
Orange, California 92867
This property presents a High-Potential Investment Opportunity with a List Price of $1,000,000—positioned above the $904,045 Fair Market Value. While the price reflects a premium, the 10,152 sq. ft. lot and cul-de-sac location provide significant upside for redevelopment. With a Condition Rating of 5, the home requires extensive renovation, offering a blank canvas for forced appreciation. This asset is ideal for Value-Add Investors or Developers looking to leverage the expansive land for high-end transformation in the Orange Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1952 N Topaz Street Subject 3 bd · 2 ba · 1,261 sqft · $678 | $1,000,000* List Price | 3 | 2 | 1,261 | $678 | - |
A 2816 E. Coolidge Ave. Sold 3 bd · 2 ba · 1,660 sqft · $617 · 0.9 mi | $1,025,000 | 3 | 2 | 1,660 | $617 | 0.9 mi |
B 2736 E Coolidge Active 3 bd · 2 ba · 1,549 sqft · $709 · 0.9 mi | $1,099,000 List Price | 3 | 2 | 1,549 | $709 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960, this home is over 60 years old and shows a highly dated kitchen with older tile countertops and cabinetry. The listing description explicitly identifies it as a value-add or redevelopment opportunity in need of significant updating and rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10152, living area = 1261.
The oversized 10,000+ square foot lot provides significant space for potential expansions, ADU additions, or a complete redevelopment project in a high-demand area.
Situated at the end of a quiet cul-de-sac, the property offers enhanced privacy and safety with minimal through-traffic, increasing its long-term residential appeal.
The home is in need of significant updating and modernization, which will require a substantial immediate capital investment beyond the purchase price.
The additional bonus room is non-conforming, which may present challenges regarding financing, appraisals, and future permitting requirements for the buyer.
Welcome to 1952 N. Topaz Street, an exceptional opportunity in the highly desirable city of Orange. Situated at the end of a quiet cul-de-sac on an oversized lot of approximately 10,000+ square feet, this property offers the scale, location, and flexibility that developers, investors, and buyers looking for a value-add opportunity have been searching for. The existing single-level ranch-style home features 3 bedrooms and 2 bathrooms, along with an additional non-conforming bonus room located off the garage. The home is in need of updating, presenting an opportunity to renovate the existing residence or explore the property's potential for a more extensive transformation, subject to applicable zoning, planning, and city approvals. The expansive lot and cul-de-sac setting provide a unique combination of privacy, usable land, and potential rarely found in this price range. Whether the vision is a high-end remodel, significant addition, or future redevelopment, this property offers multiple avenues for creating value. The location further enhances the opportunity, with convenient access to schools, shopping, dining, employment centers, major freeways, and the many amenities throughout Central Orange County. Properties offering this combination of lot size, location, and upside are increasingly difficult to find.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,261 | 1,817.719 |
| Lot Size | 10,152 | 7,240.844 |
| Price | $1.00M | $1.29M |
| Price per sq ft | $793 | $696 |
| Built year | 1960 | 1964 |
| HOA | $0 | $169 |
| Days on market | 44 | 48 |
Sep 11, 2026
$1,000,000
Initial Listing