
Santa Ana, California 92704
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well below the $350,867 Fair Market Value by 0.25%. Featuring a Condition Rating of 3, this unit offers a versatile 1,566 sqft layout with Dual Primary Suites and a Huge Loft. While subject to a land lease, the property provides immediate access to the South Coast Metro District. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a resort-style lifestyle near South Coast Plaza.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3740 South Bear Street D Subject 2 bd · 2 ba · 1,566 sqft · $182 | $325,000* List Price | 2 | 2 | 1,566 | $182 | - |
A 3740 S Bear St F Sold 2 bd · 2 ba · 1,556 sqft · $167 · 0.0 mi | $260,000 | 2 | 2 | 1,556 | $167 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 1983 but has been well-maintained and recently refreshed with new luxury wide plank flooring, fresh neutral paint, and updated lighting. The kitchen features functional white cabinetry and stainless-steel appliances, making the unit completely move-in ready.
Situated in the heart of the South Coast Metro District, this property offers unparalleled access to world-class shopping at South Coast Plaza and cultural landmarks like the Segerstrom Center for the Arts.
The 1,566 sqft floor plan features dual primary suites and a massive loft with vaulted ceilings, providing a sense of volume and functional flexibility rarely found in area condominiums.
Offered at a significant discount compared to fee-simple properties in the area, this unit presents a unique opportunity for investors to capture equity growth upon land lease renewal.
The property is subject to a land lease rather than fee-simple ownership, which can complicate traditional financing and introduces risk regarding future lease terms and renewals.
The $840 monthly association fee is relatively high, which may impact debt-to-income ratios for buyers and increases the overall monthly cost of ownership.
Perfect for an investor and ideally located in the sought-after South Coast Springs gated community in the heart of South Coast Metro District! Wait for land lease to be renewed and see values climb! Buy this unit for half of what you would pay outside the gates of this community. This spacious upper-level unit overlooks a lush greenbelt and pool area and is blessed with a desirable floor plan featuring Dual Primary Bedroom Suites plus a Huge Loft. Step inside and soak in the fresh neutral interior, sleek luxury wide plank floors, and two story vaulted ceilings, setting the stage for an ideal living environment. The living area features a cozy fireplace and large windows and sliders opening to a spacious balcony providing a superb indoor-outdoor living space. The dining area features an upgraded lighting fixture and is open to the living area, perfect for entertaining. The sparkling kitchen features Stainless-Steel appliances, recessed lighting, a sunny breakfast nook, plantation shutters, and a prized breakfast bar. Travel upstairs to the expansive open loft with built-in cabinets for extra storage, ideal for an executive home office, den/family room, or guest accommodations. The first primary bedroom suite features high vaulted ceilings, a sunny skylight, a full en-suite bath, and direct access through large sliding doors to the balcony with picturesque views of the pool and greenbelt, perfect for an evening glass of wine with a loved one. The second primary bedroom suite features high, vaulted ceilings, a prized walk-in closet, and a spacious en-suite bath with walk-in shower enclosure and linen cupboards. The large balcony overlooking the community greenspaces and pool area is perfect for relaxing with friends and family and includes a convenient laundry closet with full size washer and dryer hookups. Unit includes a detached 1 car garage #121, and 1 uncovered parking space #121. Community amenities include a gated entrance, wooded green spaces and walking paths, meandering streams, guest parking, and two community pools and spa areas. Superbly located in one of Orange county’s most vibrant neighborhoods within walking distance of South Coast Plaza, Segerstrom Center for the Arts, offering the perfect blend of resort-like living with easy access to fine dining, entertainment, and world-class shopping. Cose to John Wayne Airport & UC Irvine campus, with easy 405 & 55 frwy access, and just minutes from the Balboa Peninsula and iconic beaches.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,566 | 920.18 |
| Lot Size | - | 232,361.303 |
| Price | $325.0K | $447.6K |
| Price per sq ft | $208 | $539 |
| Built year | 1983 | 1973 |
| HOA | $840.0 | $472 |
| Days on market | 31 | 66 |
Oct 16, 2026
$325,000
$350,000
-7% Price Drop
Initial Listing
Sep 24, 2026
$350,000
Initial Listing