1139 W Sycamore, Orange, California 92868, Orange, 92868 - 4 bed, 2 bath

1139 W Sycamore, Orange, California 92868 home-pic-0
ACTIVE$1,050,000
1139 W Sycamore, Orange, California 92868
4Beds
2Baths
1,293Sqft
6,280Lot
Year Built
1958
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$812
HOA
-
Days on market
-
Sold On
-
MLS number
OC25260276
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.05M(62th), sqft - 1293(22th), beds - 4(73th), baths - 2(50th).

4 bedroom, 2 bathroom home located in one of the most preferred neighborhoods near Chapman University. The property is rented at $5,700 per month through 6/30/2026, offering strong and consistent income. Once the lease ends, the home is well suited for a future occupant or for continued rental use. The location provides convenient access to Chapman, the historic Orange Plaza, local shops, dining, and parks. The layout features comfortable living spaces, spacious bedrooms, and a backyard that can be enjoyed year round. There is also an opportunity to add value. Many investors in the area explore an ADU or garage conversion, which can generate an estimated $2,000 to $2,500 in additional rent depending on design and approvals. This is a rare chance to own a fully leased property in a high demand Orange neighborhood close to everything.

Price History

Date
Event
Price
11/13/25
Listing
$1,050,000
04/18/14
Sold
$465,000
01/31/00
Sold
$216,500
Condition Rating
Fair

The property was built in 1958, making it over 60 years old. While the home appears well-maintained, the kitchen features honey oak cabinets, speckled countertops, and black appliances, which suggest a renovation that is likely 15-30 years old, not recent. The consistent tile flooring throughout is practical but not a modern high-end finish. The presence of a window AC unit in one bedroom indicates potential limitations or age of the central cooling system. Overall, the property is functional and maintained but shows clear signs of being outdated and would benefit from minor updates to meet current aesthetic and efficiency standards.
Pros & Cons

Pros

Strong Rental Income & Lease in Place: The property is currently rented at $5,700 per month through June 2026, providing immediate and consistent cash flow for an investor.
Prime Location: Located in a highly preferred neighborhood near Chapman University, the historic Orange Plaza, local shops, dining, and parks, ensuring high demand and desirability.
Significant Value-Add Potential: Opportunity to add an ADU or convert the garage, which could generate an estimated $2,000 to $2,500 in additional monthly rent, substantially increasing income and property value.
High Demand Market: Situated in a 'high demand Orange neighborhood,' indicating strong market interest for both rental and owner-occupant purposes.
Versatile Future Use: The home is well-suited for continued rental use or as a future owner-occupied residence once the current lease concludes, offering flexibility to the buyer.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Listed Above Estimated Value: The current list price of $1,050,000 is 7% higher than the property's estimated value of $974,269.755, suggesting it may be overpriced relative to market analytics.
Older Construction: Built in 1958, the property is over 60 years old, which may imply a need for updates to systems, finishes, or a higher potential for maintenance compared to newer homes.
Limited View: While it 'has_view', the description specifies a 'Neighborhood' view, indicating a lack of premium views (e.g., city lights, ocean, mountains) that could enhance market appeal and value.

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