801 S Lyon Street H-3, Santa Ana, California 92705, Santa Ana, 92705 - 1 bed, 1 bath
801 S Lyon Street H-3
Santa Ana, California 92705
Property Price
SUMMARY
Analysis of 801 S Lyon Street H-3, 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.
The property was built in 1972, making it over 50 years old. While the listing states 'newer TILE FLOORS, NEW PAINT, CORIAN COUNTERS, STOVE, updated Bathroom, in-wall AC,' the visual evidence suggests these updates are not recent or high-end. The kitchen features basic white appliances and a dated fluorescent light fixture. The bathroom tile, while updated, appears to be an older style. The in-wall AC is functional but not a modern central system. The property is maintained and move-in ready, but the style of the renovations and the age of the building indicate it was likely renovated 15-30 years ago, fitting the 'Fair' category where major components are functional but show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Opportunity
This is explicitly marketed as a 'GREAT INVESTOR'S OPPORTUNITY' with the option to purchase three units together, allowing for portfolio scaling and immediate income generation.
- Strong Rental Income Potential
Units in the complex are currently renting for $2100/month, demonstrating a proven and robust income stream for investors.
- Comprehensive HOA Coverage
HOA dues are highly inclusive, covering water, gas, trash, interior maintenance labor, landscaping, exterior lighting, and insurance, significantly reducing the owner's operational expenses and management burden.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 654, other record living area = 620.
- Compact Unit Size
Each unit is a 1-bedroom, 1-bath with 654 sqft, which is a relatively small footprint and may limit appeal to certain tenant demographics or families seeking more space.
- Building Age
Constructed in 1972, the building is over 50 years old. While individual units are updated, the age of the overall complex could imply potential for future large-scale maintenance or renovation needs not fully covered by the HOA, or a less modern aesthetic for common areas.
About 801 S Lyon Street H-3
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 A111, 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
- $372.16 / 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 | 654 | 1,267 | 5% |
| Lot Size | - | - | 50% |
| Price | $329.0K | $590.0K | 19% |
| Price per sq ft | $503 | $507 | 48% |
| Built year | 1972 | 1974 | 38% |
| HOA | $372.16 | $400 | 43% |
| Days on market | 43 | 172 | 5% |
Pricing History
Listed for Sale
Jan 23, 2026
$329,000
Initial Listing