801 S Lyon, Santa Ana, California 92705, Santa Ana, 92705 - 1 bed, 1 bath
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Santa Ana, California 92705
This Turnkey Condominium represents a Strong Value Opportunity, listed at $289,900—positioned well below the $301,630 Fair Market Value by 3%. This valuation gap offers $11,730 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit is recently refurbished and move-in ready. With a Walk Score of 70, on-site management, and access to two swimming pools, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, centrally located residence.
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 | $487 | - |
A 801 S Lyon 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 is described as recently refurbished and move-in ready. The bathroom appears clean with updated fixtures, and the listing confirms it is ready for immediate occupancy or leasing, fitting the criteria for a well-maintained property with recent updates.
The unit has been recently refurbished and is move-in ready, providing an immediate opportunity for owner-occupants or investors to lease without the need for initial renovation.
Boasting a Walk Score of 70, the property is situated in a prime location where shopping, dining, and public transportation links are just steps away, increasing its desirability for urban tenants.
The association provides professional property management, concierge services for repairs, and 24/7 maintenance staff, ensuring the complex is well-maintained and secure.
At $593.11 per month, the association fees are relatively high for a one-bedroom unit, which may impact the overall affordability and monthly cash flow for potential investors.
The lack of in-unit laundry hookups requires residents to use shared onsite equipment, which is often viewed as a significant inconvenience compared to modern condominium standards.
Great opportunity for either investor or owner occupant. Unit has been recently refurbished and is ready to lease or have buyer move in. Association fees includes professional property management and concierge services for certain repairs and upgrades. Very high Walk Score of 70, meaning shopping, dining, and transit links are steps away. During the week office staff is available 5 days. Maintenance staff is at the property at all times. This unit comes with a designated parking spot. Complex has two swimming pools, and large playground for children. Laundry equipment is onsite and readily available to all occupants.
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 | $289.9K | $590.0K | 7% |
| Price per sq ft | $468 | $468 | 50% |
| Built year | 1972 | 1972 | 50% |
| HOA | $593.11 | $438 | 80% |
| Days on market | 0 | 222 | 7% |
May 8, 2026
$289,900
Initial Listing
Sep 30, 2022
$312,500
Public Record
Jan 9, 2020
$210,000
Public Record
Feb 18, 2010
$62,500
Public Record
Nov 7, 1994
$40,000
Public Record