
Orange, California 92868
This Residential Income Duplex represents a Strong Value Opportunity, listed at $1,575,000—positioned well below the $1,598,772 Fair Market Value by 1.5%. This valuation gap offers $23,772 in Instant Equity. Featuring a Good Condition Rating, the property includes a newly constructed ADU and a 1950s main house, both individually metered for efficiency. Its proximity to Chapman University and major medical centers ensures consistent rental demand. This versatile asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 417 N Citrus Subject | $1,575,000* List Price | 6 | 3 | 2,150 | $744 | - |
A 130 -132 S Lime Street Sold | $1,700,000 | 0 | 0 | 2,105 | $808 | 0.4 mi |
B 456 N Batavia Active | $1,895,000 List Price | 0 | 0 | 2,242 | $845 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features a brand-new 2-bedroom ADU with modern flooring, recessed lighting, and new mini-split HVAC systems. While the main house dates back to 1950, the visible bathroom shows a previous renovation (approx. 15-20 years old) that is functional and well-maintained. The combination of new construction and a move-in ready main residence justifies a Good rating.
The property features two detached residences, including a newly constructed ADU, providing versatile options for multi-generational living or high-yield rental income streams.
Situated near Chapman University and major medical centers like CHOC and St. Joseph Hospital, the property is positioned in a high-demand rental market with a consistent tenant base.
Both units are individually metered for utilities, shifting the cost burden to tenants and simplifying property management for the owner.
With a list price of $1.575M compared to a 2022 sale price of $892K, the substantial markup may challenge investors looking for immediate high-cap rate returns.
The primary residence was built in 1950, which may necessitate ongoing maintenance or capital improvements compared to the newly built ADU.
Own Two Detached Homes on One Lot in Orange in the heart of Orange featuring two detached residences on one parcel. The property includes a four bedroom, two bathroom main house and a newly constructed two bedroom, one bathroom ADU, offering six total bedrooms and three bathrooms across approximately 2,150 square feet. Both residences are individually metered, with tenants responsible for utilities, helping reduce operating expenses and simplify management. The flexible layout offers multiple income streams and may appeal to investors seeking strong rental potential or buyers interested in living in one residence while renting the other. Conveniently located near Chapman University, CHOC, St. Joseph Hospital, Old Towne Orange, shopping, dining, and major freeways. A compelling opportunity to acquire a versatile income producing property in a consistently desirable rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 6.0 |
| Baths | 3.0 | 6.0 |
| Square foot | 2,150 | 2,715.278 |
| Lot Size | 6,600 | 7,647.056 |
| Price | $1.57M | $1.44M |
| Price per sq ft | $733 | $530 |
| Built year | 1950 | 1973 |
| HOA | $0 | $81 |
| Days on market | 19 | 159 |
Aug 21, 2026
$1,575,000
Initial Listing
Aug 5, 2022
$892,000
Public Record
Sep 23, 2009
$390,000
Public Record
Dec 12, 2001
$280,000
Public Record