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

123 Orange Grove Avenue, Placentia, California 92870 home-pic-0
ACTIVE$859,000$1,034/sqft
Est. Value: $821,237
-4%
AboveEstimate
123 Orange Grove Avenue, Placentia, California 92870
2Beds
1Bath
1,034Sqft
6,750Lot

Price Vs. Estimate

The estimated value ($821,236.94) is $37,763.06 (4%) lower than the list price ($859,000). 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 income-supplementing flexibility, and the generous lot provides excellent potential for an Accessory Dwelling Unit (ADU), enhancing investment value.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1034, other record living area = 702.

Compared to the nearby listings

Price:$859.0K vs avg $1.20M ($-341,000)12%
Size:1,034 sqft vs avg 1,964 sqft9%
Price/sqft:$831 vs avg $61298%

More Insights

Built in 1925 (101 years old).
Condition: This 1925 Arts & Crafts bungalow is described as 'turnkey' and 'move-in ready' with significant recent renovations. The main kitchen features sleek stainless steel appliances, granite countertops, and modern white cabinets, appearing in excellent condition. The main bathroom has also undergone a professional renovation with a modern vanity, new shower, and contemporary fixtures. Updated flooring is present in the main living areas. While these key areas are in excellent shape, the property's 1925 build year suggests potential for older underlying systems, and the explicit mention and visual evidence of window AC units indicate a lack of central air conditioning. The detached guest suite is functional but appears to have slightly older updates compared to the main house. Overall, it's well-maintained and requires no immediate renovations, aligning with a 'Good' condition score.
Year Built
1925
Close
-
List price
$859K
Original List price
$859K
Price/Sqft
$831
HOA
-
Days on market
-
Sold On
-
MLS number
PW26000619
Home ConditionGood
Features
Deck
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 professional renovation (new shower, vanity, and toilet etc.), 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. The generous lot provides ample outdoor space and excellent potential for an Accessory Dwelling Unit (ADU). 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!

A
Andrew Fomai
Listing Agent

Price History

Date
Event
Price
04/24/09
Sold
$200,000
11/04/03
Sold
$245,000
Condition Rating
Good
This 1925 Arts & Crafts bungalow is described as 'turnkey' and 'move-in ready' with significant recent renovations. The main kitchen features sleek stainless steel appliances, granite countertops, and modern white cabinets, appearing in excellent condition. The main bathroom has also undergone a professional renovation with a modern vanity, new shower, and contemporary fixtures. Updated flooring is present in the main living areas. While these key areas are in excellent shape, the property's 1925 build year suggests potential for older underlying systems, and the explicit mention and visual evidence of window AC units indicate a lack of central air conditioning. The detached guest suite is functional but appears to have slightly older updates compared to the main house. Overall, it's well-maintained and requires no immediate renovations, aligning with a 'Good' condition score.
Pros & Cons

Pros

Income-Generating & ADU Potential: The detached sunroom/guest suite with an en-suite bathroom offers significant income-supplementing flexibility, and the generous lot provides excellent potential for an Accessory Dwelling Unit (ADU), enhancing investment value.
Turnkey & Recently Renovated: Described as 'move-in-ready,' the property features a remodeled kitchen with stainless steel appliances and granite, updated flooring, and a professionally renovated main bathroom, minimizing immediate capital expenses for a buyer.
Prime Commuter Location: The strategic location offers unrivaled commute convenience with immediate access to the 91, 57, and 55 freeways, proximity to Downtown Placentia, CSUF, and just 20 minutes from Newport Beach.
Charming Arts & Crafts Architecture: The home retains its desirable historic 'Arts & Crafts bungalow' charm, featuring period cove ceilings, a decorative fireplace, and built-in storage, appealing to buyers seeking character.
Versatile Detached Guest Suite: Beyond its income potential, the detached guest suite with an en-suite bathroom and private reading room offers significant functional flexibility as a home office, private retreat, or additional living space.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1034, other record living area = 702.
Limited Main House Bathroom Count: The main house features only one bathroom for two bedrooms, which may be inconvenient or insufficient for some households.
Age of Property (1925): Despite recent renovations, the 1925 build year suggests potential for underlying older infrastructure (e.g., plumbing, electrical, roof) that may require future maintenance or upgrades not explicitly detailed.
Lack of Central Air Conditioning: The description mentions 'private cooling' in a secondary bedroom, implying the main house may not have central air conditioning, which could be a comfort issue during warmer months.
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