1800 E Heim 48, Orange, California 92865, Orange, 92865 - 2 bed, 1 bath
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Orange, California 92865
This Value-Add Condominium is listed at $535,000, which currently exceeds the $422,493 Fair Market Value. Located in the sought-after Orange Unified School District, the property is noted for its Condition Rating of 5, requiring substantial repairs that likely disqualify it from traditional financing. The 848-square-foot interior and functional two-bedroom layout offer significant potential for forced appreciation through a strategic renovation. This asset is a prime candidate for a complete modernization to meet local market standards, making it an ideal project for Cash Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1800 E Heim 48 Subject | $449,000* List Price | 2 | 1 | 848 | $529 | - |
A 2295 N Tustin Street 69 Active | $509,900 List Price | 2 | 1 | 840 | $607 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the interior images show a modern renovated kitchen with shaker cabinets, a farmhouse sink, and updated wood-look flooring, the listing description and property analysis explicitly state the home requires significant repairs to meet habitable standards and may not qualify for traditional financing, indicating major underlying structural or system defects.
Priced as a fixer-upper in the desirable Orange market, this property offers significant potential for equity growth through strategic renovations and modernization.
Located within the respected Orange Unified School District, the property benefits from a location that typically supports long-term value and appeals to small families.
The two-bedroom, one-bathroom configuration provides a practical and efficient living space that is highly marketable for small households or as a rental unit.
The property’s current condition may prevent it from qualifying for traditional financing, likely restricting the buyer pool to cash investors or those with specialized rehab loans.
Explicitly listed as needing repairs, the property requires immediate capital investment to address deferred maintenance and bring it up to habitable standards.
Opportunity to own a well-located 2-bedroom, 1-bathroom condominium in the desirable Orange Hill community of Orange. This single-level unit offers approximately 848 sq ft of living space with all bedrooms conveniently located on the main floor. The property features a functional layout with great natural light and access to community amenities, including a pool and spa. A detached carport provides dedicated parking, and the community offers a well-maintained environment with close proximity to shopping, dining, and major freeways, including the 55.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 848 | 1,081 |
| Lot Size | 266,359 | 165,081 |
| Price | $449.0K | $656.8K |
| Price per sq ft | $529 | $603 |
| Built year | 1967 | 1989 |
| HOA | $400.0 | $380 |
| Days on market | 203 | 50 |
May 20, 2026
$449,000
$475,000
-5% Price Drop
Initial Listing
Apr 24, 2026
$475,000
$499,999
-5% Price Drop
Initial Listing
Apr 15, 2026
$499,999
$505,000
-1% Price Drop
Initial Listing
Apr 10, 2026
$505,000
$515,000
-2% Price Drop
Initial Listing
Apr 1, 2026
$515,000
$535,000
-4% Price Drop
Initial Listing
Mar 20, 2026
$535,000
$425,000
+26% Price Increase
Initial Listing
Dec 31, 2025
$425,000
Initial Listing
Apr 1, 2022
$535,000
Public Record
Nov 13, 2020
$375,000
Public Record
Aug 14, 2020
$330,000
Public Record
Oct 31, 2003
$210,000
Public Record