801 S Lyon Street A112, Santa Ana, California 92705, Santa Ana, 92705 - 1 bed, 1 bath
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Santa Ana, California 92705
This Portfolio Investment Opportunity is listed at $329,000, positioned near its $323,869 Fair Market Value. The asset's primary value lies in its $2,100 Monthly Rental Income and a unique HOA structure covering utilities and interior maintenance labor. With a Condition Rating of 4, the interior features newer tile floors and Corian counters, complemented by community amenities like a pool and patio. As part of a three-unit package, this is a turnkey acquisition for Buy-and-Hold Investors or Portfolio Managers targeting high-yield residential assets in the Tustin Unified School District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 S Lyon Street A112 Subject | $329,000* List Price | 1 | 1 | 620 | $522 | - |
A 801 S Lyon Street H-3 Active | $329,000 List Price | 1 | 1 | 654 | $503 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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 While functional and maintained, the style and features of the kitchen and overall systems show signs of being outdated, consistent with renovations likely done 15-25 years ago rather than recent modern updates.
The offering of three units to be sold together presents a significant portfolio investment opportunity, allowing for immediate scale and diversified income streams.
Units in the complex are currently renting for $2100/month, indicating robust cash flow potential and high demand in the local rental market.
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.
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.
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.
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.
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!
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 | $329.0K | $658.5K | 19% |
| Price per sq ft | $531 | $508 | 69% |
| Built year | 1972 | 1974 | 38% |
| HOA | $350.0 | $399 | 44% |
| Days on market | 90 | 191 | 13% |
Jan 22, 2026
$329,000
Initial Listing
Dec 31, 2009
$60,000
Public Record
Aug 24, 2005
$140,000
Public Record
Feb 13, 2004
$203,000
Public Record