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1345 Cabrillo Park Drive Q02, Santa Ana, California 92701, Santa Ana, 92701 - 1 bed, 1 bath

1345 Cabrillo Park Drive Q02, Santa Ana, California 92701 home-pic-0
ACTIVE$415,000
1345 Cabrillo Park Drive Q02, Santa Ana, California 92701
1Bed
1Bath
696Sqft
475,139Lot
Year Built
1977
Close
-
List price
$415K
Original List price
$415K
Price/Sqft
$596
HOA
$455
Days on market
-
Sold On
-
MLS number
OC25265498
Home ConditionFair
Features
Deck
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $415.0K(63th), sqft - 696(46th), beds - 1(50th), baths - 1(50th).

Beautiful light and bright upper level unit in a fantastic location! This upgraded home is perfect for an investor as it is leased through September 2026. Located in Monterrey Villas, this desirable home features an updated kitchen, flooring, and paint with a wonderful open layout. Community amenities include pool and spa, clubhouse, fitness center, tennis courts and more! The HOA fee covers water, trash, and common area maintenance. Conveniently located near The District at Tustin Legacy, Old Town Tustin, shopping, dining and major freeways (5, 55, and 22)! Don’t miss out on this ideally priced opportunity in a prime Orange County location!

Nearby schools

7/10
Guin Foss Elementary School
Public,•PK-5•1.8mi
6/10
Columbus Tustin Middle School
Public,•6-8•1.2mi
7/10
Tustin Connect Academy
Public,•K-8•2.8mi
9/10
Foothill High School
Public,•9-12•2.4mi

Price History

Date
Event
Price
12/02/25
Listing
$415,000
08/11/15
Sold
$214,000
06/02/10
Sold
$120,000
08/17/07
Sold
$290,000
Condition Rating
Fair
Built in 1977, this property has received updates to the kitchen, flooring, and paint, making it move-in ready. However, the kitchen features a mix of older and newer appliances, and the cabinet style, while clean, is not contemporary. The bathroom is functional and well-maintained but shows signs of being outdated with its shower enclosure and light fixtures. The overall aesthetic suggests renovations that are likely 15-25 years old, rather than recent, aligning with the 'Fair' condition criteria for an aged home with regular upkeep and occasional updates.
Pros & Cons

Pros

Great Schools: High School: Foothill High School (9/10).
Guaranteed Rental Income: The property is currently leased through September 2026, providing immediate and stable rental income for investors.
Extensive Community Amenities: Residents have access to a wide range of amenities including a pool, spa, clubhouse, fitness center, and tennis courts, enhancing lifestyle and property value.
Prime Orange County Location: Strategically located with convenient access to major freeways (5, 55, 22), shopping centers (The District at Tustin Legacy), dining, and Old Town Tustin.
Recently Upgraded Interior: The unit features an updated kitchen, flooring, and paint, offering a modern and move-in ready condition for a buyer.
Inclusive HOA Dues: The HOA fee covers essential services such as water, trash, and common area maintenance, simplifying resident budgeting.

Cons

Limited Owner-Occupancy: The existing lease through September 2026 restricts immediate owner-occupancy, narrowing the buyer pool primarily to investors.
Relatively High HOA Dues: The $455 monthly HOA fee is substantial for a 1-bedroom, 696 sqft unit, potentially impacting affordability and investment returns.
Aging Building Infrastructure: Built in 1977, the complex is nearing 50 years old, which may lead to increased maintenance costs or special assessments for the overall building in the future.

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