700 W 3rd, Santa Ana, California 92701, Santa Ana, 92701 - 2 bed, 2 bath
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700 W 3rd
Santa Ana, California 92701
ACTIVE
CONDITION: GOOD
2Beds
2Baths
925Sq Ft
208,289Lot Size
Property Price
LIST PRICE$339,999
EST. MARKET VALUE
$354,234
4% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a centrally located condominium listed at $339,999—positioned well below the $354,235 Fair Market Value by 4%. This valuation gap provides $14,236 in Instant Equity. Featuring a Condition Rating of 3, the unit includes modern recessed lighting and updated flooring. With two dedicated parking spaces and proximity to the Civic Center, this property offers a stable, low-maintenance asset. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into the Orange County market.
Estimated Market Value
$354,234+$14,235 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 W 3rd Subject 2 bd · 2 ba · 925 sqft · $383 | $339,999* List Price | 2 | 2 | 925 | $383 | - |
A 600 W 3rd Street A312 Sold 2 bd · 1 ba · 864 sqft · $318 · 0.1 mi | $274,786 | 2 | 1 | 864 | $318 | 0.1 mi |
B 300 E Chestnut Avenue 301 Sold 2 bd · 2 ba · 952 sqft · $362 · 0.7 mi | $345,000 | 2 | 2 | 952 | $362 | 0.7 mi |
C 600 W Third St B211 Sold 2 bd · 1 ba · 864 sqft · $324 · 0.1 mi | $280,000 | 2 | 1 | 864 | $324 | 0.1 mi |
D 600 W 3rd B205 Sold 1 bd · 1 ba · 754 sqft · $371 · 0.1 mi | $280,000 | 1 | 1 | 754 | $371 | 0.1 mi |
E 303 E 9th 7 Sold 1 bd · 2 ba · 897 sqft · $378 · 0.7 mi | $338,888 | 1 | 2 | 897 | $378 | 0.7 mi |
F 450 E 4th Street 319 Sold 2 bd · 2 ba · 829 sqft · $446 · 0.7 mi | $370,000 | 2 | 2 | 829 | $446 | 0.7 mi |
G 711 N Lacy Street D Sold 1 bd · 1 ba · 710 sqft · $445 · 0.9 mi | $316,000 | 1 | 1 | 710 | $445 | 0.9 mi |
H 711 W 1st St #104 Pending 2 bd · 2 ba · 951 sqft · $389 · 0.0 mi | $370,000 List Price | 2 | 2 | 951 | $389 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1981, the interior shows clear signs of a mid-term renovation (5-15 years) including updated wood-look laminate flooring and modern recessed lighting. The unit appears well-maintained and move-in ready, though minor wear is visible on the kitchen breakfast bar edge.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated within walking distance to vibrant Downtown Santa Ana and directly across from the Civic Center, the property offers exceptional access to dining, shopping, and employment hubs.
- Competitive Entry-Level Pricing
Priced at $339,999 for a 2-bedroom, 2-bathroom unit, this property represents a rare and affordable opportunity for first-time homebuyers or investors in the Orange County market.
- Dedicated Parking
The inclusion of two parking spaces is a significant value-add for a centrally located condominium in a high-density urban area where parking is often limited.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $700 is relatively high compared to the listing price, which may impact the overall monthly affordability and debt-to-income ratios for buyers.
- Building Age
Built in 1981, the property may require modern cosmetic updates or system maintenance to compete with newer residential developments in the surrounding area.
About 700 W 3rd
Charming condominium within walking distance to vibrant Downtown Santa Ana and directly across the street from the Civic Center. Enjoy convenient access to restaurants, shopping, entertainment, and more. This home offers 2 bedrooms, 2 bathrooms, and 2 parking spaces. A great opportunity for first-time homebuyers or investors seeking a centrally located property.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 208,289 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $700.0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Martin R. Heninger Elementary School
Grades K-8 • 0.3 mi
3/10
Willard Intermediate School
Grades 5-8 • 0.7 mi
2/10
Santa Ana High School
Grades 9-12 • 0.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 1.9 |
| Square foot | 925 | 920.18 |
| Lot Size | 208,289 | 232,361.303 |
| Price | $340.0K | $447.6K |
| Price per sq ft | $368 | $539 |
| Built year | 1981 | 1973 |
| HOA | $700.0 | $472 |
| Days on market | 9 | 66 |
Pricing History
Listed for Sale
Oct 16, 2026
$339,999
Initial Listing
Sold
Sep 12, 2008
$116,000
Public Record
Sold
Dec 18, 2003
$165,000
Public Record