700 W La Veta, Orange, California 92868, Orange, 92868 - 2 bed, 2 bath
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Orange, California 92868
This Condominium is a Strong Value Opportunity, listed at $484,999—positioned slightly above the $478,156 Fair Market Value. While the price reflects current market stability, the property offers a Condition Rating of 3, featuring a renovated kitchen and modern flooring. Residents benefit from resort-style amenities, including a pool and spa, and proximity to major medical hubs and universities. Despite the $516 monthly HOA fee, the property remains a viable asset for Buy-and-Hold Investors or first-time buyers seeking a move-in ready, centrally located residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 W La Veta Subject | $479,999* List Price | 2 | 2 | 944 | $504 | - |
A 700 W La Veta Sold | $515,000 | 2 | 2 | 944 | $546 | 0.0 mi |
B 700 W La Veta M12 Sold | $500,000 | 2 | 2 | 944 | $530 | 0.0 mi |
C 700 W La Veta Sold | $350,000 | 2 | 2 | 944 | $371 | 0.0 mi |
D 400 S Flower Street 108 Sold | $557,500 | 2 | 2 | 1,144 | $487 | 0.9 mi |
E 700 W La Veta M3 Sold | $500,000 | 2 | 2 | 944 | $530 | - |
F 700 W La Veta Avenue T4 Active Under Contract | $490,000 List Price | 2 | 2 | 944 | $519 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1972, the property has undergone significant interior updates including a renovated kitchen with modern white shaker cabinets and stone countertops. The living areas feature updated laminate flooring, and the unit is well-maintained and move-in ready, though dated elements like popcorn ceilings and older appliances are still present.
Situated in the heart of Orange, this property offers exceptional proximity to major employment hubs like CHOC and St. Joseph Hospital, as well as Chapman University and key freeway interchanges.
The availability of specialized financing—including 3% down, no PMI, and significant closing cost credits—provides a competitive edge for first-time buyers and investors looking to maximize leverage.
The La Veta Monterey community features high-value amenities including two pools, a spa, and a clubhouse, offering a lifestyle-oriented living environment that appeals to a wide range of tenants and owners.
At $516 per month, the association dues represent a significant recurring expense that may impact the debt-to-income ratio for buyers and the net cash flow for investors.
The local elementary, middle, and high schools carry modest ratings (3-4 range), which may limit the property's appeal to families prioritizing high-performing school districts.
BACK ON MARKET — Your Second Chance at This Gem! Welcome to the sought-after La Veta Monterey community in the heart of Orange! This well-maintained 2-bedroom, 2-bath condo offers 944 sq ft of comfortable living in one of central Orange County's most convenient locations. Enjoy a functional layout, a private patio perfect for morning coffee or relaxing evenings, and access to resort-style community amenities including two pools, a spa, and a clubhouse. Ideally positioned near CHOC, St. Joseph Hospital, Main Place Mall, Chapman University, and Old Towne Orange, with quick access to the 22, 57, 5, and 55 freeways — everything you need is minutes away. Whether you're a first-time buyer, downsizer, or savvy investor, this property checks all the boxes: location, value, and long-term upside with exciting new development planned for the surrounding area. Financing opportunity available — may qualify for 3% down, no PMI, and up to $20,000 toward closing costs or rate buy-down with a specific bank. Don't let this one slip away a second time!
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 944 | 1,081 |
| Lot Size | 172,521 | 165,081 |
| Price | $480.0K | $656.8K |
| Price per sq ft | $508 | $603 |
| Built year | 1972 | 1989 |
| HOA | $516.0 | $380 |
| Days on market | 30 | 50 |
Jul 2, 2026
$479,999
$484,999
-1% Price Drop
Initial Listing
Jun 22, 2026
$484,999
Initial Listing