
Santa Ana, California 92703
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $1,067,000—positioned well below the $1,120,204 Fair Market Value by 4%. This valuation gap provides $53,204 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home offers a functional layout with high vaulted ceilings, though it requires modernization. With a large lot and Patio access, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5214 W 3rd Subject | $1,099,000* List Price | 4 | 3 | 2,201 | $516 | - |
A 4303 W 5th Sold | $950,000 | 3 | 2 | 1,884 | $504 | 0.7 mi |
B 901 N Mountain View Sold | $915,000 | 3 | 2 | 1,498 | $611 | 0.8 mi |
C 4413 W 5th Active | $899,000 List Price | 5 | 3 | 2,194 | $410 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Although the structure appears newer than the 1915 build date, the interior finishes including the tile flooring, wooden vanities, and bathroom fixtures are dated (approx. 20-30 years old). The presence of a wall AC unit suggests older climate control systems, and the overall aesthetic requires modernization to meet current market standards.
With approximately 2,201 square feet and five bedrooms, this property offers a rare amount of interior space and a functional open-concept layout ideal for large or multi-generational households.
The 6,534 square foot lot provides a large backyard for recreation and gardening, complemented by ample front parking which is a significant asset in this residential area.
The interior features impressive high vaulted ceilings that create an airy, modern feel, enhancing the home's aesthetic value and sense of scale.
Built in 1915, the home may require substantial maintenance or upgrades to its aging infrastructure and core systems to meet modern building standards.
The discrepancy between the bedroom count in public records versus the actual layout could present challenges during the appraisal process or when securing certain types of financing.
Welcome to 5214 W. 3rd Street in Santa Ana! This spacious home offers approximately 2,201 square feet of living space on a generous 6,534 square foot lot, with 5 bedrooms and 3 bathrooms. Step through the front door and immediately appreciate the impressive high vaulted ceilings, open and spacious concept, and functional floor plan designed for comfortable everyday living and entertaining. The generous layout provides plenty of room for a large or growing household and offers flexibility for a variety of living arrangements. With its size and potential, this property presents a wonderful opportunity for a first-time homebuyer, multi-generational household, or investor looking to add value and make the home their own. Outside, the property offers ample front parking along with a large backyard providing plenty of space for entertaining, gardening, or recreation. A large storage shed in the backyard provides additional space for tools, equipment, and storage. Conveniently located in Santa Ana near shopping, dining, schools, parks, and major freeways routes. This is a great opportunity to own a spacious property with plenty of indoor and outdoor space in the heart of Orange County. Buyer and buyer’s agent are advised to independently verify all property information, including but not limited to bedroom count, bathroom count, square footage, lot size, permits, additions, and intended use, to their own satisfaction. Bedroom count may differ from public records.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,201 | 1,531.136 |
| Lot Size | 6,480 | 6,702.356 |
| Price | $1.10M | $1.07M |
| Price per sq ft | $499 | $690 |
| Built year | 1915 | 1958 |
| HOA | $0 | $236 |
| Days on market | 9 | 51 |
Sep 2, 2026
$1,099,000
$1,067,000
+3% Price Increase
Initial Listing
Aug 31, 2026
$1,067,000
Initial Listing
Dec 23, 2011
$452,500
Public Record
Oct 31, 2007
$600,000
Public Record