2516 N Tustin Ave Unit A · Santa Ana, CA 92705

$215,000

2 bd · 2.0 ba · 1,283 sqft · Condo · 258 Days on market

Built 1975 $168/sqft · 40% below area Est $358k · 40% under $705/mo HOA · 22% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.4/30.0
• ARV discount +15.0/15.0
• 1% rule +9.8/10.0
• DSCR +6.8/10.0
• Schools +4.5/10.0
• Rent growth +3.4/5.0
• Livability +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

Key facts

• $705 HOA
• 2 garage spots
• Community pool

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $215k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Recommended offer: $189k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 2.5% in Santa Ana — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 55/100 on livability (#871 in CA) — a working-class tenant base; expect higher turnover. Strengths: employment A; Watch: schools D, crime D-, amenities F.
• Orange Unified (urban): math 39% / reading 60% proficiency, ranked #127 of 517 in CA (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.7%/yr); 97 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 258 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y ago; this cycle's ask has dropped $115k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $48k; list at $215k implies a 343% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.

Recommended offer $189,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 258 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.48% ✓
• Cap rate: 8.07%
• Cash-on-cash: 6.36%
• DSCR: 1.28
• GRM: 5.6

CMA / ARV

• ARV (median comp): $358,041
• List price: $215,000
• Delta: -39.95%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.72% rent growth · sell at horizon

5-year hold

• IRR: -5.2%
• Equity multiple: 0.81×
• Total profit: $-11,707
• Equity at exit: $32,057

10-year hold

• IRR: 5.9%
• Equity multiple: 1.46×
• Total profit: $27,595
• Equity at exit: $18,589

Cash invested: $60,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92705

• Rents YoY: 3.7%
• Active inventory: 97
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $3,177 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,225/yr
• Insurance: −$90
• HOA: −$705
• Vacancy / Maint / Mgmt: −$667
• Net cashflow: $319

Break-even live

Break-even rent $2,773

Max offer price $215,000

Occupancy floor 85%

Sensitivity live

Price	-10% $468	-5% $394	+0% $319	+5% $245	+10% $171
Rent	-10% $68	-5% $194	+0% $319	+5% $445	+10% $570
Rate	-1.0pp $428	-0.5pp $374	base $319	+0.5pp $264	+1.0pp $207

