418 W Olive Avenue, La Habra, California 90631, La Habra, 90631 - 2 bed, 1 bath
ACTIVE$515,000
418 W Olive Avenue, La Habra, California 90631
2Beds
1Bath
840Sqft
6,205Lot
Year Built
1947
Close
-
List price
$515K
Original List price
$665K
Price/Sqft
$613
HOA
-
Days on market
-
Sold On
-
MLS number
PW25132573
Home ConditionTear down
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods
About this home
Possibly Over-Priced:The estimated price is 10% below the list price. We found 3 Cons,5 Pros. Rank: price - $515.0K(1th), sqft - 840(2th), beds - 2(5th), baths - 1(6th).
Tons of potential on this lot!!! ZONED R4!! Very Private flat lot once up the driveway. Featuring a 2 Bedroom 1 Bath Home. The lot sits up high from the street giving you a nice open feeling with view of trees. Room to grow on this great lot. Close to all shopping, schools and Brea Mall. Check with the City of La Habra to see what you can build.
Price History
Date
Event
Price
10/27/25
Price Change
$515,000-14.2%
08/19/25
Price Change
$600,000
06/13/25
Listing
$665,000
Condition Rating
Tear down
Built in 1947, this 2-bedroom, 1-bath home is extremely dated throughout. The kitchen features original-era wooden cabinets, very old white appliances, laminate countertops, and linoleum flooring, with the washer and dryer awkwardly placed in the kitchen area. Other rooms show old tiled floors, worn carpets, wood paneling, and outdated light fixtures/ceiling fans. The property's small size (840 sqft) and the listing's emphasis on 'tons of potential on this lot' and R4 zoning strongly suggest that the value lies primarily in the land for redevelopment, rather than the existing structure. The house itself is well over 50 years old with no evidence of major renovations in the past 50 years, making it a prime candidate for demolition to maximize the lot's potential.
Pros & Cons
Pros
High Development Potential: The property is zoned R4, explicitly stating 'tons of potential on this lot' and 'room to grow,' making it highly attractive for investors or developers looking to expand or rebuild.
Private & Elevated Lot: The lot is described as 'very private' and 'sits up high from the street,' offering a desirable sense of seclusion and an open feeling away from street level.
Desirable Location: Its proximity to 'all shopping, schools and Brea Mall' provides excellent convenience and enhances its appeal to potential residents or tenants.
Scenic Tree Views: The property offers a 'view of trees,' contributing to a pleasant aesthetic and natural ambiance.
Ample Lot Size for Expansion: With a lot size of 6205 sqft, combined with R4 zoning, there is significant space available for substantial expansion of the existing structure or new construction.
Cons
Small & Outdated Existing Structure: The current 2-bedroom, 1-bath home, built in 1947 with only 840 sqft, is likely outdated and undersized for modern living, suggesting a need for substantial renovation or demolition.
Significant Price Reductions & Overpricing Concerns: The property has seen multiple price drops from an original $665,000 to the current $515,000, and the current list price is still considerably higher than the estimated value ($459,862.13), indicating potential overpricing or market resistance.
Substantial Investment Required: While offering 'tons of potential,' realizing this potential (e.g., through redevelopment or major renovation) will necessitate significant additional capital investment and navigating city regulations.