5311 Santa Barbara, Garden Grove, California 92845, Garden Grove, 92845 - 3 bed, 2 bath
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Garden Grove, California 92845
This Value-Add Residential Asset represents a strategic acquisition in the premier Eastgate area, listed at $900,000—positioned well below the $914,049 Fair Market Value by 1%. This valuation gap offers $14,049 in Instant Equity for buyers prepared for a "cash only" transaction. Holding a Distressed Condition Rating, the 1959 structure requires a comprehensive renovation to capitalize on its 6,262 sq. ft. lot and proximity to top-rated schools like Bell Intermediate. This is a high-upside project perfectly suited for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5311 Santa Barbara Subject | $900,000* List Price | 3 | 2 | 1,213 | $754 | - |
A 6022 Santa Barbara Sold | $940,000 | 3 | 2 | 1,213 | $775 | 0.7 mi |
B 11901 Saint Mark Sold | $950,000 | 3 | 2 | 1,226 | $775 | 0.4 mi |
C 5532 Tiffany Sold | $955,000 | 3 | 2 | 1,276 | $748 | 0.9 mi |
D 12062 Saint Mark Street Sold | $885,000 | 3 | 2 | 1,110 | $797 | 0.5 mi |
E 12711 Tunstall Sold | $920,000 | 3 | 2 | 1,380 | $667 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly marketed as a 'cash only' sale due to its distressed condition, requiring a complete overhaul and extensive repairs. Built in 1959, the exterior shows signs of deferred maintenance such as peeling paint and weathered eaves, and the listing description confirms it is a fixer-upper needing significant capital investment to be made livable.
Situated in the highly sought-after West Garden Grove area near Eastgate Park, the property is located in a premier neighborhood known for its long-term value and desirability.
As a fixer-upper in a high-demand district, this property offers a substantial opportunity for equity growth through renovation, making it ideal for investors or developers.
The 6,262 square foot lot provides ample space for potential home expansion, outdoor entertaining areas, or the addition of an Accessory Dwelling Unit (ADU).
The property is in distressed condition and requires extensive repairs and a complete overhaul, which will necessitate a significant additional capital investment.
The 'cash only' requirement eliminates buyers who rely on traditional mortgage financing, significantly limiting the pool of potential purchasers to well-capitalized investors.
THIS HOME IS LOCATED IN THE HIGHLY SOUGHT AFTER AREA OF WEST GARDEN GROVE IN THE AREA OF EASTGATE PARK.. 3 BEDROOMS 2 FULL BATHS.
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades K-6 • 1.6 mi
Grades K-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,213 | 1,430 | 16% |
| Lot Size | 6,262 | 6,098.4 | 67% |
| Price | $900.0K | $1.10M | 12% |
| Price per sq ft | $742 | $750 | 47% |
| Built year | 1959 | 1963 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 132 | 2% |
Apr 17, 2026
$900,000
Initial Listing