4201 W 5th St. 332, Santa Ana, California 92703, Santa Ana, 92703 - 2 bed, 1 bath
Loading property details...
4201 W 5th St. 332
Santa Ana, California 92703
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
773Sq Ft
64,401Lot Size
Property Price
LIST PRICE$430,000
EST. MARKET VALUE
$480,800
10% BelowMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $430,000—positioned well below the $480,800 Fair Market Value by 10%. This valuation gap offers $50,800 in Instant Equity. With a Condition Rating of 4, the unit is functional but ready for cosmetic modernization. Residents benefit from a secure gated community with a pool, spa, and proximity to top-rated schools like R. F. Hazard Elementary. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add property.
Estimated Market Value
$480,800+$50,800 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4201 W 5th St. 332 Subject 2 bd · 1 ba · 773 sqft · $622 | $430,000* List Price | 2 | 1 | 773 | $622 | - |
A 5300 W 1st Sold 2 bd · 1 ba · 857 sqft · $618 · 0.9 mi | $530,000 | 2 | 1 | 857 | $618 | 0.9 mi |
B 4201 W 5th Street 311 Active Under Contract 2 bd · 2 ba · 960 sqft · $516 · 0.1 mi | $495,000 List Price | 2 | 2 | 960 | $516 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990, the property is over 30 years old but appears clean and functional. The interior features some minor updates like laminate flooring, but remains dated with older light fixtures and textured ceilings, indicating a need for cosmetic modernizations.
PROSSTRENGTHS & OPPORTUNITIES
- Secure Parking Assets
The property includes both a private 1-car garage and an additional assigned parking space within a secure gated community, providing rare and valuable parking convenience for the area.
- Prime School Proximity
Situated just 0.15 miles from R. F. Hazard Elementary, a highly-rated school (8/10), this location offers exceptional educational value for families with young children.
- Community Amenities
Residents enjoy access to a pool and hot tub, with an HOA fee that covers essential services like insurance and trash, offering a low-maintenance lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =64401, other record lot size in square feet = 66123.
- Accessibility Constraints
Being a third-floor walk-up unit without an elevator, the property may be less appealing to buyers with mobility issues or those who find stairs inconvenient.
- Compact Living Space
At 773 square feet for a two-bedroom configuration, the interior layout is relatively small, which may feel restrictive for buyers seeking more spacious accommodations.
About 4201 W 5th St. 332
A nice 2-bedroom, 1 bath condo, located in a secure gated community in Santa Ana. Offering 773 sq. ft of living space. This unit is a third-floor walk-up single level, with a private balcony, 1-car garage and an additional assigned parking space. Enjoy community amenities that includes pool, hot tub and coverage for insurance and trash.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 64,401 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $335.0 / Month
Neighborhood Insights
Santa Ana Unified Schools
R. F. Hazard Elementary School
Grades K-6 • 0.2 mi
8/10
Rosita Elementary School
Grades K-6 • 0.4 mi
6/10
Heritage Elementary School
Grades PK-6 • 0.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 1.9 |
| Square foot | 773 | 920.18 |
| Lot Size | 64,401 | 232,361.303 |
| Price | $430.0K | $447.6K |
| Price per sq ft | $556 | $539 |
| Built year | 1990 | 1973 |
| HOA | $335.0 | $472 |
| Days on market | 45 | 66 |
Pricing History
Listed for Sale
Sep 22, 2026
$430,000
$420,000
+2% Price Increase
Initial Listing
Price Change
Sep 10, 2026
$420,000
Initial Listing
Sold
May 22, 2015
$190,000
Public Record
Sold
Mar 18, 2005
$250,000
Public Record
Sold
Apr 30, 1999
$73,000
Public Record
Sold
Sep 27, 1996
$49,000
Public Record