309 Grace Avenue, La Habra, California 90631, La Habra, 90631 - 0 bed, 0 bath
Loading property details...
La Habra, California 90631
This Residential Income Duplex represents a High-Potential Investment Opportunity with a List Price of $830,000—positioned well below the $928,400 Fair Market Value by 10%. This valuation gap provides $98,400 in Instant Equity for buyers looking to capitalize on a Condition Rating of 4. The asset features two high-demand 2-bedroom units with private patios and significant rental upside through modernization of its aging infrastructure. With the rare potential to acquire adjacent units for scale, this is an optimal acquisition for Buy-and-Hold Investors or Contractors seeking a strategic value-add play in North Orange County.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 309 Grace Avenue Subject | $830,000* List Price | 0 | 0 | 1,600 | $580 | - |
A 329 E Florence Sold | $810,000 | 0 | 0 | 1,600 | $506 | 0.8 mi |
B 305 Grace Avenue Active | $830,000 List Price | 0 | 0 | 1,600 | $519 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this property is a functional income-producing duplex but shows clear signs of aging consistent with its era. The listing description explicitly identifies it as a 'value-add opportunity' with 'aging infrastructure' requiring capital expenditures for modernization. While the exterior features some updates like vinyl windows, the overall aesthetic, flat roof design, and the agent's note regarding below-market rents suggest that the interior finishes, kitchens, and bathrooms are likely outdated and require renovation to meet modern standards.
The rare opportunity to acquire up to three adjacent duplexes (6 units total) allows an investor to achieve immediate economies of scale and management efficiency in a single location.
Current rents are performing below market levels, providing a clear opportunity for a new owner to increase income and capitalize on long-term appreciation through strategic updates.
The 2-bedroom, 1-bathroom unit mix is highly sought after in the North Orange County rental market, ensuring consistent tenant demand and low vacancy rates.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6560, other record lot size in square feet = 6778.
The property is being offered via auction, which may present hurdles for traditional financing and introduces uncertainty regarding the final purchase price and terms.
Built in 1961, the property likely requires capital expenditures for modernization and maintenance to meet current market standards and maximize rental upside.
Property is being offered via auction. Rare opportunity to acquire up to three adjacent duplexes (6 units total) in prime La Habra location—ideal for investors seeking scale, upside, and long-term appreciation This exceptional duplex, located at 309-311 Grace Ave, is a premier investment opportunity in the heart of La Habra. Situated within the established Tract 715 neighborhood, this property offers a rare blend of stable income, upside potential, and long-term investment value. The property features two well-proportioned 2-bedroom, 1-bathroom units, each offering comfortable living layouts, abundant natural light, and functional floor plans ideal for today’s rental demand. With separate living spaces and strong tenant appeal, this duplex is perfectly suited for both seasoned investors and owner-occupants seeking supplemental income. Currently generating below-market rents, this asset presents a compelling value-add opportunity with significant upside potential. Market trends in La Habra support higher rental rates for comparable units, allowing a new owner to strategically increase income over time and enhance overall returns. This offering is uniquely positioned alongside two additional duplexes located at 301–303 Grace Ave and 305–307 Grace Ave, creating a rare chance to acquire three adjacent duplexes (total of 6 units). Opportunities like this are exceptionally limited in this area and provide investors with the ability to achieve economies of scale with contiguous ownership; increase operational efficiency and long-term management ease; maximize rental upside across a larger asset base; create a strong, consolidated footprint in a high-demand rental pocket Positioned on a generous lot in a quiet residential setting, the property benefits from its proximity to shopping, dining, schools, and major transportation corridors, making it highly desirable for tenants and future appreciation alike. Whether you’re looking to expand your portfolio, execute a light value-add strategy, or secure a multi-property investment play, this duplex—combined with the neighboring opportunities—delivers flexibility, scalability, and long-term growth in one of North Orange County’s established rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,600 | 1,763.5 | 50% |
| Lot Size | 6,560 | 7,623 | 25% |
| Price | $830.0K | $980.0K | 50% |
| Price per sq ft | $519 | $512 | 50% |
| Built year | 1961 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 74 | 25% |
Apr 16, 2026
$830,000
Initial Listing
Nov 6, 2018
$1,775,000
Public Record
May 23, 2018
$1,375,000
Public Record