801 K-4 S Lyon 165, Santa Ana, California 92705, Santa Ana, 92705 - 2 bed, 1 bath
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801 K-4 S Lyon 165
Santa Ana, California 92705
ACTIVE
CONDITION: FAIR
2Beds
1Baths
923Sq Ft
321,403Lot Size
Property Price
LIST PRICE$399,900
EST. MARKET VALUE
$379,099
5% AboveMARKET VALUE
SUMMARY
This condominium presents a High-Potential Investment Opportunity with a List Price of $399,900—positioned well above the $379,100 Fair Market Value by 5%. While the property requires cosmetic updates given its Condition Rating of 4, the unit offers a prime corner location with Pool and Greenbelt Views. The comprehensive HOA coverage and proximity to major freeways provide a stable foundation for rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a central Orange County location.
Estimated Market Value
$379,099
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 K-4 S Lyon 165 Subject | $399,900* List Price | 2 | 1 | 923 | $411 | - |
A 801 S Lyon A205 Sold | $310,000 | 1 | 1 | 668 | $464 | 0.0 mi |
B 801 S Lyon Sold | $285,000 | 1 | 1 | 620 | $460 | 0.0 mi |
C 1707 Normandy Place D Sold | $330,000 | 2 | 1 | 804 | $410 | 0.1 mi |
D 801 K-6 S Lyon 163 Active | $399,900 List Price | 2 | 1 | 923 | $433 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1972 (52 years old) and the listing lacks any mention of recent renovations to the kitchen, bathrooms, or major systems. While the exterior and community grounds are described as well-maintained, the age and visible older wall-mounted AC units suggest the interior is dated and requires cosmetic updates and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Corner Positioning
As a desirable upper-level corner unit, this property offers enhanced privacy and superior views of the pool and greenbelt compared to interior units.
- Comprehensive HOA Benefits
The association fee covers essential utilities including gas, water, trash, and sewer, while providing onsite management that simplifies ownership for residents and investors.
- Strategic Commuter Location
Centrally located in Orange County with immediate access to the 5, 405, 55, and 22 freeways, offering unparalleled connectivity for professionals.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The HOA fee of $627.53 is relatively high for this price point, which may impact buyer affordability and overall debt-to-income ratios.
- Shared Laundry Facilities
The lack of in-unit laundry hookups requires residents to use community facilities, a common inconvenience for modern buyers seeking maximum utility.
About 801 K-4 S Lyon 165
K-4 is perched on the second level with views, this is a 2-bedroom condominium situated in the dynamic core of Orange County. This desirable upper-level corner unit features a balcony that overlooks the serene pool and greenbelt, boasting an estimated 923 square feet, and comes with an assigned carport and an additional parking space. Village Meadows ( a SMOKE FREE COMMUNITY ) offers a convenient lifestyle with an onsite management team making it perfect for buyers looking for a new home or investors ready to assist with screening, leasing, and managing tenants! The HOA fees include gas, water, trash, and sewer services, along with certain maintenance duties. The well-maintained grounds show off expansive green areas, two sparkling pools, and a playground to enjoy. Situated close to shopping centers, the Santa Ana Zoo, public transit, and major roadways, this condo is a must-visit and is truly a hidden jewel! (Community Features: Two Swimming Pools, Community Center, Picnic Areas, Playground and Park Area, Laundry Facilities, Courtesy Patrol Service, Gated Covered Parking, Professionally Landscaped, Close to the Santa Ana 5, San Diego 405, Newport-Costa Mesa 55 and Garden Grove 22 Freeways!)
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- 321,403 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $627.53 / Month
Neighborhood Insights
Santa Ana Unified Schools
Robert Heideman Elementary School
Grades PK-5 • 0.2 mi
3/10
C. C. Lambert Elementary School
Grades PK-5 • 1.6 mi
2/10
Tustin Connect Academy
Grades K-8 • 1.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 923 | 936.958 |
| Lot Size | 321,403 | 210,479.972 |
| Price | $399.9K | $452.9K |
| Price per sq ft | $433 | $547 |
| Built year | 1972 | 1973 |
| HOA | $627.53 | $478 |
| Days on market | 15 | 65 |
Pricing History
Listed for Sale
Aug 25, 2026
$399,900
Initial Listing
Sold
Oct 4, 2018
$260,000
Public Record