151 S Parker Street, Orange, California 92868, Orange, 92868 - bed, bath
151 S Parker Street
Orange, California 92868
Property Price
SUMMARY
Analysis of 151 S Parker Street, Orange, California 92868 is currently available with a list price of $1,599,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Orange 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 new construction or fully renovated.
The property has undergone extensive recent renovations to both units, including fully remodeled kitchens with quartz countertops and stainless steel appliances, and three updated bathrooms with decorator tile. Major systems and structural components have been addressed with a newer roof, mostly newer windows, and the installation of modern mini-split cooling systems. With newer vinyl plank and tile flooring throughout, the home is in move-in ready condition and meets the standards for a recently renovated high-quality property.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The 'Two on a Lot' configuration with separate 3-bedroom and 2-bedroom units provides exceptional flexibility for multi-generational living or high-yield rental income in a sought-after market.
- Extensive Recent Renovations
Both residences have been comprehensively updated with remodeled kitchens, modern bathrooms, newer flooring, and a newer roof, significantly reducing immediate capital expenditure for the buyer.
- Prime Historic Location
Situated in the highly desirable Old Towne Orange area, the property benefits from the charm and prestige of a historic district while maintaining proximity to local amenities and employment hubs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Limited Parking Capacity
With only a one-car garage assigned to each unit, the property may face parking challenges for multi-car households or guests, which is a common constraint in this high-density area.
- Non-Centralized Climate Control
The use of mini-splits and wall AC units instead of a unified central HVAC system may be perceived as less efficient or aesthetically less desirable for buyers at this price point.
About 151 S Parker Street
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1956
- Lot Size
- 6,325 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,991 | 2,365.5 | 33% |
| Lot Size | 6,325 | 6,612.5 | 50% |
| Price | $1.60M | $1.40M | 83% |
| Price per sq ft | $803 | $586 | 83% |
| Built year | 1956 | 1960 | 50% |
| HOA | $0 | $40 | 50% |
| Days on market | 2 | 112 | 17% |
Pricing History
Listed for Sale
Mar 5, 2026
$1,599,000
Initial Listing
Sold
Oct 6, 2011
$549,500
Public Record
Sold
Apr 27, 2004
$400,000
Public Record