
Orange, California 92867
This Spacious Custom Traditional Home represents a High-Potential Investment Opportunity, listed at $1,900,000—positioned slightly above the $1,837,511 Fair Market Value. While the property requires updates, its Condition Rating of 4 and 4,487-square-foot layout offer significant value-add potential. Featuring a 7-bedroom, 7-bathroom configuration with a separate living space, this asset is perfectly suited for multigenerational living or rental income. Located near Orange Lutheran High School and major freeways, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, customizable estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2338 E Altura Subject 7 bd · 7 ba · 4,487 sqft · $410 | $1,900,000* List Price | 7 | 7 | 4,487 | $410 | - |
A 3438 E Meadowridge Sold 5 bd · 4 ba · 3,747 sqft · $480 · 0.6 mi | $1,800,000 | 5 | 4 | 3,747 | $480 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was rebuilt in 2010, making the major systems and finishes roughly 16 years old, which places it in the 15-30 year renovation bracket. While the kitchen and bathrooms are functional with granite and travertine, the styling is dated, and the listing explicitly states the property is priced to reflect a need for repairs and personalization.
The expansive 4,487-square-foot layout features seven bedrooms, seven bathrooms, and a separate one-bedroom living space with a private entrance, offering unmatched flexibility for extended families or guest accommodations.
Rebuilt in 2010, the home incorporates contemporary architectural elements such as soaring ceilings, skylights, and multiple ensuite bedrooms, providing a more modern framework than typical 1960s-era properties.
Situated within walking distance of Orange Lutheran High School and in close proximity to Chapman University and major freeways, the property holds significant appeal for families and commuters alike.
The property is explicitly priced to reflect a need for repairs and renovations, indicating that a buyer will likely face substantial immediate costs to bring the home to its full potential.
There are notable inconsistencies between the listing metadata and the property description regarding bedroom and bathroom counts, which may suggest unpermitted additions or require extensive due diligence.
Welcome to 2338 E Altura Avenue, a spacious 4,487-square-foot, 7-bedroom, 7-bathroom custom traditional home in Orange, California, offering a flexible layout ideal for multigenerational living. Rebuilt in 2010, this expansive home features multiple ensuite bedrooms, private entrances, two laundry rooms, and a convenient location within walking distance of Orange Lutheran High School and near Chapman University, Old Towne Orange, Villa Park, and the 55 and 91 freeways. The main level offers three bedrooms and three bathrooms, including two ensuite bedrooms. One downstairs suite features French doors with a private entrance to the backyard, ideal for extended family, guests, or caregiver accommodations. A dedicated downstairs laundry room adds convenience. The expansive kitchen and family room feature soaring ceilings, skylights, abundant natural light, and generous gathering space. The kitchen offers rich wood cabinetry, granite countertops, a large breakfast bar, built-in refrigerator, professional-style range, and ample storage. Travertine-style flooring, plantation shutters, crown molding, fireplaces, and custom built-ins add warmth and character. Upstairs are three additional ensuite bedrooms and a spacious loft ideal for an office, media room, study, or lounge. The primary suite features a fireplace, built-ins, two walk-in closets, and a spacious bath with soaking tub, dual vanity, and walk-in steam shower. A second upstairs laundry room adds convenience. A separate 1-bedroom living space with its own private side entrance provides additional flexibility for extended family, guests, or private living arrangements. Outside, mature landscaping and privacy hedges complement a backyard with curved hardscape and a covered entertaining area. An attached oversized two-car garage provides additional parking and storage. Offered at $1,900,000, this Orange home is priced to reflect its current condition and need for repairs, creating an opportunity to renovate and personalize a substantial property with a highly adaptable floor plan. With 7 bedrooms, 7 bathrooms, 4,487 square feet, multiple ensuite bedrooms, separate living space, two laundry rooms, loft, and oversized garage, 2338 E Altura Avenue offers exceptional space and versatility in Orange. Buyer to verify square footage, bedroom/bath count, permits, property condition, additional living areas, and allowable uses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.7 |
| Baths | 7.0 | 2.4 |
| Square foot | 4,487 | 1,817.719 |
| Lot Size | 11,200 | 7,240.844 |
| Price | $1.90M | $1.29M |
| Price per sq ft | $423 | $696 |
| Built year | 1963 | 1964 |
| HOA | $0 | $169 |
| Days on market | 32 | 48 |
Sep 23, 2026
$1,900,000
Initial Listing
May 22, 2006
$695,000
Public Record