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3690 S Bear Street 5, Santa Ana, California 92704, Santa Ana, 92704 - 2 bed, 2 bath

3690 S Bear Street 5, Santa Ana, California 92704 home-pic-0
ACTIVE$385,000
3690 S Bear Street 5, Santa Ana, California 92704
2Beds
2Baths
1,093Sqft
79,481Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Accessibility: Strategically located near major cultural, retail, and transportation hubs including South Coast Plaza, Segerstrom Center, John Wayne Airport, and multiple freeways (405, 55, 73, 5).
Top Cons:
Leased Land Ownership: The property is on leased land, which can significantly impact financing options, long-term appreciation, and the overall ownership structure compared to traditional fee simple ownership.

Compared to the nearby listings

Price:$385.0K vs avg $472.5K ($-87,500)17%
Size:1,093 sqft vs avg 878 sqft71%
Price/sqft:$352 vs avg $56910%

More Insights

Built in 1984 (41 years old).
Condition: The property, built in 1984, is 40 years old. While the listing states it's 'beautifully remodeled,' the kitchen features dated honey oak cabinets and white tile countertops. Although the backsplash and gas range appear newer, the microwave and refrigerator are older white models, indicating a partial rather than comprehensive modern renovation. The flooring throughout is updated wood-look laminate, and paint is fresh. Bathrooms are not fully visible but likely reflect similar partial updates or original fixtures. The overall condition suggests regular upkeep and some cosmetic updates, but significant components, particularly in the kitchen, show signs of being outdated, aligning with a 'Fair' condition.
Year Built
1984
Close
-
List price
$385K
Original List price
$400K
Price/Sqft
$352
HOA
$550.73
Days on market
-
Sold On
-
MLS number
OC25044386
Home ConditionFair
Features
Good View: Courtyard, Trees/Woods
Deck
Patio
ViewCourtyard, Trees/Woods

About this home

Don't miss this wonderful opportunity to live in the highly desirable gated community of South Coast Springs! This beautifully remodeled two-bedroom, two-bathroom condo offers an open floor plan with soaring ceilings, abundant natural light, and ample storage. The spacious living area features a cozy gas fireplace and oversized sliding glass doors that seamlessly connect to the expansive deck, creating a perfect blend of indoor and outdoor living. Enjoy serene views of the lush courtyard and picturesque dry creek bed with a walking path. The kitchen flows effortlessly into the living space, making it ideal for entertaining. Both primary suites include en-suite bathrooms and private access to the deck, offering a peaceful retreat. Additional features include in-unit washer and dryer hookups on the private patio and a shared two-car garage. Residents of South Coast Springs enjoy resort like access to a sparkling pool and spa within the gated community. Conveniently located near South Coast Plaza, Segerstrom Center for the Arts, and the OC Fairgrounds, with easy access to John Wayne Airport and major freeways (405, 55, 73, and 5). This home is on leased land—a rare chance to own in this prime location at a fantastic value!

Condition Rating
Fair
The property, built in 1984, is 40 years old. While the listing states it's 'beautifully remodeled,' the kitchen features dated honey oak cabinets and white tile countertops. Although the backsplash and gas range appear newer, the microwave and refrigerator are older white models, indicating a partial rather than comprehensive modern renovation. The flooring throughout is updated wood-look laminate, and paint is fresh. Bathrooms are not fully visible but likely reflect similar partial updates or original fixtures. The overall condition suggests regular upkeep and some cosmetic updates, but significant components, particularly in the kitchen, show signs of being outdated, aligning with a 'Fair' condition.
Pros & Cons

Pros

Prime Location & Accessibility: Strategically located near major cultural, retail, and transportation hubs including South Coast Plaza, Segerstrom Center, John Wayne Airport, and multiple freeways (405, 55, 73, 5).
Gated Community & Amenities: Offers security and a resort-like lifestyle within the desirable South Coast Springs community, featuring access to a sparkling pool and spa.
Remodeled & Modern Interior: The condo boasts a beautifully remodeled interior with an open floor plan, soaring ceilings, abundant natural light, and a cozy gas fireplace.
Enhanced Indoor/Outdoor Living: Features an expansive deck accessible via oversized sliding glass doors, providing serene views of the lush courtyard and a picturesque dry creek bed with a walking path.
Dual Primary Suites & Conveniences: Includes two primary suites, each with an en-suite bathroom and private deck access, complemented by in-unit washer/dryer hookups and a shared two-car garage.

Cons

Leased Land Ownership: The property is on leased land, which can significantly impact financing options, long-term appreciation, and the overall ownership structure compared to traditional fee simple ownership.
High Monthly Association Fee: A substantial monthly association fee of $550.73 adds significantly to the cost of ownership, potentially affecting affordability and investment viability.
Building Age: Constructed in 1984, the building is 40 years old. While the unit is remodeled, older common area systems and infrastructure may lead to future maintenance needs or special assessments.

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