720 N Lacy E, Santa Ana, California 92701, Santa Ana, 92701 - 1 bed, 1 bath
ACTIVE$265,000
720 N Lacy E, Santa Ana, California 92701
1Bed
1Bath
390Sqft
8,000Lot
Year Built
1982
Close
-
List price
$265K
Original List price
$265K
Price/Sqft
$679
HOA
$242
Days on market
-
Sold On
-
MLS number
DW25274079
Home ConditionPoor
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $265.0K(4th), sqft - 390(4th), beds - 1(50th), baths - 1(50th).
property needs repairs is a long term rental
Price History
Date
Event
Price
12/10/25
Listing
$265,000
02/27/98
Sold
$30,000
Condition Rating
Poor
The property, built in 1982, is explicitly stated to 'need repairs' in the MLS description. The exterior images corroborate this, showing significant deferred maintenance with faded/peeling paint, an old and damaged metal fence, and overgrown weeds. While interior photos of the kitchen and bathroom are not available, the overall age and visible neglect suggest these areas are likely outdated and require substantial renovation, aligning with the need for significant repairs and rehabilitation.
Pros & Cons
Pros
Affordable Price Point: Listed at $265,000, this property offers a relatively accessible entry point into the competitive Santa Ana real estate market, appealing to first-time buyers or investors.
Condominium Benefits: As a condominium, the property typically entails less exterior maintenance responsibility for the owner compared to a single-family home, simplifying upkeep.
Investment Potential: Explicitly described as a 'long term rental,' the property presents an immediate opportunity for investors seeking rental income.
Desirable Location: Situated in Santa Ana, California, a well-established city in Southern California known for its urban amenities and accessibility to major employment centers.
Relatively Modern Construction: Built in 1982, the property is of a more recent construction era compared to many older homes in the region, potentially offering a more contemporary foundation and infrastructure.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 390, other record living area = 648.
Requires Repairs: The property description explicitly states it 'needs repairs,' indicating that a buyer should anticipate additional immediate investment for necessary renovations or upgrades.
Limited Living Space: With only 390 square feet, 1 bedroom, and 1 bathroom, the unit offers very compact living quarters, which may limit its appeal to a broader range of buyers or families.
Monthly Association Fee: A recurring monthly association fee of $242 adds to the overall cost of ownership, which potential buyers must factor into their budget.