721 W 1st, Santa Ana, California 92701, Santa Ana, 92701 - 3 bed, 2 bath
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Santa Ana, California 92701
This ground-floor 3-bedroom condominium is a Strong Value Opportunity, listed at $475,900—positioned well below the $510,800 Fair Market Value by 6%. This valuation gap provides $34,900 in Instant Equity for the incoming owner. Boasting a Move-in Ready Condition Rating, the interior features granite countertops and uniform tile flooring. Its single-level design offers superior accessibility, while the proximity to Santa Ana High School and major freeways enhances long-term desirability. This is an ideal match for first-time buyers or buy-and-hold investors seeking a high-demand Orange County asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 721 W 1st Subject | $475,900* List Price | 3 | 2 | 1,141 | $448 | - |
A 711 W 1st Sold | $500,000 | 3 | 2 | 1,141 | $438 | 0.0 mi |
B 450 4th Street 237 Sold | $425,000 | 2 | 2 | 808 | $526 | 0.7 mi |
C 701 W 1st Street D101 Active Under Contract | $400,000 List Price | 2 | 2 | 951 | $421 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several modern updates, including granite countertops, dark wood cabinetry in the kitchen and bathrooms, and uniform tile flooring throughout. While the building was constructed in 1981, the interior has been well-maintained and partially renovated to meet current functional standards without requiring immediate repairs.
As a downstairs unit with no stairs, this property offers excellent accessibility for seniors, downsizers, or those seeking the convenience of single-level living.
Offering 3 bedrooms and 2 bathrooms at a sub-$500,000 price point provides significant value for first-time homebuyers and investors in the Orange County market.
Situated in the heart of Santa Ana, the property provides residents with immediate access to major freeways, diverse dining options, and local shopping centers.
The monthly HOA fee of $694 is relatively high, which may impact buyer affordability and increase the overall monthly carrying costs compared to similar properties.
Built in 1981, the unit and complex may require interior modernizations or face potential long-term maintenance needs common in older condominium developments.
Welcome to 721 W 1st Street, Unit F103 – a highly desirable ground-floor condo offering comfort, convenience, and accessibility. This downstairs unit features a functional and well-balanced layout, ideal for everyday living. Enjoy the ease of single-level living with no stairs, making it perfect for first-time buyers, downsizers, or investors. Located in a well-maintained community, the property is just minutes from shopping centers, dining, and major freeway access. This is a great opportunity to own a centrally located home with strong long-term value and rental potential.
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 | 3.0 | 2.0 | 86% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,141 | 846.5 | 75% |
| Lot Size | 208,289 | 89,518 | 79% |
| Price | $475.9K | $411.2K | 71% |
| Price per sq ft | $417 | $470 | 25% |
| Built year | 1981 | 1981 | 50% |
| HOA | $694.0 | $450 | 86% |
| Days on market | 14 | 189 | 4% |
Apr 8, 2026
$475,900
Initial Listing
Nov 14, 2005
$300,000
Public Record