450 E 4th 342, Santa Ana, California 92701, Santa Ana, 92701 - 0 bed, 0 bath
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Santa Ana, California 92701
This Turnkey Investment Condo is listed at $380,000, positioned well below the $382,514 Fair Market Value by 1%. This pricing provides $2,514 in Instant Equity for an asset maintaining a Condition Rating of 4. The property generates immediate ROI with a tenant already in place and includes high-demand features like a community pool and two assigned garage spaces. Situated near major transit in the Santa Ana Unified district, this is an ideal 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 342 Subject | $380,000* List Price | 0 | 0 | 808 | $473 | - |
A 1000 E Bishop Sold | $402,500 | 2 | 2 | 870 | $463 | 0.8 mi |
B 1000 E Bishop Street M2 Sold | $400,000 | 2 | 2 | 870 | $460 | 0.7 mi |
C 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 was built in 1989 (35 years ago) and the listing lacks any mention of recent major renovations or upgrades to the kitchen and bathrooms. The description focuses on 'functional' aspects and its status as a tenant-occupied investment rather than modern features. The absence of interior photos typically indicates a dated interior that, while maintained, likely shows signs of age and original 1980s styling.
With a tenant already in place, this property offers immediate cash flow and a seamless transition for investors looking for a hassle-free acquisition.
The unit includes two assigned parking spaces within a gated garage, a highly desirable and rare feature for a condominium in this price point and location.
The association dues cover essential utilities including water and trash, as well as exterior maintenance, simplifying monthly budgeting for the owner.
At $604 per month, the HOA dues are relatively high compared to the unit's square footage, which may impact the overall net return on investment.
The property relies on shared on-site laundry facilities rather than in-unit hookups, which can be a significant inconvenience for modern residents and may limit rental premium potential.
Located in a desirable Santa Ana community, this 2-bedroom, 2-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 | 808 | 827 | 43% |
| Lot Size | 122,149 | 89,518 | 61% |
| Price | $380.0K | $401.2K | 32% |
| Price per sq ft | $470 | $471 | 50% |
| Built year | 1989 | 1981 | 64% |
| HOA | $604.0 | $450 | 82% |
| Days on market | 9 | 189 | 4% |
Apr 13, 2026
$380,000
Initial Listing
May 4, 2020
$248,000
Public Record
Mar 18, 2009
$106,000
Public Record
Jun 10, 2004
$164,000
Public Record
Oct 30, 2002
$115,000
Public Record
Aug 6, 1998
$75,000
Public Record
Sep 29, 1995
$73,000
Public Record