115 Olinda Place, Brea, California 92823, Brea, 92823 - bed, bath
115 Olinda Place
Brea, California 92823
Property Price
SUMMARY
Analysis of 115 Olinda Place, Brea, California 92823 is currently available with a list price of $2,100,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Brea Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1971, this property appears to have undergone significant and recent renovations, making it move-in ready. The kitchen features a new stainless steel gas range and clean countertops, while the bathroom boasts modern fixtures and wood-look tile flooring. Throughout the living areas, there's updated wood-look laminate flooring and clean carpeting in the bedrooms, along with fresh paint. The description also notes dual-pane energy-efficient windows and central air/heating, indicating functional major systems. While not a brand-new build, the extensive updates align with a property extensively renovated within the last 5-15 years, showing minimal wear and tear and no immediate renovation needs.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Producing Asset
This is a great income-producing four-unit property (quadruplex), offering significant investment potential and multiple revenue streams.
- Desirable Community & Location
Nestled in the picturesque Olinda Village, the property offers a unique blend of seclusion and community, with quiet canyon surroundings and a close-knit neighborhood in Brea.
- Recent Upgrades & Modern Amenities
The property features newly redone drought-tolerant landscaping with a sprinkler system, central air and heating, indoor washer/dryer hookups, and dual-pane energy-efficient windows, enhancing comfort and efficiency.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1971, the property's age, despite some mentioned upgrades, may imply older infrastructure or components that could require future maintenance or renovation not explicitly detailed.
- Price Reduction
The listing has undergone a price reduction from $2.2M to $2.1M, which could suggest initial overpricing or a longer market time, potentially indicating buyer resistance at the previous price point.
- Generic Subdivision Name
The subdivision name is listed as 'Other,' which might lack the specific branding or established reputation of a named community, potentially affecting perceived value or marketability for some buyers.
About 115 Olinda Place
Welcome to 115 Olinda Pl. Nestled in the picturesque community of Olinda Village, this great income producing four unit property offers the perfect blend of comfort and character. A hidden gem in the heart of Brea, right off of Carbon Canyon Road this property is a haven of warmth and tranquility. As you approach the property, you’ll be immediately drawn to the eye catching curb appeal with newly redone drought tolerant landscaping and sprinkler irrigation system and a welcoming front entrance view. Inside each of these units are two story floor plans featuring spacious living areas, central air and heating and indoor washer and dryer hook ups and dual pane energy efficient windows illuminating the interior with natural light with an open airy feeling. The kitchen offers ample counter space and a cozy breakfast nook. Adjacent to the kitchen is a comfortable living room ideal for relaxation or family gatherings. The bedrooms are located on the second story offering generous closet space and a serene atmosphere to unwind at the end of the day. Step outside into the enclosed backyard patio area perfect for outdoor barbeques, gardening, or simply enjoying the quiet canyon surroundings of Olinda Village. Residents of Olinda Village enjoy the best of both worlds—seclusion and community with a close-knit neighborhood and top-rated school district. Don't miss the opportunity to call this great income producing property your own.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1971
- Lot Size
- 22,493 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Brea Unified Schools
Olinda Elementary School
Grades K-6 • 2.9 mi
Brea Junior High School
Grades 7-8 • 5.2 mi
Brea-Olinda High School
Grades 9-12 • 3.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1971 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Oct 17, 2025
$2,100,000
$2,200,000
-5% Price Drop
Initial Listing
Price Change
Sep 12, 2025
$2,200,000
Initial Listing