127 S Redwood Avenue, Brea, California 92821, Brea, 92821 - 2 bed, 1 bath
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Brea, California 92821
This Historic Registered Landmark is a Strong Value Opportunity, listed at $800,000—matching its $800,000 Fair Market Value. While priced at market, the property offers unique financial upside through Mills Act Tax Savings and Solar Panels, significantly reducing carrying costs. Boasting an Excellent Condition Rating, the home features a modernized kitchen, updated AC, and a covered patio. The 7,000 sqft lot provides significant ADU Potential for future income or multi-generational living. Located in the Brea-Olinda Unified School District, this is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 127 S Redwood Avenue Subject | $800,000* List Price | 2 | 1 | 1,118 | $716 | - |
A 648 Pepperwood Sold | $980,000 | 4 | 2 | 1,158 | $846 | 0.3 mi |
B 719 S Walnut Sold | $1,000,000 | 3 | 2 | 1,357 | $737 | 0.8 mi |
C 924 Oleander Street Sold | $948,800 | 3 | 2 | 1,404 | $676 | 1.0 mi |
D 719 S Walnut Sold | $1,000,000 | 0 | 0 | 1,357 | $737 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1923 construction, this historical landmark has been extensively renovated within the last 5 years, meeting the criteria for excellent condition. The interior features new laminate flooring, fresh paint, and a completely updated kitchen with butcher block countertops and modern stainless steel appliances. The bathroom has been fully modernized with timeless tile finishes, a walk-in shower, and a clawfoot tub. Major system upgrades include a brand-new AC system with ducting and the installation of solar panels, ensuring all components meet current quality standards with no visible deferred maintenance.
As a registered historical landmark, this property qualifies for the Mills Act, offering the owner significant property tax savings typically ranging from 40% to 60%.
The generous 7,000 square foot lot features rear vehicular access and a detached garage, providing an ideal footprint for ADU conversion, RV parking, or a secondary studio.
The home successfully blends 1920s character with modern efficiency, featuring solar panels, a brand-new AC system with ducting, and updated interior finishes like laminate flooring and fresh paint.
The 2-bedroom, 1-bathroom layout and 1,118 square foot interior may be too restrictive for modern families or buyers seeking more living space and convenience.
With 77 days on the market and a series of significant price reductions from the original $1,000,000 asking price, the property may face challenges with buyer perception and valuation.
PRIME LOCATION HISTORIC HOME WITH THOUGHTFUL UPGRADES. This registered historical landmark under the Mills Act offers a unique opportunity to own a piece of Brea’s history while benefiting from significant property tax savings. While savings vary by city, the Mills Act often reduces taxes by 40% to 60% for qualifying properties. Solar panels help keep energy costs down, and the property offers flexibility for future income with the potential to add multiple ADUs. Situated on a spacious 7,000 square foot lot with rear vehicular access, the property is ideal for RV or boat parking. Known as the Glen Dunkle House #54, this 1923 home is located within the Redwood Avenue Historic Area and is recognized by the Brea Historical Society. The two bedroom home blends original character with practical updates. Interior highlights include a tiled fireplace, new laminate flooring, fresh paint, cedar lined closets, ceiling fans, and abundant natural light throughout. Handmade stained glass windows and a hand painted kitchen backsplash add unique, one of a kind character you will not find in newer homes. The bathroom features a clawfoot tub, walk in shower, and timeless tile finishes. The kitchen is equipped with butcher block countertops, an island, ample cabinetry, and connects to an indoor laundry room and pantry. A covered outdoor room adds approximately 200 square feet of additional usable space. The backyard is filled with charm, offering fruit trees, a pond, stone walkways, and storage sheds. There is also access to a detached two car garage with potential for a studio, office, expanded garage, or ADU conversion. Additional upgrades include new AC and ducting, rear gated access, and solar panels. Located just moments from Downtown Brea, Brea Mall, shopping, dining, civic amenities, and highly rated schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 5% |
| Baths | 1.0 | 3.0 | 3% |
| Square foot | 1,118 | 1,986 | 3% |
| Lot Size | 7,000 | 7,227 | 42% |
| Price | $800.0K | $1.20M | 11% |
| Price per sq ft | $716 | $588 | 86% |
| Built year | 1923 | 1968 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 134 | 27% |
Apr 17, 2026
$800,000
$899,900
-11% Price Drop
Initial Listing
Mar 22, 2026
$899,900
$900,000
+0% Price Increase
Initial Listing
Feb 8, 2026
$900,000
$1,000,000
-10% Price Drop
Initial Listing
Jan 30, 2026
$1,000,000
Initial Listing
Feb 18, 1997
$141,000
Public Record