450 E 4th 309, Santa Ana, California 92701, Santa Ana, 92701 - 0 bed, 0 bath
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Santa Ana, California 92701
This Turnkey Investment Asset is listed at $320,000, representing a stable entry point aligned with its $318,270 Fair Market Value. Currently maintaining a Functional Condition Rating, the property offers immediate rental income with a tenant already in place and the rare urban advantage of two assigned parking spaces. Residents benefit from a courtyard view, gated security, and a community pool and spa within the Santa Ana Unified district. This low-maintenance unit provides clear value-add potential through cosmetic updates, making it a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 450 E 4th 309 Subject | $320,000* List Price | 0 | 0 | 654 | $487 | - |
A 1000 E Bishop Sold | $402,500 | 2 | 2 | 870 | $463 | 0.8 mi |
B 450 E 4th Street 207 Active | $415,000 List Price | 2 | 2 | 829 | $501 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1993, is in functional condition but shows significant signs of being outdated. The interior features original 90s-style elements including popcorn ceilings, basic tile flooring, and a dated bathroom vanity. While well-maintained for a rental, it lacks the modern renovations required for a higher rating.
With a tenant already in place, this property offers immediate rental income, making it an ideal acquisition for investors seeking a seamless transition.
Rare for a one-bedroom unit, this condo includes two assigned parking spaces in a secure garage, providing significant convenience and value in a dense urban area.
The monthly dues cover essential utilities including water, trash, and exterior maintenance, simplifying monthly budgeting for the owner or tenant.
At $560 per month, the association fees are relatively high for a 654-square-foot unit, which may impact the overall cash flow and affordability for some buyers.
The lack of an in-unit washer and dryer requires residents to use communal on-site facilities, which is often viewed as a disadvantage compared to modern condo standards.
Located in a desirable Santa Ana community, this 1-bedroom, 1-bathroom condo offers an excellent investment opportunity with a tenant already in place. The home features a functional open layout with a bright living room, dining area, and kitchen that flow seamlessly together, complemented by tile flooring and a private balcony that provides natural light and outdoor space. The unit is situated within a gated community offering amenities including a pool, playground, and on-site laundry facilities. Two assigned parking spaces in the garage. This property is conveniently located near shopping, dining, and major freeways, making it ideal for everyday living. Water, trash, and exterior maintenance are included in the HOA dues.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 7% |
| Baths | 0.0 | 1.5 | 4% |
| Square foot | 654 | 827 | 21% |
| Lot Size | 122,149 | 89,518 | 61% |
| Price | $320.0K | $401.2K | 25% |
| Price per sq ft | $489 | $481 | 50% |
| Built year | 1993 | 1981 | 79% |
| HOA | $560.0 | $450 | 82% |
| Days on market | 9 | 189 | 4% |
Apr 13, 2026
$320,000
Initial Listing
Apr 27, 2017
$177,000
Public Record
Jan 18, 2008
$121,000
Public Record
Jun 7, 2006
$230,000
Public Record
Jan 26, 1996
$56,000
Public Record