
Santa Ana, California 92705
This Value-Add Condominium serves as a strategic entry point into the Santa Ana market with a List Price of $289,900, reflecting its $280,240 Fair Market Value. Identified with a Poor Condition Rating, the property requires a full interior overhaul, offering substantial upside for those looking to capture equity through renovation. The gated Village Meadows community features a swimming pool and mature grounds within the Tustin Unified School District. This asset is a high-potential project perfectly suited for Fix-and-Flip Investors or Buy-and-Hold Investors targeting the Orange County rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 S Lyon Subject | $289,900* List Price | 1 | 1 | 620 | $452 | - |
A 801 S Lyon Street A112 Active | $329,000 List Price | 1 | 1 | 620 | $531 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1972, making it 52 years old. Crucially, there are no interior images provided in the listing, which is a significant red flag. For a property of this age, the complete absence of photos for the kitchen, bathrooms, flooring, and other interior spaces strongly suggests that these areas are severely outdated and likely require substantial repairs and rehabilitation. If the interior had been recently renovated or was in good condition, the listing agent would undoubtedly showcase these features. Without any evidence of updates, it's highly probable that major components such as kitchen appliances, light fixtures, flooring, and potentially cooling/heating systems and electrical devices are original or from a very old renovation (30-50 years ago), placing the property in the 'Poor' category, requiring significant investment to meet modern living standards.
Well-established gated community offering enhanced security, mature landscaping, a sparkling swimming pool, playground, and leisure walkways, contributing to a desirable lifestyle.
The HOA fee covers extensive services including onsite management, maintenance, water, gas, and trash, significantly reducing monthly out-of-pocket expenses for residents.
Situated in Santa Ana, Orange County, a desirable and robust real estate market known for its potential for appreciation and strong rental demand.
The $518 monthly HOA fee is considerably high for a 620 sqft 1 bed/1 bath unit, potentially impacting affordability and investment returns despite comprehensive inclusions.
The unit's small 620 sqft footprint may limit appeal for some buyers, and its 1972 construction year could imply a need for future updates or maintenance.
The property description explicitly states 'view: None,' which might be a disadvantage for buyers seeking scenic outlooks from their home.
Welcome to Village Meadows, a well established gated community in Santa Ana! This picturesque condo complex showcases lots of mature trees and well maintained grounds. HOA includes onsite management, maintenance fees, water, gas and trash service. Amenities include a sparkling swimming pool, playground, and walkways for a leisure stroll. This is a great investor opportunity to own a piece of Orange County! Don't miss out, call today for more information!
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 | 2.5 | 6% |
| Baths | 1.0 | 2.5 | 6% |
| Square foot | 620 | 1,344.5 | 6% |
| Lot Size | - | - | 50% |
| Price | $289.9K | $658.5K | 13% |
| Price per sq ft | $468 | $487 | 50% |
| Built year | 1972 | 1974 | 38% |
| HOA | $518.0 | $430 | 69% |
| Days on market | 179 | 191 | 38% |
Dec 16, 2025
$289,900
$299,900
-3% Price Drop
Initial Listing
Oct 25, 2025
$299,900
Initial Listing