700 W 3rd A314, Santa Ana, California 92701, Santa Ana, 92701 - 2 bed, 2 bath
700 W 3rd A314
Santa Ana, California 92701
Property Price
SUMMARY
Analysis of 700 W 3rd A314, Santa Ana, California 92701 is currently available with a list price of $380,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1981, this property is well-maintained and move-in ready but shows its age. While the kitchen has been refreshed with stone countertops and stainless steel appliances, and the main living areas feature updated laminate flooring, the bathrooms and overall fixtures remain dated. It fits the criteria for a property over 40 years old with occasional cosmetic updates rather than a full-scale modern renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of Downtown Santa Ana, this property offers exceptional walkability to historic shops, diverse dining, and a vibrant nightlife scene, making it ideal for those seeking an urban lifestyle.
- Versatile Living Space
The floor plan includes two bedrooms plus an additional room, providing rare flexibility for a home office, nursery, or extra storage within a compact footprint.
- Community Amenities
The gated community provides essential urban conveniences including secure covered garage parking, a swimming pool, and dedicated laundry facilities on each floor.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $695 is significantly high relative to the listing price, which may challenge debt-to-income ratios for first-time buyers and reduce net cash flow for investors.
- Low School Ratings
The local public schools carry low performance ratings (2-3 out of 10), which may deter families and impact the long-term appreciation potential of the property.
About 700 W 3rd A314
Welcome to Downtown Santa Ana. This home offers 2 bed, 2 bath with an additional room. This gated community offers a covered garage parking for residents, pool and laundry facility for each floor. Walking distance to Historic Downtown that offers shops, bars, restaurants and a Nightlife. With growing downtown and located in a prime location. Great opportunity for a starter home or investment 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
- $695.0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Martin R. Heninger Elementary School
Grades K-8 • 0.3 mi
Willard Intermediate School
Grades 5-8 • 0.7 mi
Santa Ana High School
Grades 9-12 • 0.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 864 | 846.5 | 50% |
| Lot Size | 208,289 | 122,149 | 66% |
| Price | $380.0K | $411.2K | 34% |
| Price per sq ft | $440 | $494 | 28% |
| Built year | 1981 | 1978 | 53% |
| HOA | $695.0 | $438 | 94% |
| Days on market | 6 | 205 | 3% |
Pricing History
Listed for Sale
Mar 2, 2026
$380,000
Initial Listing
Sold
Aug 11, 2000
$59,500
Public Record