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2414 N Tustin Ave Santa Ana, CA	2.0	1.0–2.0	738	$2,933	$3.97	2d	41	0.19mi
819 S Ponderosa St Orange, CA	2.0	2.0	1300	$2,980	$2.29	44d	1	0.29mi
2243 E Santa Clara Ave Santa Ana, CA	1.0–2.0	1.0–2.0	991	$2,925	$2.95	25d	3	0.30mi
2215 E Avalon Ave Santa Ana, CA	3.0	2.0	1315	$1,400	$1.06	44d	1	0.37mi
2210 E Avalon Ave Unit 2210 Santa Ana, CA	3.0	2.0	1325	$3,800	$2.87	44d	1	0.39mi
2232 E Lenita Ln Unit K Santa Ana, CA	2.0	1.0	900	$2,695	$2.99	25d	1	0.59mi
2232 E Lenita Ln Unit K Santa Ana, CA	2.0	1.0	900	$2,695	$2.99	44d	1	0.59mi
1920 Sherry Ln Santa Ana, CA	2.0	2.0	1080	$2,995	$2.77	25d	1	0.76mi
1300 Fairhaven Ave Santa Ana, CA	1.0–2.0	1.0–2.0	900	$2,879	$3.20	8d	5	0.91mi
1600 Mabury St Santa Ana, CA	3.0	2.0	1480	$3,595	$2.43	44d	1	0.98mi
326 S Waverly St Apt 4 Orange, CA	2.0	2.0	940	$2,995	$3.19	25d	1	0.98mi
817 E Palmyra Ave Orange, CA	2.0	2.0	1656	$3,000	$1.81	23d	1	1.06mi
1201 Fairhaven Ave Santa Ana, CA	1.0–2.0	1.0–2.0	863	$3,275	$3.79	6d	8	1.10mi
478 S Grand St Orange, CA	3.0	1.0	1066	$4,195	$3.94	16d	1	1.12mi
478 S Grand St Orange, CA	3.0	1.0	1066	$3,995	$3.75	11d	1	1.12mi
480 S Grand St Unit 478 Orange, CA	3.0	1.0	1066	$3,995	$3.75	6d	1	1.13mi
1094 Cabrillo Park Dr Unit B Santa Ana, CA	2.0	2.0	1007	$2,545	$2.53	44d	1	1.17mi
340 W Fairway Dr Apt B Orange, CA	2.0	2.0	950	$2,400	$2.53	13d	1	1.25mi
1311 E Washington Pl Unit H-3 Santa Ana, CA	2.0	1.0	950	$3,050	$3.21	18d	1	1.29mi
619 S Cypress St Unit B Orange, CA	2.0	2.0	1000	$2,900	$2.90	44d	1	1.29mi
750 N Parkcenter Dr Santa Ana, CA	1.0–2.0	1.0–2.0	877	$3,614	$4.12	7d	9	1.30mi
1311 E Washington Pl Apt C3 Santa Ana, CA	2.0	1.0	950	$3,145	$3.31	25d	1	1.30mi
1311 E Washington Pl Unit P-1 Santa Ana, CA	2.0	1.0	950	$3,255	$3.43	25d	1	1.30mi
344 W Tularosa Ave Unit Tularosa 344 (C) Orange, CA	2.0	2.0	950	$2,495	$2.63	19d	1	1.31mi
344 W Tularosa Ave Orange, CA	2.0	2.0	950	$2,495	$2.63	25d	1	1.31mi
316 W La Veta Ave Unit 326 C Orange, CA	2.0	2.0	1000	$2,575	$2.58	8d	1	1.31mi
336 W La Veta Ave Unit D Orange, CA	2.0	2.0	1080	$2,750	$2.55	44d	1	1.33mi
181 N Waverly St Orange, CA	3.0	2.0	1522	$4,900	$3.22	44d	1	1.33mi
602 S Cypress St Unit B Orange, CA	2.0	2.0	950	$2,495	$2.63	12d	1	1.33mi
166 N Cambridge St Orange, CA	3.0	2.0	1100	$3,995	$3.63	17d	1	1.34mi
408 W La Veta Ave Orange, CA	3.0	2.0	1439	$4,000	$2.78	44d	1	1.35mi
201 N Wayfield St Orange, CA	1.0–2.0	1.0–2.0	870	$2,945	$3.39	13d	2	1.36mi
401 W La Veta Ave Orange, CA	2.0–3.0	2.0–2.5	1152	$2,595	$2.25	11d	6	1.37mi
573 N Tustin Ave Apt H Santa Ana, CA	2.0	1.0	910	$2,500	$2.75	44d	1	1.39mi
587 N Tustin Ave Unit G Santa Ana, CA	2.0	1.0	910	$2,450	$2.69	44d	1	1.40mi
563 N Tustin Ave Apt G Santa Ana, CA	1.0	1.0	910	$2,050	$2.25	6d	1	1.40mi
559 N Tustin Ave Apt E Santa Ana, CA	2.0	1.0	910	$2,550	$2.80	44d	1	1.40mi
850 W Town and Country Rd Orange, CA	3.0	1.0–2.0	1008	$3,775	$3.75	2d	27	1.47mi
345 N Shattuck Pl Orange, CA	3.0	1.5	1434	$5,195	$3.62	17d	1	1.47mi
345 N Shattuck Pl Orange, CA	3.0	2.0	1421	$5,195	$3.66	13d	1	1.47mi

HOA detail condo

• Monthly dues: $705 · $8,460/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-21
   days on market $215,000 Active 258 DOM
2. 2026-06-18
   days on market $215,000 Active 255 DOM
3. 2026-06-17
   days on market $215,000 Active 254 DOM
4. 2026-06-16
   days on market $215,000 Active 253 DOM
5. 2026-06-15
   days on market $215,000 Active 252 DOM
6. 2026-06-13
   days on market $215,000 Active 250 DOM
7. 2026-06-13
   days on market $215,000 Active 249 DOM
8. 2026-06-09
   days on market $215,000 Active 246 DOM
9. 2026-06-08
   days on market $215,000 Active 245 DOM
10. 2026-06-07
    days on market $215,000 Active 244 DOM
11. 2026-06-04
    days on market $215,000 Active 241 DOM
12. 2026-06-03
    days on market $215,000 Active 240 DOM
13. 2026-06-02
    days on market $215,000 Active 239 DOM
14. 2026-06-01
    days on market $215,000 Active 238 DOM
15. 2026-05-31
    days on market $215,000 Active 237 DOM
16. 2026-05-09
    status Active 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

17. 2026-04-20
    status Pending Sale 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

18. 2026-02-07
    price $240,000 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

19. 2025-12-18
    price $270,000 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

20. 2025-11-07
    status Active 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

21. 2025-11-07
    price $280,000 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

22. 2025-10-08
    status Pending Sale 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

23. 2025-09-19
    price $290,000 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

24. 2025-09-05
    price $315,000 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

25. 2025-08-18
    listed $330,000 Active 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

26. 2025-08-16
    historical $330,000 993-char remark

    Show marketing remark (993 chars)

    Welcome to Shady Hollow Community - Come and see this Great starter Home with Open floor plan and lots of space. Important facts: This Home is located on Leased Land with a monthly fee, and it expires 5/2049. This unit is nestled at easy access into this gated community. Private front patio ready for your morning coffee. Walk into cathedral ceilings, central a/c, lots of natural light. Gather with family in the large spacious kitchen and dining area that feature a warm fireplace. Lots of cabinets and storage with granite countertop. Cozy back yard ready for your personal touch. Newly remodeled primary bedroom with its own bathroom. Check out this remodeled bathroom! Hall Bath has your Tub/Shower spacious. and second roomy bedroom. 2 car garage is big and your laundry hookups inside. Get ready this is your opportunity to a beautifully landscaped community. as you enjoy the Pool, spa, & clubhouse. Don't miss out, this one is ready for you. Schedule your private showing today!

