700 W 3rd A314, Santa Ana, California 92701, Santa Ana, 92701 - 2 bed, 2 bath
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Santa Ana, California 92701
This Downtown Santa Ana Condominium is a Strong Value Opportunity, listed at $380,000—positioned well below the $400,953 Fair Market Value by 5%. This valuation gap offers $20,953 in Instant Equity. The unit features a Condition Rating of 4 with a refreshed kitchen and a versatile additional room for a home office. While the $695 HOA fee is high, the Prime Urban Location and community pool provide significant lifestyle value within the Santa Ana Unified district. This property is a strategic acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 W 3rd A314 Subject | $380,000* List Price | 2 | 2 | 864 | $464 | - |
A 700 W 3rd B107 Sold | $284,000 | 2 | 2 | 864 | $329 | - |
B 450 E 4th Active | $410,000 List Price | 2 | 2 | 808 | $507 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
The gated community provides essential urban conveniences including secure covered garage parking, a swimming pool, and dedicated laundry facilities on each floor.
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.
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.
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.
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades 5-8 • 0.7 mi
Grades 9-12 • 0.1 mi
No sensitive facilities data found.
| 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 | 89,518 | 79% |
| Price | $380.0K | $401.2K | 32% |
| Price per sq ft | $440 | $470 | 36% |
| Built year | 1981 | 1981 | 50% |
| HOA | $695.0 | $450 | 93% |
| Days on market | 51 | 189 | 4% |
Mar 2, 2026
$380,000
Initial Listing
Aug 11, 2000
$59,500
Public Record