2624 N Tustin Avenue D, Santa Ana, California 92705, Santa Ana, 92705 - 3 bed, 3 bath
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Santa Ana, California 92705
This Residential Condominium is a High-Potential Investment Opportunity, listed at $319,900—positioned slightly above the $314,454 Fair Market Value. While the property requires cosmetic updates, it features a Fair Condition Rating with significant infrastructure upgrades, including a new 200-amp panel and re-piping. Located in the gated Shady Hollow community, the home offers a spacious 1,617 sqft floor plan with dual fireplaces and a private patio. Due to the Leased Land expiration in 2049, this asset is best suited for Buy-and-Hold Investors or first-time buyers prioritizing location over long-term land equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2624 N Tustin Avenue D 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 2514 N Tustin Avenue F 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.
While the property has undergone significant system maintenance (re-piped, new 200-amp electrical panel, and central AC) and features fresh paint, the kitchen and bathrooms remain dated with 1970s-style ceramic countertops and older cabinetry. Built in 1975, it fits the 'Fair' criteria as a functional but dated home requiring cosmetic updates.
The property has been recently re-piped and features a new 200-amp electrical panel, providing essential modern reliability and reducing the likelihood of immediate maintenance costs.
With 1,617 square feet of living space, cathedral wood ceilings, and dual fireplaces, the home offers a voluminous and inviting atmosphere that exceeds typical condo expectations.
Located in the secure Shady Hollow gated community, the home offers a private 2-car garage and central AC, with convenient access to major transportation arteries like the 55 and 22 freeways.
The unit is situated on leased land expiring in May 2049, which significantly limits long-term equity growth and can make traditional financing more challenging for potential buyers.
Between the $550 monthly association fee and the additional land lease payment, the recurring non-mortgage expenses are substantial and may impact overall affordability.
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 200 amp electrical panel to be installed soon, a private front patio area and a generous sized back patio. The first floor includes a kitchen with a bay window, ceramic countertops, a new gas range and microwave and a half-bath. Spacious dining area with a bay window, 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
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 6-8 • 2.1 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 | 347,912 | 256,727 |
| Price | $319.9K | $452.8K |
| Price per sq ft | $198 | $541 |
| Built year | 1975 | 1970 |
| HOA | $550.0 | $492 |
| Days on market | 13 | 73 |
Jul 9, 2026
$319,900
Initial Listing