521 S Lyon 11, Santa Ana, California 92701, Santa Ana, 92701 - 2 bed, 3 bath
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Santa Ana, California 92701
This condominium represents a Prime Investment Opportunity, listed at a List Price of $385,000—positioned well below the $398,683 Fair Market Value by 3%. This valuation gap offers $13,683 in Instant Equity. Featuring a Condition Rating of 2 with modern interior renovations, the unit includes a private patio and a functional layout. While the recorded Lis Pendens requires legal due diligence, the property offers significant upside for Buy-and-Hold Investors or first-time buyers seeking a centrally located, renovated asset in Santa Ana.
Property is new construction or fully renovated.
Despite the 1964 build date, the interior has undergone a comprehensive modern renovation within the last 5 years. The kitchen features updated white shaker cabinetry, stone countertops, and stainless steel appliances, while the bathrooms and flooring show contemporary, mint-condition finishes.
Priced at $385,000, the property is listed significantly below its April 2024 sale price of $410,000, offering substantial equity potential in a high-demand Orange County market.
Ideally situated near Downtown Santa Ana and major freeway corridors, providing residents with convenient access to regional employment centers, shopping, and cultural attractions.
The unit features a well-proportioned floor plan with abundant natural light and a private outdoor space, a highly desirable feature for condominium living.
The recorded Lis Pendens indicates pending litigation, which may complicate the closing process, restrict traditional financing options, and require specialized legal due diligence.
Built in 1964 and sold in as-is condition, the property likely requires modernization and may have deferred maintenance issues typical of older structures.
Welcome to Saddleback Park Villas, where comfort, convenience, and opportunity come together in the heart of Santa Ana. This 2-bedroom, 2-bath condominium offers a functional floor plan, abundant natural light, and a private outdoor space perfect for relaxing or entertaining. Ideally situated near shopping, dining, parks, schools, Downtown Santa Ana, and major freeway access, this home places the best of Orange County within easy reach. Whether you're a first-time buyer, investor, or someone looking to add your personal touches, this property presents an exceptional opportunity to build equity in a centrally located community. Residents enjoy convenient access to local amenities, employment centers, cultural attractions, and everyday essentials. PRICED TO REFLECT A RECORDED LIS PENDENS, creating a unique opportunity for buyers seeking value in today's market. Property is being sold AS-IS. Buyers are encouraged to conduct their own independent investigations regarding all aspects of the property, including title and legal matters. Don't miss the chance to own in a well-established community with tremendous long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 980 | 936.5 |
| Lot Size | 348,571 | 256,727 |
| Price | $385.0K | $452.8K |
| Price per sq ft | $393 | $541 |
| Built year | 1964 | 1970 |
| HOA | $455.0 | $492 |
| Days on market | 38 | 73 |
Jun 14, 2026
$385,000
Initial Listing
Apr 22, 2024
$410,000
Public Record
Jul 27, 2010
$138,000
Public Record
Apr 8, 2010
$90,000
Public Record
Jan 9, 2008
$200,000
Public Record