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191 191 N Citrus, Orange, California 92868, Orange, 92868 - 4 bed, 3 bath

191 191 N Citrus, Orange, California 92868 home-pic-0
ACTIVE$1,249,900
191 191 N Citrus, Orange, California 92868
4Beds
3Baths
1,650Sqft
7,049Lot

Price Vs. Estimate

The estimated value ($1,232,274.675) is $17,625.325 (1%) lower than the list price ($1,249,900). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income/Multi-Generational Potential: The property features two separate residences (primary and a guest unit with its own amenities), offering significant rental income, multi-generational living, or mortgage offset opportunities.
Top Cons:
Age of Construction (1952): While updated, the property's 1952 build year may suggest potential for unseen infrastructure issues or require ongoing maintenance typical of older homes.

Compared to the nearby listings

Price:$1.25M vs avg $995.0K (+$254,900)92%
Size:1,650 sqft vs avg 1,521 sqft70%
Price/sqft:$758 vs avg $65578%

More Insights

Built in 1952 (73 years old).
Condition: Despite being built in 1952, this property has undergone extensive and recent renovations. The description highlights 'updated kitchen and baths, hardwood floors, recessed lighting, dual-pane windows, and new central HVAC.' The images confirm a modern aesthetic with stainless steel appliances, contemporary cabinetry, and updated fixtures in both kitchens, as well as stylish, fully renovated bathrooms with modern vanities and tiling. The overall condition appears virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1952
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$758
HOA
-
Days on market
-
Sold On
-
MLS number
OC25228904
Home ConditionExcellent
Features
Patio
View-

About this home

A rare find in Old Towne Orange, this oversized corner lot features two separate residences with strong rental income potential. Perfect for investors, multi-generational living, or offsetting your mortgage by renting one unit. The primary residence offers 3 bedrooms (2 master suites total), 3 bathrooms, and a den/nursery adjoining the Master. Highlights - bright living room w/ fireplace, updated kitchen and baths, hardwood floors, recessed lighting, dual-pane windows, new central HVAC, and master suite with walk-in shower. The Guest Unit (~350 sq. ft.) includes its own kitchen, bathroom, HVAC, private patio with natural tree shade - Ideal for guests or rental income. The lot provides abundant outdoor space with a mature avocado tree, resort-style yard, and potential for ~1,000 sq. ft. ADU (buyer to verify). With no HOA or Mello-Roos, located near Chapman University, top schools, shopping, dining, and freeways—this versatile property is truly a rare opportunity.

Condition Rating
Excellent
Despite being built in 1952, this property has undergone extensive and recent renovations. The description highlights 'updated kitchen and baths, hardwood floors, recessed lighting, dual-pane windows, and new central HVAC.' The images confirm a modern aesthetic with stainless steel appliances, contemporary cabinetry, and updated fixtures in both kitchens, as well as stylish, fully renovated bathrooms with modern vanities and tiling. The overall condition appears virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Exceptional Income/Multi-Generational Potential: The property features two separate residences (primary and a guest unit with its own amenities), offering significant rental income, multi-generational living, or mortgage offset opportunities.
Prime Old Towne Orange Location: Situated in a highly desirable area near Chapman University, top schools, shopping, dining, and major freeways, enhancing convenience and property value in a rare Old Towne setting.
Significant ADU Development Potential: The oversized corner lot provides potential for an additional ~1,000 sq. ft. Accessory Dwelling Unit (ADU), offering future expansion or increased income possibilities.
Modernized & Well-Maintained Primary Residence: The primary residence boasts recent updates including an updated kitchen and baths, hardwood floors, recessed lighting, dual-pane windows, and new central HVAC, ensuring comfort and reduced immediate maintenance.
Financial Advantage: No HOA or Mello-Roos: The absence of Homeowners Association (HOA) fees and Mello-Roos taxes significantly reduces ongoing ownership costs, making it a more attractive investment.

Cons

Age of Construction (1952): While updated, the property's 1952 build year may suggest potential for unseen infrastructure issues or require ongoing maintenance typical of older homes.
Compact Guest Unit Size: The guest unit, at approximately 350 sq. ft., is relatively small, which might limit its appeal for long-term tenants or certain multi-generational living arrangements.
ADU Potential Requires Buyer Verification: The stated potential for a ~1,000 sq. ft. ADU is a significant opportunity, but the requirement for the 'buyer to verify' implies additional time, cost, and uncertainty in the permitting and development process.

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