801 S Lyon A111, Santa Ana, California 92705, Santa Ana, 92705 - 1 bed, 1 bath
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Santa Ana, California 92705
This High-Yield Residential Asset is listed at $329,000, representing a stable acquisition at its $329,000 Fair Market Value. Generating a robust $2,100 monthly rental income, the unit features a Condition Rating of 3 with recent updates including Corian countertops, newer tile flooring, and a renovated bathroom. The comprehensive HOA covers utilities and interior maintenance labor, significantly enhancing the ROI by lowering management overhead. Located within the Tustin Unified School District with access to a community pool and patio, this turnkey property is an optimal choice for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 S Lyon A111 Subject | $329,000* List Price | 1 | 1 | 620 | $531 | - |
A 801 S Lyon Street A111 Active | $329,000 List Price | 1 | 1 | 620 | $531 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1972, the unit features recent interior updates including new paint, newer tile flooring, Corian countertops, and an updated bathroom. It is functional, move-in ready, and currently generating rental income, meeting the criteria for a well-maintained property with a 5-15 year renovation profile.
Currently rented for $2,100 per month against a $329,000 list price, this property offers an excellent gross rental yield and immediate cash flow for investors.
The unit features modern enhancements including newer tile flooring, fresh paint, Corian countertops, and an updated bathroom, reducing the need for immediate capital expenditures.
The association fee covers essential utilities like water, gas, and trash, and uniquely includes labor for interior maintenance, significantly lowering the owner's management burden.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 620, other record living area = 947. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
At 620 square feet, the compact one-bedroom layout may limit the tenant pool to individuals or couples and offers less flexibility than larger units in the area.
Constructed in 1972, the property may face long-term maintenance challenges associated with older building systems and lacks modern amenities like central air conditioning.
GREAT INVESTOR'S OPPORTUNITY!! 1ST FLOOR Condo with 1 bedroom 1 bath with ALL newer TILE FLOORS, NEW PAINT, CORIAN COUNTERS, STOVE, updated Bathroom, in-wall AC. CURRENTLY BEING RENTED FOR $2100/MO. HOA Dues pay for Water, Gas, Trash, Labor inside the Unit for Maintenance Only, Landscape, Exterior Lighting and Insurance. Office takes care of rentals for Owners. JUST MINUTES TO THE SANTA ANA METROPOLITAN DISTRICT AND VERY CLOSE TO THE 5 AND 55 FREEWAYS!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades PK-5 • 1.6 mi
Grades K-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 7% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 620 | 1,224 | 7% |
| Lot Size | 321,403 | 435.6 | 73% |
| Price | $329.0K | $590.0K | 13% |
| Price per sq ft | $531 | $507 | 73% |
| Built year | 1972 | 1972 | 50% |
| HOA | $372.16 | $412 | 47% |
| Days on market | 34 | 223 | 7% |
May 4, 2026
$329,000
Initial Listing
Sep 14, 2001
$250,000
Public Record