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

191 N Citrus Street, Orange, California 92868 home-pic-0
ACTIVE$1,275,000
191 N Citrus Street, Orange, California 92868
4Beds
3Baths
1,650Sqft
7,049Lot

Price Vs. Estimate

The estimated value ($1,237,294.675) is $37,705.325 (2%) lower than the list price ($1,275,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income & Versatility: Features two separate residences with strong rental income potential, ideal for investors, multi-generational living, or offsetting mortgage costs.
Top Cons:
Age of Original Construction: Built in 1952, despite renovations, the underlying structure is older, which could lead to unforeseen maintenance or upgrade requirements over time.

Compared to the nearby listings

Price:$1.27M vs avg $995.0K (+$280,000)92%
Size:1,650 sqft vs avg 1,521 sqft70%
Price/sqft:$773 vs avg $65581%

More Insights

Built in 1952 (73 years old).
Condition: The property, though built in 1952, has undergone a 'fully renovated' primary residence and features 'updated kitchen and baths' as explicitly stated in the description. Images confirm modern aesthetics with new stainless steel appliances, contemporary cabinetry, updated flooring (hardwood and wood-look laminate), recessed lighting, and stylish fixtures in both kitchens and bathrooms. The mention of 'new central HVAC' and 'dual-pane windows' further supports a comprehensive and recent renovation. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1952
Close
-
List price
$1.27M
Original List price
$1.27M
Price/Sqft
$773
HOA
-
Days on market
-
Sold On
-
MLS number
OC25226790
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

A rare find in Old Towne Orange, this oversized corner lot features two separate residences with strong rental income potential. Minutes from Chapman University, it's perfect for investors, multi-generational living, or offsetting your mortgage by renting one unit. The primary residence is a fully renovated single level and 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 its own separate driveway. 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
The property, though built in 1952, has undergone a 'fully renovated' primary residence and features 'updated kitchen and baths' as explicitly stated in the description. Images confirm modern aesthetics with new stainless steel appliances, contemporary cabinetry, updated flooring (hardwood and wood-look laminate), recessed lighting, and stylish fixtures in both kitchens and bathrooms. The mention of 'new central HVAC' and 'dual-pane windows' further supports a comprehensive and recent renovation. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Exceptional Income & Versatility: Features two separate residences with strong rental income potential, ideal for investors, multi-generational living, or offsetting mortgage costs.
Prime Location: Situated in desirable Old Towne Orange, minutes from Chapman University, top schools, shopping, dining, and freeways, enhancing its appeal and convenience.
Extensive Renovations: The primary residence is fully renovated with updated kitchen and baths, hardwood floors, recessed lighting, dual-pane windows, and new central HVAC.
Significant Development Potential: An oversized corner lot offers abundant outdoor space and potential for a ~1,000 sq. ft. ADU with its own separate driveway, adding future value.
Favorable Financial Structure: The property benefits from no HOA or Mello-Roos fees, significantly reducing ongoing ownership expenses.

Cons

Age of Original Construction: Built in 1952, despite renovations, the underlying structure is older, which could lead to unforeseen maintenance or upgrade requirements over time.
ADU Development Uncertainty: The potential for a ~1,000 sq. ft. ADU requires buyer verification, implying additional research, costs, and potential regulatory hurdles for development.
Modest Main Residence Square Footage: The primary residence offers 1650 sqft for 3 bedrooms and 3 bathrooms, which some buyers might find modest for a multi-unit property on an oversized lot.

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