1507 S Raitt

Santa Ana, CA 92704

$307,000

1 baths
424 sq ft
1.4 acres
Built 1982

Listed by The RECollective · MLS #PW26206477

Listing status & updates

MLS last changed: Not supplied by this listing source
Availability last checked: No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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1507 S Raitt, Santa Ana, CA 92704 · MLS #PW26206477

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The thoughtfully designed studio floor plan makes efficient use of the space and features an in-unit stackable washer and dryer, wall-unit heating and air conditioning, additional interior storage, and a private balcony, perfect for enjoying Southern California’s year-round weather.

Year built

Built in 1982.

Garage parking

1 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to Santiago Springs! This charming 424 sq. ft. studio condo is a great opportunity to own in Orange County while enjoying the convenience of low-maintenance living in a gated community. Ideally situated in a desirable lower-level corner location, this end unit offers added privacy and is just a short stroll from the community pool and spa. The thoughtfully designed studio floor plan makes efficient use of the space and features an in-unit stackable washer and dryer, wall-unit heating and air conditioning, additional interior storage, and a private balcony, perfect for enjoying Southern California’s year-round weather. One assigned covered carport is included, with additional parking available throughout the community. The interior is ready for its new owner to bring their personal style and make the space their own. Santiago Springs is known for its lush, beautifully maintained grounds, peaceful atmosphere, and picturesque water features throughout the community. Shopping, dining, recreation, and everyday conveniences are all close by, with South Coast Plaza and the South Coast Metro area just minutes away. Centennial Park and Mile Square Regional Park provide plenty of options for outdoor recreation, while John Wayne Airport and the 405 and 55 freeways are also conveniently accessible. Whether you’re a first-time buyer, looking to simplify your lifestyle, or considering an investment opportunity, this well-located studio offers an appealing combination of privacy, convenience, community amenities, and an opportunity to make homeownership in Orange County a reality.

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THE NEIGHBORHOOD

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1507 S Raitt, Santa Ana, CA 92704

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LOCAL MARKET CONTEXT

Orange County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$1,230,134Up 2.6% vs. the previous 12 months

Months of supply2.912-month average

Days on market3712-month weighted average

Latest available data: August 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 1982
Full baths: 1
Garage spaces: 1
Cooling: WallWindowUnits
Heating: WallFurnace
Appliances: Dishwasher,ElectricCooktop,ElectricOven,Disposal,GasWaterHeater,Refrigerator,RangeHood
Utilities: CableConnected,ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected
Fencing: None
Pool: No
Pool features: Heated,Association
Spa: Yes
Subdivision: Santiago Springs. (STSP)
Parcel: 93289149
HOA: Santiago Springs
HOA amenities: MaintenanceGrounds,Pool,SpaHotTub,Trash
HOA fee frequency: Monthly
HOA fee: $330.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$1,279.17

Cap rate—

Annual operating income: —

HOA: Includes $330.00 per month in HOA dues, converted from the $330.00 monthly fee reported by the listing source.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

Annual property tax

Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Listing information

MLS #PW26206477 · California Regional MLS

Listing brokerage: The RECollective
Listing agent: Loree Swanenburg

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.