living area and both bedrooms, leading to private patios that expand the living space and provide a seamless connection to the scenic outdoors.
The property benefits from a newer HVAC system installed just two years ago and high-quality plantation shutters throughout, offering immediate value and improved energy efficiency.
The home retains many of its original 1980s features and is priced as a fixer-upper, requiring a buyer willing to invest in comprehensive cosmetic and functional updates.
At $615 per month, the association dues are relatively high, which may impact overall affordability for some buyers or reduce the net yield for potential investors.
Ground-level 2-bedroom, 2-bath condo nestled in a prime location within the GATED Woodlake community near South Coast Plaza. The spacious living and dining area features a cozy gas fireplace and sliding glass doors that open to fantastic views of the community stream and lake. The galley kitchen includes a microwave and gas stove, along with a charming breakfast nook that opens to the front patio/porch -- perfect for morning coffee or relaxing outdoors. A large primary suite offers its own sliding door access to the tranquil lake and stream setting, connecting to a large private patio designed for relaxation. Primary bath includes two closets, a vanity area, and a remodeled shower. The second bedroom also features sliding doors that open to the front patio, creating excellent indoor-outdoor flow and making the home feel much larger than its nearly 1,200 square feet. Additional features include a NEWER HVAC SYSTEM (2 yrs), plantation shutters throughout, and a convenient washer/dryer closet located on the patio. Parking includes a single carport space and one additional assigned space. Woodlake is known for its peaceful streams, waterfalls, and lush tropical landscaping. WATER and TRASH included with HOA. Other HOA amenities include a pool and spa. Ideally located just minutes from South Coast Plaza, dining, theaters, shopping, and convenient freeway access. With many original features still in place, this home is priced for buyers ready to bring their hammer, nails, and imagination to create something truly special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,177 | 882 | 81% |
| Lot Size | 368,450 | 79,481 | 62% |
| Price | $599.9K | $499.0K | 78% |
| Price per sq ft | $510 | $551 | 24% |
| Built year | 1980 | 1980 | 50% |
| HOA | $615.0 | $426 | 89% |
| Days on market | 40 | 168 | 3% |
Mar 13, 2026
$599,900
Initial Listing
Jul 10, 2017
$455,000
Public Record
Nov 13, 2013
$320,000
Public Record