801 S Lyon Street H-3, 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, representing a stable entry point at its $329,000 Fair Market Value. Strategically located in the Tustin Unified School District, the property offers a proven $2,100 monthly rental income and a unique inclusive HOA that covers utilities and interior maintenance labor. With a Condition Rating of 4, the interior features newer tile floors and Corian counters, complemented by community amenities including a pool and patio. This turnkey acquisition is optimized for Buy-and-Hold Investors or Portfolio Managers targeting consistent cash flow in Santa Ana.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 S Lyon Street H-3 Subject | $329,000* List Price | 1 | 1 | 654 | $503 | - |
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 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renovated 15-30 years ago, fitting the 'Fair' category where major components are functional but show signs of being outdated.
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.
Units in the complex are currently renting for $2100/month, demonstrating a proven and robust income stream for investors.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 654, other record living area = 620.
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.
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.
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!
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 | 654 | 1,344.5 | 6% |
| Lot Size | - | - | 50% |
| Price | $329.0K | $658.5K | 19% |
| Price per sq ft | $503 | $505 | 50% |
| Built year | 1972 | 1974 | 38% |
| HOA | $372.16 | $399 | 44% |
| Days on market | 89 | 191 | 13% |
Jan 23, 2026
$329,000
Initial Listing