27. 2009-04-10
    soldstatus $48,500 Closed 212-char remark

    Show marketing remark (212 chars)

    Nice single level that shows light and bright! Nice rear patio that affords privacy galore. Great location close to everything, i. e. shopping, freeways, parks, etc. Property is in good condition and very clean.

28. 2009-03-28
    historical 212-char remark

    Show marketing remark (212 chars)

    Nice single level that shows light and bright! Nice rear patio that affords privacy galore. Great location close to everything, i. e. shopping, freeways, parks, etc. Property is in good condition and very clean.

29. 2009-02-09
    price $45,900 212-char remark

    Show marketing remark (212 chars)

    Nice single level that shows light and bright! Nice rear patio that affords privacy galore. Great location close to everything, i. e. shopping, freeways, parks, etc. Property is in good condition and very clean.

30. 2009-01-02
    price $51,680 212-char remark

    Show marketing remark (212 chars)

    Nice single level that shows light and bright! Nice rear patio that affords privacy galore. Great location close to everything, i. e. shopping, freeways, parks, etc. Property is in good condition and very clean.

31. 2008-11-28
    listed $56,680 212-char remark

    Show marketing remark (212 chars)

    Nice single level that shows light and bright! Nice rear patio that affords privacy galore. Great location close to everything, i. e. shopping, freeways, parks, etc. Property is in good condition and very clean.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $38,127
• − Mortgage interest: −$12,043
• − Property taxes: −$3,225
• − Insurance: −$1,075
• − Repairs & maintenance: −$3,050
• − Management: −$3,050
• − HOA: −$8,460
• − Depreciation: −$6,255
• Taxable income: $969
• Est. tax owed @ 24.0%: −$233
• After-tax cash flow: $3,598/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Orange Unified
• NCES district ID: 0628650
• Math proficiency: 39% ▼ -6.00%
• Reading proficiency: 60% ▲ 3.00%
• Median HH income: $83,557
• Composite: 45.5/100
• National rank: #2609
• State rank: #127 of 517 in CA

Livability — Santa Ana

• Score: 55/100
• State rank: #871
• US rank: #23502

Category grades

Amenities F Commute F Cost of living F Crime D- Employment A Housing B- Health & safety F User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Santa Ana, CA
• County: Orange County · 3,096,323 people
• City population: 288,255
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 48,781
• Household income: $129,331
• Rent vs Own: 38.7% rent · 61.3% own
• Severe rent burden: 1962.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 3,477,456 people
• By 2030: 3,613,117 · +3.9%
• By 2040: 3,835,945 · +10.3%
• By 2050: 3,968,736 · +14.1%
• By 2075: 4,097,053 · +17.8%
• By 2100: 3,903,633 · +12.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Hispanic / Latino 48% White 34% Two or more races 17% Asian 11% Black 1%
• Hispanic origin (detail): Mexican 42%
• Common ancestry: Lithuanian 2% Italian 1% Romanian 1%
• Foreign-born: 25% · Canada, Vietnam, China
• Languages at home: 53% English-only · Spanish 36% Other Indo-European 3% Chinese 2%

Political lean MEDSL · Orange

• 2024 margin: Toss-up / Even · D 49.7% · R 47.1% · Other 3.2%
• 2008→2024 swing: +5.2pp toward D · 2008: -2.6pp · 2024: 2.6pp
• All cycles: 2024: D+2.6 2020: D+9.0 2016: D+7.7 2012: R+8.3 2008: R+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -831.43%
• Current HPI: 453.5303
• Rent YoY: ▲ 3.72%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+323.4% since first listed

16 events — show timeline

• 2026-05-09 Relisted — CRMLS
• 2026-04-20 Pending — CRMLS
• 2026-02-07 Price Changed $240,000 CRMLS
• 2025-12-18 Price Changed $270,000 CRMLS
• 2025-11-07 Relisted — CRMLS
• 2025-11-07 Price Changed $280,000 CRMLS
• 2025-10-08 Pending — CRMLS
• 2025-09-19 Price Changed $290,000 CRMLS
• 2025-09-05 Price Changed $315,000 CRMLS
• 2025-08-18 Listed $330,000 CRMLS
• 2025-08-16 Coming Soon $330,000 CRMLS
• 2009-04-10 Sold (MLS) $48,500 CRMLS
• 2009-03-28 Listing Removed — CRMLS
• 2009-02-09 Price Changed $45,900 CRMLS
• 2009-01-02 Price Changed $51,680 CRMLS
• 2008-11-28 Listed $56,680 CRMLS