700 W 3rd C206, Santa Ana, California 92701, Santa Ana, 92701 - 2 bed, 2 bath
700 W 3rd C206
Santa Ana, California 92701
Property Price
SUMMARY
Analysis of 700 W 3rd C206, Santa Ana, California 92701 is currently available with a list price of $390,000. 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, the property is well-maintained but remains largely in its original or slightly updated state. The kitchen features dated white appliances and laminate countertops, and the bathrooms show older fixtures and finishes. While the unit is move-in ready with updated laminate flooring, it lacks modern renovations and in-unit laundry, consistent with the 'fair' criteria for a 40+ year old building with only minor upkeep.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the heart of Downtown Santa Ana, this property offers exceptional walkability to the Historic District, Artist Village, and the Civic Center, making it ideal for an urban lifestyle.
- Functional Layout and Parking
The condo features a desirable two-bedroom, two-bathroom configuration complemented by two dedicated parking spots, a rare and valuable asset in a dense downtown environment.
- Comprehensive Community Amenities
Located within a gated community, residents have access to premium amenities including two swimming pools, elevator access, and an on-site HOA manager for added security and convenience.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $700 is significantly high relative to the listing price, which may impact the debt-to-income ratio for buyers and reduce net cash flow for investors.
- Communal Laundry Facilities
The lack of in-unit laundry hookups requires residents to use a shared facility, which is often viewed as a disadvantage compared to more modern condominium units.
About 700 W 3rd C206
Great opportunity for an owner-occupant or investor in the heart of Downtown Santa Ana! This charming 2-bed, 2-bath, 2 parking spots condo is located on the 2nd floor overlooking Flower Street, offering easy access to all areas of the community. Enjoy a prime location within walking distance to the Santa Ana Historic District, Artist Village, and Historic 4th Street, home to boutique shops, cafés, restaurants, theaters, nightlife, and local events. Perfect for living and working, it’s also just steps from the Civic Center, Courthouse District, and County offices. Towns Square offers a gated community with on-site HOA manager, two pools, laundry facility, elevator access, and much more.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- -
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
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 | 925 | 846.5 | 59% |
| Lot Size | - | 122,149 | 16% |
| Price | $390.0K | $411.2K | 44% |
| Price per sq ft | $422 | $494 | 16% |
| Built year | 1981 | 1978 | 53% |
| HOA | $700.0 | $438 | 97% |
| Days on market | 141 | 204 | 22% |
Pricing History
Listed for Sale
Oct 17, 2025
$390,000
Initial Listing