519 519 S Susan, Santa Ana, California 92704, Santa Ana, - bed, bath
ACTIVE$949,000
519 519 S Susan, Santa Ana, California 92704
1Bed
1Bath
438Sqft
12,196Lot
Year Built
1947
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25230388
Home ConditionTear down
Features
View-
About this home
Prime Location with huge lot over 12000 SQFT. Value in land.
Price History
Date
Event
Price
10/01/25
Listing
$949,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (72 Listings) | |
|---|---|---|---|
| Beds | 1 | 4 | 1% |
| Baths | 1 | 2 | 7% |
| Square foot | 438 | 1,431 | 1% |
| Lot Size | 12,196 | 6,104 | 99% |
| Price | $949K | $937K | 52% |
| Price per square foot | $2,167 | $640 | 99% |
| Built year | 1947 | 1963 | 3% |
| HOA | |||
| Days on market | 35 | 153 | 1% |
Condition Rating
Tear down
The property was built in 1947, making it 77 years old. The listing description explicitly states 'Value in land,' indicating that the structure itself is not the primary asset. Furthermore, there are no interior images provided, which strongly suggests the house is not in a presentable or livable condition. Given its age and the emphasis on land value, the structure is likely beyond repair and intended for demolition to maximize the potential of the large lot.
Pros & Cons
Pros
Exceptional Lot Size: The property boasts a substantial lot size of over 12,000 SQFT, offering ample space for expansion, landscaping, or potential redevelopment in a desirable urban area.
Prime Location: Situated in a 'Prime Location' within Santa Ana, the property benefits from strong regional demand, access to amenities, and potential for appreciation.
Significant Land Value: The listing explicitly states 'Value in land,' indicating that the primary asset is the large parcel, making it attractive for long-term investment or custom build projects.
Development Potential: Given the large lot and small existing structure, there is considerable potential for a substantial remodel, expansion, or new construction, including possible ADU additions.
Investment Opportunity: This property presents a compelling opportunity for investors or owner-builders looking to capitalize on land value and redevelopment in a high-demand Southern California market.
Cons
Extremely Small Living Area: The existing home is only 438 SQFT with 1 bed/1 bath, which is significantly undersized for a single-family residence and limits immediate livability without substantial investment.
Outdated Structure/Age: Built in 1947, the current dwelling is likely outdated and may require extensive renovations, or a complete tear-down, to align with modern standards and maximize the land's potential.
High Price for Existing Dwelling: The list price of $949,000 is primarily for the land, making the existing small, older structure a secondary consideration and potentially an additional cost for removal or extensive renovation.