151 S Parker Street, Orange, California 92868, Orange, 92868 - 0 bed, 0 bath
Loading property details...
Orange, California 92868
This Two-Unit Residential Income Asset represents a Strong Value Opportunity, listed at a List Price of $1,589,000, which aligns with its $1,589,000 Fair Market Value. Featuring an Excellent Condition Rating due to extensive recent renovations, including updated kitchens, bathrooms, and a newer roof, this property offers a turnkey solution for immediate rental income. The dual-unit configuration, highlighted by a private backyard with an above-ground spa, provides significant flexibility for multi-generational living or high-yield leasing. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, low-maintenance income property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 151 S Parker Street Subject | $1,589,000* List Price | 0 | 0 | 1,991 | $798 | - |
A 130 -132 S Lime Street Sold | $1,700,000 | 0 | 0 | 2,105 | $808 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1956 build date, the property has undergone extensive recent remodeling within the last 5 years. Both kitchens and all three bathrooms are fully updated with quartz countertops and modern tile. The inclusion of a newer roof, mostly newer windows, updated flooring, and mini-split HVAC systems across both units places it in mint, move-in ready condition.
The 'Two on a Lot' configuration in the highly desirable Old Towne Orange area provides excellent flexibility for multi-generational living or generating significant rental income from two separate dwellings.
Both units have undergone significant upgrades, including remodeled kitchens and bathrooms, newer flooring, a newer roof, and updated windows, ensuring a turnkey experience and reduced maintenance costs.
The rear unit features an exceptional backyard space equipped with a covered patio, an above-ground spa, and a built-in storage shed, significantly enhancing the property's lifestyle and tenant appeal.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6325, other record lot size in square feet = 6732.
With 113 days on the market and a recent price reduction, the property may be facing liquidity challenges or perceived overvaluation relative to current buyer demand.
Each unit is served by only a one-car garage, which may be insufficient for the parking needs of a combined five bedrooms, potentially leading to street parking congestion.
TWO ON A LOT! Great opportunity to own a remodeled Two on a Lot in Charming Old Towne Orange. Front home is 1,116 square feet with 3 bedrooms, 2 baths and a 1 car attached garage with laundry, tile flooring and fenced front yard. Rear home is 875 Square feet with 2 bedrooms, 1 bath, newer vinyl plank flooring, an attached 1 car garage with laundry and a "To Die For" back yard with a covered patio, above-ground spa and built-in storage shed. Perfect for multi-family or potential income. Recent extensive remodeling include both kitchens and all 3 bathrooms in both units. Mini-Splits and AC wall units, newer flooring, newer roof, mostly newer windows, in both units. Quartz counter tops, stainless steel appliances (rear unit only), decorator tile and so much more! currently use as a multi-family.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 6.0 |
| Baths | 0.0 | 6.0 |
| Square foot | 1,991 | 2,998 |
| Lot Size | 6,325 | 6,970 |
| Price | $1.59M | $1.45M |
| Price per sq ft | $798 | $515 |
| Built year | 1956 | 1977 |
| HOA | $0 | $81 |
| Days on market | 139 | 91 |
Jun 17, 2026
$1,589,000
$1,599,000
-1% Price Drop
Initial Listing
Mar 5, 2026
$1,599,000
Initial Listing
Oct 6, 2011
$549,500
Public Record
Apr 27, 2004
$400,000
Public Record