1058 E Almond, Orange, California 92866, Orange, 92866 - 2 bed, 1 bath
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Orange, California 92866
This Turnkey Craftsman Bungalow represents a High-Potential Investment Opportunity, listed at $999,000—positioned well below the $1,045,552 Fair Market Value by 4%. This valuation gap provides $46,552 in Instant Equity. Featuring a Mint Condition Rating with a new roof, HVAC, and updated electrical, the property offers R-2 Zoning and expansion potential on a 5,900-square-foot lot. Located in the historic Old Towne Orange district, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1058 E Almond Subject | $999,000* List Price | 2 | 1 | 1,077 | $971 | - |
A 262 N Cambridge Street Sold | $1,288,000 | 3 | 2 | 1,300 | $991 | 0.4 mi |
B 1314 E Chapman Sold | $1,125,000 | 4 | 1 | 1,339 | $840 | 0.2 mi |
C 333 N Pine Sold | $1,040,000 | 2 | 1 | 894 | $1,163 | 0.5 mi |
D 633 S Glassell Street Sold | $820,000 | 2 | 1 | 765 | $1,072 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive restoration within the last 5 years, featuring a fully remodeled kitchen with quartz countertops and stainless appliances, a renovated bathroom, and new engineered hardwood flooring. Critical systems are all recently updated, including a new roof, new 3-ton HVAC, updated electrical, and a new water heater, meeting the criteria for mint condition with no immediate maintenance required.
This 1923 Craftsman bungalow perfectly blends original architectural character with essential modern upgrades, including a new roof, a new 3-ton HVAC system, and updated electrical, offering a turn-key experience in a historic setting.
Situated on a generous 5,900-square-foot R-2 zoned lot near the Historic District boundary, the property provides rare flexibility for future expansion or the addition of an ADU, maximizing long-term investment value.
Located just moments from Chapman University and the historic Orange Plaza, the property offers exceptional walkability to boutique shopping, dining, and entertainment in one of Orange County's most desirable neighborhoods.
The property was recently sold within the past year on 2025-07-25. The sold price is $971,000.00.
With only one bathroom serving the entire home, the layout may be a significant drawback for families or buyers accustomed to modern primary suite configurations.
At 1,077 square feet, the interior living space is relatively small for the nearly $1 million price point, which may limit appeal for buyers requiring more substantial indoor room or dedicated home office space.
Timeless Craftsman charm meets modern luxury in the heart of the highly sought-after Old Towne Orange Historic District. Situated on an expansive approximately 5,900-square-foot R-2 zoned lot, this beautifully restored bungalow offers a rare opportunity for future expansion while being located just three homes from the Historic District boundary, providing added flexibility for future improvements. Thoughtfully updated while preserving its original character, the home features engineered hardwood flooring, original wood-framed windows and moldings, abundant natural light, and designer finishes throughout. The remodeled kitchen showcases custom wood cabinetry, quartz countertops, subway tile backsplash, stainless steel appliances, and a charming breakfast nook with original built-in cabinetry. The spacious bathroom has been beautifully renovated, while both bedrooms offer walk-in closets, updated dual-pane windows, and ceiling fans. The detached garage and long private driveway add versatility, creating endless possibilities for a home office, gym, studio, or future ADU. Additional upgrades include a new roof, new 3-ton HVAC system, updated electrical, new water heater, and professionally landscaped grounds. Ideally located just moments from the historic Orange Plaza, Chapman University, boutique shopping, dining, and entertainment, this exceptional home offers the perfect blend of historic character, modern comfort, and future potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,077 | 1,811.5 |
| Lot Size | 5,900 | 7,259 |
| Price | $999.0K | $1.32M |
| Price per sq ft | $928 | $683 |
| Built year | 1923 | 1963 |
| HOA | $0 | $150 |
| Days on market | 23 | 44 |
Jun 29, 2026
$999,000
Initial Listing
Jul 25, 2025
$971,000
Public Record