
Santa Ana, California 92703
This detached condo represents a High-Potential Investment Opportunity, listed at a List Price of $575,000—positioned well below the $575,796 Fair Market Value by 0.14%. Featuring a Condition Rating of 4, the property offers a clear path to value-add through cosmetic modernization. The detached layout provides rare privacy, while the proximity to the OC Streetcar enhances long-term growth potential. With a functional 3-bedroom floor plan and a private patio, this asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 732 N Figueroa Street Subject | $575,000* List Price | 3 | 3 | 1,193 | $483 | - |
A 4828 W 5th E Active | $729,000 List Price | 3 | 3 | 1,352 | $539 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is over 20 years old with interior finishes, including the kitchen cabinets, white appliances, and tile flooring, appearing dated and original to a previous era. The listing description explicitly notes it as a 'value-add opportunity' requiring 'cosmetic improvements' and modernization, which aligns with the criteria for a functional home needing updates.
As a detached condo with no shared walls, this property offers the rare privacy and quiet of a single-family residence while maintaining a more accessible price point for the Orange County market.
The home presents a significant equity-building opportunity for buyers or investors willing to perform cosmetic improvements and modernizations to capitalize on the area's appreciation.
Ideally situated near the new OC Streetcar station and major freeways, the property is positioned in a high-growth corridor benefiting from ongoing urban redevelopment and infrastructure investment.
The property requires refreshing and modernization to reach its full potential, which may necessitate immediate out-of-pocket expenses for the buyer after closing.
Despite its detached design, the property is subject to a $300 monthly association fee and community regulations, which may deter buyers seeking fee-simple ownership without oversight.
Welcome to 732 N Figueroa St, a rare opportunity to own a 3-bedroom, 2.5-bath detached condo with no shared walls, offering the privacy and feel of a single-family residence at a highly accessible price point in the heart of Orange County. Perfectly suited for both first-time home buyers and savvy investors, this property presents a strong value-add opportunity for those looking to build equity through thoughtful, cosmetic improvements. With solid fundamentals already in place, the next owner has the chance to refresh and modernize the home to their own style while capitalizing on the area's continued appreciation. Located in the dynamic city of Santa Ana, this home sits in a corridor experiencing substantial economic expansion and ongoing redevelopment, driven by infrastructure investment, job growth, and increasing demand for centrally located housing. Long-term forecasts for the area continue to reflect strong upward momentum, making this an attractive hold for investors as well as an ideal entry point for owner-occupants. The property is centrally located near major retail centers, dining, schools, and essential services, providing everyday convenience within minutes of your doorstep. Commuters will appreciate quick access to major freeways and public transit options, including proximity to the newly developed OC Streetcar station, which enhances connectivity throughout the downtown Santa Ana and surrounding employment hubs. Inside, the functional 3-bedroom layout offers flexible living space, ideal for families, roommates, or work-from-home configurations. The detached design adds privacy and reduces noise transfer an uncommon feature in condo living that enhances long-term livability. Whether you are looking to experience homeownership for the first time or expand your investment portfolio, this property delivers the location, structure, and upside potential to make it a standout opportunity. A centrally located, value-driven home with strong growth fundamentals ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,193 | 1,296 | 33% |
| Lot Size | 17,029 | 72,470 | 33% |
| Price | $575.0K | $652.5K | 50% |
| Price per sq ft | $482 | $483 | 50% |
| Built year | 0 | 1983 | 17% |
| HOA | $300.0 | $345 | 33% |
| Days on market | 20 | 109 | 33% |
May 18, 2026
$575,000
Initial Listing
Jan 31, 2000
$134,000
Public Record