
Orange, California 92865
This Strong Value Opportunity is a single-story duplex listed at $1,200,000, positioned well below the $1,305,795 Fair Market Value by 8%. This valuation gap provides $105,795 in Instant Equity. With a Condition Rating of 4, the property features a remodeled rear unit and a value-add front unit. The 3-bedroom, 2-bathroom floor plans and large private patios ensure high rental demand near the OCVIBE district. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2715 N Dell Street Subject | $1,200,000* List Price | 0 | 0 | 2,924 | $447 | - |
A 312 E Meats Active | $1,175,000 List Price | 0 | 0 | 2,744 | $428 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966, the property is over 50 years old with only partial renovations. While the rear unit features newer luxury vinyl plank flooring and dual-pane windows, the bathrooms and ceilings (popcorn texture) remain dated. The front unit is noted as a value-add opportunity, indicating a need for modernization to meet current market standards.
Each unit features a spacious 3-bedroom, 2-bathroom layout spanning nearly 1,500 square feet, offering a rare single-story floor plan that is highly attractive to long-term family tenants.
The front unit's rent is currently significantly below market value, providing a clear opportunity for investors to increase cash flow and property appreciation through future lease adjustments.
Ideally situated near the upcoming OCVIBE entertainment district, Angel Stadium, and top-rated schools like Villa Park High, ensuring high rental demand and long-term desirability.
The presence of long-term tenants at below-market rents may limit initial returns on investment and could present challenges regarding rent stabilization regulations.
While the rear unit has been remodeled with modern finishes, the front unit may require additional capital improvement to match the same quality and maximize its rental potential.
Incredible value! Don't miss this single-story duplex located in a highly desirable neighborhood in Orange. It features two spacious single-level units, each offering almost 1,500 square feet of living space with 3 bedrooms, 2 bathrooms, and large private patios. Each unit has a large primary bedroom with an en-suite bathroom and two more large bedrooms. The front unit includes central air conditioning and forced-air heating, a cozy fireplace, a two-car garage, plus two additional driveway parking spaces. The remodeled rear unit features luxury vinyl plank flooring, dual-pane windows, a one-car garage, plus one additional driveway parking space. In addition to the three-car garage and a driveway that fits three more cars, there is ample street parking. The property is occupied by long-term, stable tenants. The front unit’s rent is significantly below market, presenting an excellent future value-add opportunity for investors. Ideally situated near parks, restaurants, shopping, the Santa Ana River Trail, and highly regarded schools such as Villa Park High. This property is located less than 2 miles from the Village at Orange with its many restaurants and shopping, and approximately 4 miles from Angel Stadium, the Honda Center, and the exciting new OCVIBE entertainment district.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 6.0 |
| Baths | 0.0 | 6.0 |
| Square foot | 2,924 | 2,998 |
| Lot Size | 7,997 | 6,970 |
| Price | $1.20M | $1.45M |
| Price per sq ft | $410 | $515 |
| Built year | 1966 | 1977 |
| HOA | $0 | $81 |
| Days on market | 5 | 91 |
Jul 17, 2026
$1,200,000
Initial Listing
Nov 20, 2019
$979,000
Public Record
Dec 30, 2016
$860,000
Public Record