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3740 South Bear Street, D, Santa Ana, CA 92704

$350K2bd · 2ba · 1,566 sqft
HOA $840/mo•Condominium•
Active
•20d on market•MLS# OC-26207362

Property Description

Perfect for an investor and ideally located in the sought-after South Coast Springs gated community in the heart of South Coast Metro District! Wait for land lease to be renewed and see values climb! Buy this unit for half of what you would pay outside the gates of this community. This spacious upper-level unit overlooks a lush greenbelt and pool area and is blessed with a desirable floor plan featuring Dual Primary Bedroom Suites plus a Huge Loft. Step inside and soak in the fresh neutral interior, sleek luxury wide plank floors, and two story vaulted ceilings, setting the stage for an ideal living environment. The living area features a cozy fireplace and large windows and sliders opening to a spacious balcony providing a superb indoor-outdoor living space. The dining area features an upgraded lighting fixture and is open to the living area, perfect for entertaining. The sparkling kitchen features Stainless-Steel appliances, recessed lighting, a sunny breakfast nook, plantation shutters, and a prized breakfast bar. Travel upstairs to the expansive open loft with built-in cabinets for extra storage, ideal for an executive home office, den/family room, or guest accommodations. The first primary bedroom suite features high vaulted ceilings, a sunny skylight, a full en-suite bath, and direct access through large sliding doors to the balcony with picturesque views of the pool and greenbelt, perfect for an evening glass of wine with a loved one. The second primary bedroom suite features high, vaulted ceilings, a prized walk-in closet, and a spacious en-suite bath with walk-in shower enclosure and linen cupboards. The large balcony overlooking the community greenspaces and pool area is perfect for relaxing with friends and family and includes a convenient laundry closet with full size washer and dryer hookups. Unit includes a detached 1 car garage #121, and 1 uncovered parking space #121. Community amenities include a gated entrance, wooded green spaces and walking paths, meandering streams, guest parking, and two community pools and spa areas. Superbly located in one of Orange county’s most vibrant neighborhoods within walking distance of South Coast Plaza, Segerstrom Center for the Arts, offering the perfect blend of resort-like living with easy access to fine dining, entertainment, and world-class shopping. Cose to John Wayne Airport & UC Irvine campus, with easy 405 & 55 frwy access, and just minutes from the Balboa Peninsula and iconic beaches.

Features & Amenities

LeaseBuilt 1983

Property Details

Land Type
Lease
Year Built
1983
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
1
Heating
Forced Air
Cooling
Central Air
View
Park/Greenbelt, Pool, Trees/Woods
Flooring
Vinyl, Carpet
Roof
Composition
City
Santa Ana
Zip Code
92704
County
Orange
Listed byUnknown Office, Jordan Bennett

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,769.79
Principal & Interest
Loan Amount
$280,000
Total Interest
$357,125
Total Payment Over 30 Years
$637,125
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

3740 South Bear Street, D, Santa Ana, CA 92704

Santa Ana · Condominium · Lease Land

$350K
Affordable Tier
Beds
2
Baths
2
Sqft
1,566
Lot
0 sqft
Year
1983
$/Sqft
$223
Pool: Yes✓
Spa: Yes✓
View: Park/Greenbelt, Pool, Trees/Woods✓
Garage: 1-car✓

Listed 45.1% below the median closed sale of $638,000. Price per sqft ($223) is a 54% discount to closed comps ($486). Expect a longer timeline — comps averaged 127 days on market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $350K· $223/sqft
Total list price
Closed comps
vs closed median $638K
−$288K (−45.1%)
Active comps
vs active median $1000K
−$650K (−65.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $655
−$432 (−66.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
9 MacArthur PlaceSanta Ana2008221,596133,075$813$1.30M1083
9 MacArthur PlaceSanta Ana2008221,636133,075$751$1.23M482
1323 SpurgeonSanta Ana1961221,40419,039$427$599,00010782
9 MacArthur PlaceSanta Ana2008221,482133,075$594$881,0009580
9 MacArthur PlaceSanta Ana2008221,445133,075$692$999,9995280
Total: 5 · Average2.02.01,512.6110,267.8$655.4$1.00M53.6
Median1,482$999,999

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1725 3rd StreetSanta Ana198306/01/2026321,31157,713$589,900$540,000$4120.9240483
1404 TustinSanta Ana196506/16/2026221,364363,746$649,900$638,000$4680.983882
2640 Segerstrom Ave.Santa Ana197710/07/2026321,28486,389$719,900$699,000$5440.9711680
1404 Tustin AvenueSanta Ana196506/26/2026321,364363,746$598,000$598,000$4381.005078
4822 Keywood LnSanta Ana198305/29/2026331,2811,536$689,999$730,000$5701.062876
Total: 5 · Average2.82.21,320.8174,626$641,000$641,000$486.4—127.2
Median1,311$638,000$638,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.