801 S Lyon Street A112, Santa Ana, California 92705, Santa Ana, 92705 - 1 bed, 1 bath
801 S Lyon Street A112
Santa Ana, California 92705
Property Price
SUMMARY
Analysis of 801 S Lyon Street A112, Santa Ana, California 92705 is currently available with a list price of $329,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1972, this property has received updates such as 'newer tile floors, new paint, Corian counters, and an updated bathroom.' However, the kitchen features basic white cabinets, older white appliances, and a dated fluorescent light fixture. The cooling system is an in-wall AC unit, indicating older technology. While functional and maintained, the style and features of the kitchen and overall systems show signs of being outdated, consistent with renovations likely done 15-25 years ago rather than recent modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Portfolio Investment Opportunity
The offering of three units to be sold together presents a significant portfolio investment opportunity, allowing for immediate scale and diversified income streams.
- Strong Rental Income Potential
Units in the complex are currently renting for $2100/month, indicating robust cash flow potential and high demand in the local rental market.
- Comprehensive HOA Coverage
HOA dues are extensive, covering water, gas, trash, landscape, exterior lighting, insurance, and even labor for interior unit maintenance, significantly reducing owner's operational expenses.
CONSRISKS & DEFICIENCIES
- Compact Unit Size
At 620 sqft, the 1-bedroom units are relatively small, which may limit the target tenant demographic or command lower rents compared to larger units.
- Aging Building Infrastructure
Built in 1972, the complex is over 50 years old. While individual units are updated, the age of the overall building infrastructure could lead to higher maintenance costs or special assessments in the long term, despite current HOA coverage.
- Subpar Elementary School Ratings
The presence of nearby elementary schools with low ratings (2 and 3) could be a deterrent for families with young children, potentially affecting long-term desirability for owner-occupants or certain tenant segments.
About 801 S Lyon Street A112
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 A111 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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350.0 / Month
Neighborhood Insights
Santa Ana Unified Schools
Robert Heideman Elementary School
Grades PK-5 • 0.2 mi
C. C. Lambert Elementary School
Grades PK-5 • 1.6 mi
Tustin Connect Academy
Grades K-8 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 5% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 620 | 1,267 | 5% |
| Lot Size | - | - | 50% |
| Price | $329.0K | $590.0K | 19% |
| Price per sq ft | $531 | $509 | 57% |
| Built year | 1972 | 1974 | 38% |
| HOA | $350.0 | $400 | 33% |
| Days on market | 44 | 172 | 5% |
Pricing History
Listed for Sale
Jan 22, 2026
$329,000
Initial Listing
Sold
Dec 31, 2009
$60,000
Public Record
Sold
Aug 24, 2005
$140,000
Public Record
Sold
Feb 13, 2004
$203,000
Public Record