32221 Alipaz, San Juan Capistrano, California 92675, San Juan Capistrano, 92675 - 1 bed, 1 bath
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32221 Alipaz
San Juan Capistrano, California 92675
ACTIVE UNDER CONTRACT
CONDITION: GOOD
1Beds
1Baths
764Sq Ft
444,576Lot Size
Property Price
LIST PRICE$395,000
EST. MARKET VALUE
$415,335
4% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a 1-bedroom condominium listed at $395,000, positioned well below the $434,436 Fair Market Value by 9%. This valuation gap provides $39,436 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes modern laminate flooring and updated finishes. Located in the Capistrano Unified School District, it offers proximity to top-rated schools and coastal amenities. This property is an ideal acquisition for first-time buyers or buy-and-hold investors seeking a move-in ready asset.
Estimated Market Value
$415,335+$20,335 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Juan Capistrano.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32221 Alipaz Subject | $395,000* List Price | 1 | 1 | 764 | $544 | - |
A 32221 Alipaz 260 Pending | $425,000 List Price | 1 | 1 | 764 | $556 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1979, the interior shows significant maintenance and cosmetic updates including modern laminate flooring, updated ceiling fans, and fresh paint. The unit appears move-in ready and functional, consistent with a property that has undergone partial renovations within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lifestyle Location
The property is ideally situated within walking distance to the new River Street Marketplace and just 3.5 miles from Doheny State Beach, offering a perfect blend of coastal recreation and boutique urban amenities.
- Market Affordability
Priced at $395,000, this residence represents a rare and highly accessible entry point for homeownership within the competitive South Orange County real estate market.
- Strong School District
Located within the Capistrano Unified School District and zoned for high-performing schools like San Juan Hills High, the property offers added value and long-term investment stability.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =444576, other record lot size in square feet = 444359.
- High Monthly Carrying Costs
The association fee of $558 per month is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Limited Living Space
With only 764 square feet and a single bedroom, the property offers limited flexibility for those needing a home office or additional guest space, narrowing the pool of prospective buyers.
About 32221 Alipaz
Charming one-bedroom retreat in the heart of San Juan Capistrano, just 3.5 miles from Doheny State Beach. Enjoy the perfect blend of coastal relaxation and small-town charm, with the new River Street Marketplace just a short walk away. Explore boutique shopping, delicious dining, Pilates studios, and year-round family-friendly events, all within easy reach. Whether you’re looking for a beach getaway or a convenient home base to experience the best of South Orange County, this location has it all.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 444,576 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $558.0 / Month
Neighborhood Insights
San Juan Capistrano Unified Schools
Kinoshita Elementary School
Grades K-5 • 0.3 mi
3/10
Marco Forster Middle School
Grades 6-8 • 0.8 mi
6/10
San Juan Hills High School
Grades 9-12 • 2.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.6 |
| Baths | 1.0 | 2.1 |
| Square foot | 764 | 1,564.423 |
| Lot Size | 444,576 | 114,157.308 |
| Price | $395.0K | $1.02M |
| Price per sq ft | $517 | $651 |
| Built year | 1979 | 1986 |
| HOA | $558.0 | $459 |
| Days on market | 34 | 61 |
Pricing History
Listed for Sale
Aug 6, 2026
$395,000
Initial Listing