
Orange, California 92867
This Versatile Multi-Unit Income Asset is listed at $2,088,000, reflecting a premium valuation aligned with its $2,017,962 Fair Market Value. Boasting an Excellent Condition Rating, the property features a main residence with ensuite bedrooms and a Permitted Detached ADU, offering significant rental upside. High-end infrastructure includes a Viking/Thor Kitchen, Paid Solar System, and a resort-style Pool and Spa. Located near Chapman University within the Orange Unified School District, this turnkey property is a strategic acquisition for Student Housing Investors or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 634 East Adams Avenue Subject | $1,995,000* List Price | 0 | 0 | 2,700 | $718 | - |
A 1241 E Mayfair Sold | $1,425,000 | 4 | 3 | 2,130 | $669 | 0.6 mi |
B 909 N Cleveland Active | $1,495,000 List Price | 3 | 3 | 2,207 | $677 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1957, the property has undergone extensive recent renovations and infrastructure upgrades. It features a modern kitchen with Viking and Thor appliances, leathered quartz countertops, and new LVP flooring throughout. Significant system updates include a paid 24-panel solar system, EV-ready charging, upgraded electrical/plumbing, and a zoned HVAC system, meeting the highest standards for condition and modern functionality.
The property is uniquely configured for high-yield rental use, featuring a main residence where every bedroom includes an ensuite bath and private exterior entrance, complemented by a permitted detached ADU with its own address.
Extensive high-end upgrades include a paid 24-panel solar system, EV-ready charging, Viking and Thor appliances, and advanced CAT6/7 wiring, offering significant energy savings and modern functionality.
Positioned near Chapman University and the upcoming OCVIBE development, the property benefits from consistent student housing demand and strong prospects for long-term capital appreciation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2700, other record living area = 1531.
The property's viability for high-density student housing or short-term rentals is strictly subject to evolving city regulations and zoning ordinances, which could impact future income stability.
The specialized layout, featuring private exterior doors for every bedroom, is optimized for institutional or rental use but may limit appeal to traditional single-family buyers looking for a standard residential flow.
Rare opportunity for student housing investor or Chapman parent to own a versatile 5-bedroom, 6-bath single-story pool home near Chapman University, with the upcoming OCVIBE development (2027) and just minutes from Old Towne Orange and Disneyland. Located on a quiet, tree-lined street, each bedroom in this home features its own exterior doors and private ensuite bathroom and includes a permitted detached ADU with its own address at 636 E Adams. The ADU features a full kitchen with THOR 36" six-burner gas stove, upgraded appliances, living room, in-unit laundry, and two bathrooms, with plans to expand approximately 235 sq ft to add a second bedroom for additional rental income potential. The main home has a history of short-term rental use, while the ADU can also be rented independently. Strong demand for student rentals, proximity to Chapman University, local attractions, shopping, dining, and the stable sales history in the neighborhood all contribute to long-term income potential and value retention. The property offers flexible opportunities including long-term rental, student housing, or senior-living conversion, all subject to city regulations. Step inside the main residence to discover updated kitchens and bathrooms, double oven, soft-close cabinet doors, VIKING six-burner gas cooktop, 8mm LVP flooring, leathered quartz countertops, and smart locks on all doors. The living room is filled with natural light from a skylight, anchored by a cozy fireplace and mantel, with generous closet space for storage. This wheelchair-accessible home boasts a gorgeous roll-in shower with three shower heads, offering both luxury and accessibility throughout. Extensive infrastructure upgrades include major plumbing improvements, paid 24-panel solar system, solar pool heating, EV-ready 50-amp Level 2 charging, upgraded electrical and CAT6/7 wiring, Zoned HVAC system with UV-light technology and newer ducting in the attic, and energy-efficient heat pump systems. Lush front and backyard landscaping, inspired by the Disneyland Hotel, surrounds a waterfall pool, spa, and mature avocado, lime, and tangerine trees. The pool area is fully fenced with a removable mesh safety gate system. Additional amenities include generous parking, RV hookups with dump access, and storage structures. This home blends flexible living, resort-style amenities, and income potential in one of Orange’s most desirable neighborhoods. The list of upgrades goes on and on, a must see to appreciate!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 2% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 2,700 | 1,863 | 78% |
| Lot Size | 9,100 | 7,700 | 65% |
| Price | $2.00M | $1.29M | 89% |
| Price per sq ft | $739 | $668 | 71% |
| Built year | 1957 | 1964 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 153 | 6% |
Apr 11, 2026
$1,995,000
$2,088,000
-4% Price Drop
Initial Listing
Mar 11, 2026
$2,088,000
Initial Listing
Mar 20, 2019
$725,000
Public Record