
Santa Ana, California 92703
This Value-Add Residential Asset represents a High-Potential Investment Opportunity listed at $699,000—positioned well below the $718,780 Fair Market Value by 2%. This valuation gap secures $19,780 in Instant Equity for buyers navigating this probate sale. Holding a Condition Rating of 5, the property requires substantial rehabilitation, including a disclosed sewer line repair. However, the 6,466 sqft lot and detached two-car garage provide a clear path for forced appreciation via an ADU conversion. This cash-only acquisition is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 538 Wood Subject | $699,000* List Price | 3 | 2 | 1,165 | $617 | - |
A 1413 Highland Sold | $750,000 | 3 | 2 | 1,134 | $661 | 0.6 mi |
B 625 Shelley Street Sold | $740,000 | 3 | 2 | 1,120 | $661 | 0.1 mi |
C 1644 W Wisteria Sold | $835,000 | 3 | 2 | 1,214 | $688 | 0.4 mi |
D 1618 W 9th Sold | $774,200 | 3 | 1 | 1,165 | $665 | 0.9 mi |
E 1030 W Myrtle Street Sold | $725,000 | 3 | 1 | 1,232 | $588 | 1.0 mi |
F 526 Nottingham Avenue Pending | $725,000 List Price | 4 | 2 | 1,248 | $581 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1955 probate property is a classic fixer-upper requiring substantial rehabilitation. The interior features heavily stained and worn carpeting, an outdated kitchen with damaged countertops, and a vintage bathroom that has not been updated in decades. The listing also discloses a known sewer line issue and specifies a cash-only, 'as-is' sale, indicating the home is not currently in move-in condition.
The expansive 6,466 sqft lot and detached two-car garage provide significant opportunities for an ADU conversion or a substantial backyard expansion to increase property value.
Being situated adjacent to Fountain Valley offers a desirable residential setting with strong potential for appreciation and proximity to high-quality amenities.
The property already features updated windows and a functional indoor laundry room, providing a solid starting point that reduces the initial scope of necessary improvements.
The home is a probate fixer with a known sewer line issue and is being sold strictly 'as-is' with no repairs or credits, requiring significant immediate capital investment.
The requirement for cash-only buyers and a court-confirmation process creates a high barrier to entry and a more complex, time-consuming closing timeline compared to traditional sales.
Probate Fixer Opportunity! Fountain Valley adjacent... This is a court-confirmation sale requiring a 3% initial deposit and is being offered strictly for cash buyers. Incredible potential awaits in this three-bedroom, one-and-a-half-bath home, ready for renovation and transformation. The property features a spacious living room filled with natural light, a functional kitchen with an adjoining dining area, and a convenient indoor laundry room. All three bedrooms are generously sized, offering flexibility for redesign or modernization. Updated windows are already in place, providing a solid starting point for improvements. Situated on a large lot, the expansive backyard offers endless possibilities for expansion, outdoor living spaces, or future enhancements. A detached two-car garage adds additional value and utility, ideal for storage, workshop space, or potential ADU conversion (buyer to verify). This property is perfect for investors, contractors, or buyers looking to create their own vision. With the right upgrades, this home has the potential to deliver significant upside. Property is being sold in its present “AS IS” condition with no repairs, credits, or termite clearance to be provided by the seller. Buyer to conduct all investigations to their satisfaction. There is an issue with the sewer line, but have no other information beyond what we were told.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,165 | 1,285 | 34% |
| Lot Size | 6,466 | 6,466 | 50% |
| Price | $699.0K | $835.0K | 11% |
| Price per sq ft | $600 | $661 | 34% |
| Built year | 1955 | 1954 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 174 | 2% |
Apr 14, 2026
$699,000
Initial Listing