5121 E Lomita Avenue, Orange, California 92869, Orange, 92869 - 2 bed, 2 bath

5121 E Lomita Avenue, Orange, California 92869 home-pic-0
ACTIVE$2,450,000
5121 E Lomita Avenue, Orange, California 92869
2Beds
2Baths
2,140Sqft
25,160Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Multi-Generational/Income Potential: The estate features five separate living areas, each with its own private entrance, offering unparalleled flexibility for multi-generational living, rental income, or guest accommodations.
Top Cons:
Age of Main Residence & Potential for Outdated Systems: Built in 1950, the main residence may have original or older systems (e.g., plumbing, electrical, HVAC) that could require significant updates or maintenance, which are not detailed as being recently renovated.

Compared to the nearby listings

Price:$2.45M vs avg $1.40M (+$1,050,000)75%
Size:2,140 sqft vs avg 1,956 sqft75%
Price/sqft:$1.1K vs avg $71675%

More Insights

Built in 1950 (75 years old).
Condition: Despite being built in 1950, the property appears to be well-maintained and has undergone significant conversions to create multiple living units, including kitchens in the pool house and guest units. While one bathroom shows a more dated style, it is clean and functional, and another bathroom features more modern stone finishes and dual shower heads, indicating recent updates. The living areas have hardwood floors and built-ins in good condition. Although no kitchen interiors are pictured, the description implies functional kitchens in the converted spaces. The overall impression is move-in ready with no immediate major renovations required, aligning with a 'Good' condition score, even with the potential for some older underlying systems due to the original build year.
Year Built
1950
Close
-
List price
$2.45M
Original List price
$2.78M
Price/Sqft
$1,145
HOA
-
Days on market
-
Sold On
-
MLS number
PW25115694
Home ConditionGood
Features
Good View: City Lights, Orchard
Deck
Pool
Patio
ViewCity Lights,Orchard

About this home

Step Into a Hidden Oasis Tucked away in one of Orange’s most breathtaking areas, this expansive and enchanting property feels like you’ve left the hustle of Orange County behind and entered a lush, private forest retreat. The estate features five separate living areas, each with its own private entrance, offering exceptional flexibility for multi-generational living, rental income, or guest accommodations. The main residence includes two spacious bedrooms and two bathrooms, flowing seamlessly into a beautiful deck and outdoor entertaining area. In addition to the main home, you’ll find: • A fully converted pool house with its own kitchen, fireplace, and approx 2500 Square feet of living space • A private guest unit with bedroom full kitchen , laundry and bath and a second private guest unit with bedroom living areas and full bath. Total square footage approx. 1312 • A man cave retreat with a fireplace, private bath, and sleeping nook. 480 square feet. The grounds are truly impressive, with multiple gardens , greenhouse, lush gardens, and a wide variety of fruit-bearing trees—including avocado, papaya , and other rare tree & plant varieties. There is also development potential, with room to build additional home on the property (buyer to verify), making this a truly one-of-a-kind investment opportunity. A 2 car garage, carport, and generous parking areas are thoughtfully laid out, and the home sits on a private street offering unmatched peace, privacy, and possibilities. Property consists of two parcels (APNs), totaling 30,387 sq ft (25,160 sq ft + 5,227 sq ft) NO Open House - Guided walk through can be set up easily! Call For Details

Condition Rating
Good

Despite being built in 1950, the property appears to be well-maintained and has undergone significant conversions to create multiple living units, including kitchens in the pool house and guest units. While one bathroom shows a more dated style, it is clean and functional, and another bathroom features more modern stone finishes and dual shower heads, indicating recent updates. The living areas have hardwood floors and built-ins in good condition. Although no kitchen interiors are pictured, the description implies functional kitchens in the converted spaces. The overall impression is move-in ready with no immediate major renovations required, aligning with a 'Good' condition score, even with the potential for some older underlying systems due to the original build year.
Pros & Cons

Pros

Exceptional Multi-Generational/Income Potential: The estate features five separate living areas, each with its own private entrance, offering unparalleled flexibility for multi-generational living, rental income, or guest accommodations.
Expansive & Private Estate: Comprising two parcels totaling over 30,000 sq ft and located on a private street, the property offers a rare, secluded 'forest retreat' ambiance within Orange County.
Impressive & Lush Grounds: The property boasts multiple gardens, a greenhouse, and a wide variety of fruit-bearing trees, significantly enhancing its aesthetic appeal and lifestyle offerings.
Significant Development Potential: There is room to build an additional home on the property (buyer to verify), presenting a unique investment opportunity for future expansion or customization.
Unique Lifestyle & Ambiance: Described as a 'hidden oasis,' the property provides a tranquil and unique living experience, feeling removed from the hustle of Orange County.

Cons

Age of Main Residence & Potential for Outdated Systems: Built in 1950, the main residence may have original or older systems (e.g., plumbing, electrical, HVAC) that could require significant updates or maintenance, which are not detailed as being recently renovated.
Unverified Development Potential: While development potential is highlighted, the 'buyer to verify' clause indicates that the feasibility and costs associated with building an additional home are not confirmed, placing the burden on the buyer.
Significant Price Reduction: The list price has seen a substantial reduction from $2.78M to $2.45M, which could suggest initial overpricing or a longer market presence, potentially raising questions for buyers regarding its true market value or any underlying issues.

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