123 Orange Grove Avenue, Placentia, California 92870, Placentia, 92870 - 2 bed, 1 bath

123 Orange Grove Avenue, Placentia, California 92870 home-pic-0
ACTIVE$869,000
123 Orange Grove Avenue, Placentia, California 92870
2Beds
1Bath
702Sqft
6,750Lot

Price Vs. Estimate

The estimated value ($717,382.555) is $151,617.445 (17%) lower than the list price ($869,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating ADU Potential: The detached sunroom/guest suite with an en-suite bathroom offers significant flexibility for rental income, a home office, or extended family living, enhancing the property's investment value.
Top Cons:
Compact Main House Footprint: The main residence offers a relatively small 702 square feet for a 2-bedroom home, which may feel restrictive for some buyers despite the detached guest suite.

Compared to the nearby listings

Price:$869.0K vs avg $1.20M ($-331,000)12%
Size:702 sqft vs avg 2,028 sqft1%
Price/sqft:$1.2K vs avg $60199%

More Insights

Built in 1925 (100 years old).
Condition: This 1925 Arts & Crafts bungalow is in 'good' condition due to significant recent renovations in key areas. The kitchen boasts sleek stainless steel appliances, granite countertops, and modern white cabinetry. The main bathroom has undergone a professional $15,000 renovation, featuring a new shower, vanity, and toilet, all appearing modern and well-maintained in the images. Updated flooring (carpet in living areas/bedrooms, tile in kitchen/bath) is present throughout. While the property is move-in ready with no immediate renovation required, the lack of central air conditioning (only 'private cooling' in one bedroom is mentioned and visible as a window unit) and the overall age of the original structure prevent it from reaching an 'excellent' rating, despite the recent updates.
Year Built
1925
Close
-
List price
$869K
Original List price
$800K
Price/Sqft
$1,238
HOA
-
Days on market
-
Sold On
-
MLS number
PW25200767
Home ConditionGood
Features
Patio
ViewCourtyard, Neighborhood, Trees/Woods

About this home

Come and Discover 123 Orange Grove in Placentia. This home is the ideal turnkey Arts & Crafts bungalow for the hard-working first-time buyer, offering a strategic two-bedroom, one-bathroom investment that merges historic charm with modern, cost-saving amenities. The majestic framework features a sunlit living room with period cove ceilings, a decorative fireplace, built-in storage, and luxurious updated flooring. The remodeled kitchen boasts sleek stainless steel appliances, granite countertops, and a bay window. Crucially, the main bathroom includes a $15,000 professional renovation (new shower, vanity, and toilet), eliminating immediate capital expenses. The property’s defining asset is the detached sunroom/guest suite with an en-suite bathroom and private reading room, offering unparalleled income-supplementing flexibility as a home office or rental unit to accelerate equity growth. Additional conveniences include a secondary bedroom with private cooling and a laundry/mudroom. This strategic location ensures unrivaled commute convenience via immediate access to the 91, 57, and 55 freeways, Downtown Placentia, CSUF, and is just 20 minutes from Newport Beach. This rare, move-in-ready opportunity is an intelligent investment in your future. Secure your homeownership success; schedule your private showing today!

Condition Rating
Good

This 1925 Arts & Crafts bungalow is in 'good' condition due to significant recent renovations in key areas. The kitchen boasts sleek stainless steel appliances, granite countertops, and modern white cabinetry. The main bathroom has undergone a professional $15,000 renovation, featuring a new shower, vanity, and toilet, all appearing modern and well-maintained in the images. Updated flooring (carpet in living areas/bedrooms, tile in kitchen/bath) is present throughout. While the property is move-in ready with no immediate renovation required, the lack of central air conditioning (only 'private cooling' in one bedroom is mentioned and visible as a window unit) and the overall age of the original structure prevent it from reaching an 'excellent' rating, despite the recent updates.
Pros & Cons

Pros

Income-Generating ADU Potential: The detached sunroom/guest suite with an en-suite bathroom offers significant flexibility for rental income, a home office, or extended family living, enhancing the property's investment value.
Extensive Modern Renovations: The property features a remodeled kitchen with sleek stainless steel appliances and granite countertops, along with a $15,000 professionally renovated main bathroom, ensuring a move-in ready condition.
Strategic Commuter Location: Unrivaled commute convenience is provided by immediate access to the 91, 57, and 55 freeways, proximity to Downtown Placentia, CSUF, and just 20 minutes to Newport Beach.
Historic Arts & Crafts Charm: The home retains its original Arts & Crafts bungalow charm with period cove ceilings, a decorative fireplace, and built-in storage, complemented by luxurious updated flooring.
Turnkey & Low Immediate Capital Expenses: Described as a 'turnkey' opportunity with recent major renovations, the property minimizes immediate repair or upgrade costs for a new owner.

Cons

Compact Main House Footprint: The main residence offers a relatively small 702 square feet for a 2-bedroom home, which may feel restrictive for some buyers despite the detached guest suite.
Potential Overpricing: The current listing price of $869,000 is 8% above the estimated property value of $797,204, suggesting it may be priced aggressively compared to market analytics.
Limited Central Air Conditioning: The description notes 'private cooling' in only one secondary bedroom, implying a lack of central air conditioning throughout the main house, which could be a comfort issue in warmer months.

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