
Santa Ana, California 92704
This property presents a High-Potential Investment Opportunity with a List Price of $355,000—positioned well below the $368,773 Fair Market Value by 3%. This valuation gap offers $13,773 in Instant Equity. Featuring a Fair Condition Rating (5/10), the unit requires a full interior rehab, providing a clear path for forced appreciation. Located in the vibrant South Coast Metro district, this Asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a prime, amenity-rich community.
Property is extensive renovation needed.
Property is 45 years old (built 1981) and falls into the >30y category with no evidence of recent renovation. The kitchen features dated painted cabinetry and linoleum, while the bathroom vanity shows visible wear and water damage, indicating a need for a full interior rehab.
The property is situated within walking distance of South Coast Plaza and the Segerstrom Center for the Arts, offering immediate access to world-class shopping, dining, and cultural entertainment.
Because the HOA owns the land and the land lease is only $1 per year, this unit is eligible for FHA and conventional financing, which is a significant advantage for entry-level buyers.
The gated St. Albans community provides high-end amenities including two pools, two spas, lighted tennis courts, a fitness center, and park-like grounds with walking trails and a pond.
At only 560 square feet, the interior living space is quite compact, which may be a constraint for buyers requiring more storage or larger furniture layouts.
The monthly association fee of $498 is relatively high for a one-bedroom unit of this size, impacting the overall monthly carrying costs for the owner.
Don't miss your chance to live in an affordable single level ground floor home in one of the most charming communities you will ever find. This home is located in the urban South Coast Metro district of Orange County and it is home to the South Coast Plaza which is one of the nation's largest luxury shopping and dining centers along with the world-class Segerstrom Center for the Arts. All are within easy walking distance to your new home. You would be wise to make this cozy condo your own with its open floor plan, enviting fireplace, good-sized kitchen and bedroom as well as your own private, large and enclosed outdoor area for entertaining friends and family or simply relaxing outdoors on a nice day. Of course, there is no need to visit an off-site laundry room, you have your own indoor laundry hook up next to the master bath and this home includes one covered carport parking space #173. The moment you enter the St. Albans community through its regal gates, you will know you are in a special place with its own quaint beauty and wonderful amenities which include park-like grounds with winding walking trails around a pond, two lighted tennis courts, two pools and spas as well as a clubhouse and fitness center. Don't pass up this great opportunity which also offers a notable bonus as the St. Albans HOA owns the land. Owners pay just $1 per year to the HOA for the land lease fee. This makes it possible for eligibile buyers to obtain FHA or conventional financing. Located in one of Orange County's most vibrant neighborhoods, this home is centrally located with easy access to the 405 and 55 freeways. John Wayne Airport is very close as is the UC Irvine campus, the famous Balboa Peninsula and some of California's best and most iconic beaches.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 560 | 936.958 |
| Lot Size | 119,860 | 210,479.972 |
| Price | $325.0K | $452.9K |
| Price per sq ft | $580 | $547 |
| Built year | 1981 | 1973 |
| HOA | $498.0 | $478 |
| Days on market | 45 | 65 |
Sep 3, 2026
$325,000
$355,000
-8% Price Drop
Initial Listing
Jul 26, 2026
$355,000
Initial Listing
Aug 11, 2006
$265,000
Public Record