801 S Lyon Street 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, offering a stable acquisition at its $329,000 Fair Market Value. Marketed as a premier investment opportunity, the unit generates a robust $2,100 Monthly Rental Income and benefits from a comprehensive HOA that covers utilities and interior maintenance labor. With a Condition Rating of 3, the interior boasts newer tile floors, Corian counters, and access to a community pool and patio. Located in the Tustin Unified School District, this turnkey property is an ideal addition 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 Street A111 Subject | $329,000* List Price | 1 | 1 | 620 | $531 | - |
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 move-in ready.
Built in 1972, this property has received functional updates including newer tile floors, new paint, Corian counters, a newer stove, and an updated bathroom. While the kitchen cabinets and bathroom vanity appear dated in style, the overall condition is move-in ready with no immediate renovations required, making it suitable for tenants. The in-wall AC and wall heater are functional but not modern systems. The property is well-maintained for its age and recent updates.
Explicitly marketed as a 'GREAT INVESTOR'S OPPORTUNITY' with the option to purchase three units together, offering scalability and portfolio growth.
Units are currently renting for $2100/month, indicating a robust potential for cash flow and return on investment.
HOA dues cover water, gas, trash, interior maintenance labor, landscape, exterior lighting, and insurance, significantly reducing owner's operational responsibilities. The office also manages rentals.
At 620 sqft for a 1-bedroom unit, the size is relatively small, which might limit the tenant demographic or appeal to owner-occupants seeking more space.
Constructed in 1972, the property is over 50 years old, which could lead to concerns about aging infrastructure and potential for future capital expenditures not covered by the standard HOA.
While 'in-wall AC' is present, it is generally less efficient and effective than central air conditioning, potentially impacting comfort during hotter months or increasing utility costs for tenants.
GREAT INVESTOR'S OPPORTUNITY.....There are 3 UNITS TO BE SOLD TOGETHER. All Condos are ON THE 1ST FLOOR with 1 bedroom 1 bath with ALL newer TILE FLOORS, NEW PAINT, CORIAN COUNTERS, STOVE, updated Bathroom, in-wall AC. UNITS IN COMPLEX ARE 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. Other Condo Units are A112 and H3, Sold for $329,000 each an Amazing Investment for all 3 at $987,000 total. JUST MINUTES TO THE SANTA ANA METROPOLITAN DISTRICT AND VERY CLOSE TO THE 5 AND 55 FREEWAYS!
No exterior & parking available.
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 | $329.0K | $658.5K | 19% |
| Price per sq ft | $531 | $508 | 69% |
| Built year | 1972 | 1974 | 38% |
| HOA | $372.16 | $399 | 44% |
| Days on market | 89 | 191 | 13% |
Jan 23, 2026
$329,000
Initial Listing