1104 W Palm Avenue, Orange, California 92868, Orange, 92868 - 5 bed, 4 bath
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Orange, California 92868
This Turnkey Multi-Generational Residence is a High-Potential Investment Opportunity, listed at $1,795,000. While priced slightly above the $1,704,474 Fair Market Value, the property offers exceptional utility through its 3bed/3bath main home and 2bed/1bath secondary unit. Featuring a Mint Condition Rating with modern kitchen and bath renovations, this asset is perfectly positioned for rental income or flexible living. Located just 0.5 miles from Chapman University, it provides strong long-term demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-income property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1104 W Palm Avenue Subject | $1,795,000* List Price | 5 | 4 | 2,578 | $661 | - |
A 130 -132 S Lime Street Sold | $1,700,000 | 6 | 3 | 2,105 | $808 | 0.3 mi |
B 2244 W Beverly Drive Sold | $1,285,000 | 5 | 3 | 2,233 | $575 | 0.7 mi |
C 151 S Parker Street Active | $1,589,000 List Price | 5 | 3 | 1,991 | $798 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1925, the property has undergone a comprehensive renovation within the last 5 years. The listing and images confirm modern kitchens, upgraded bathrooms, new flooring, and updated fixtures, placing it in turnkey, mint condition.
The property features a 3-bedroom main residence and a separate 2-bedroom unit with its own entrance, offering exceptional potential for rental income, house hacking, or multi-generational living.
Situated just half a mile from Chapman University, the home is in a high-demand area for student housing and faculty rentals, ensuring strong long-term investment value and low vacancy rates.
Completely updated with modern kitchens, upgraded bathrooms, and stylish finishes, this home provides a move-in-ready experience without the need for immediate capital improvements.
Originally built in 1925, the property may require ongoing maintenance or specialized care typical of century-old homes, despite the recent cosmetic and functional renovations.
At a list price of $1.795M, the property is positioned at a high price point for the neighborhood, which may limit the pool of qualified buyers or impact the immediate capitalization rate for investors.
Welcome to a beautifully renovated and incredibly versatile home in the heart of Orange. This one-of-a-kind property offers the flexibility today’s buyers are looking for — live in one space and rent the other, accommodate extended family, or enjoy it as a high-income investment. Thoughtfully updated throughout, the home features modern kitchens, upgraded bathrooms, and stylish finishes that make it completely move-in ready. Designed with functionality in mind, the property provides two distinct living areas that offer both comfort and privacy. Primary residence consists of 3bed/3bath & secondary residence consists of a 2bed/1bath with separate entrance. The single-story home features an expanded floor plan with an approximately 724 sq. ft. addition believed to have been constructed in the 1980s. Seller has not located building permits or final approvals for the additional living area. Property is being sold in its present condition. Whether you're looking to offset your mortgage with rental income or create a multi-generational living setup, the possibilities here are endless. Situated on a spacious lot with ample parking, and conveniently located near shopping, dining, and major freeways, this home combines lifestyle and financial opportunity in one rare package. Opportunities like this don’t come often — a turnkey home with built-in income potential in a prime Orange location 1 mile from Chapman University/Providence St. Joseph's Hospital/Angels Stadium. Buyer to independently verify square footage, permits, zoning, and intended use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,578 | 1,811.5 |
| Lot Size | 7,012 | 7,259 |
| Price | $1.79M | $1.32M |
| Price per sq ft | $696 | $683 |
| Built year | 1925 | 1963 |
| HOA | $0 | $150 |
| Days on market | 12 | 44 |
Jul 10, 2026
$1,795,000
Initial Listing
Mar 3, 2023
$1,375,000
Public Record
Aug 16, 2022
$831,000
Public Record