646 S Grand Street, Orange, California 92866, Orange, 92866 - 0 bed, 0 bath
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646 S Grand Street
Orange, California 92866
ACTIVE
CONDITION: POOR
0Beds
0Baths
4,800Sq Ft
12,632Lot Size
Property Price
LIST PRICE$2,895,000
SUMMARY
Analysis of 646 S Grand Street, Orange, California 92866 is currently available with a list price of $2,895,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Orange Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1963 (61 years old) and marketed as a 'Value-Add' opportunity, indicating a need for significant rehab. The kitchen is highly dated with old tile countertops and electric coil-top stoves. The presence of window AC units suggests the absence of modern central HVAC systems, and the overall age without major recorded renovations places it in the poor category.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
Situated in the highly desirable Old Towne Orange area adjacent to Hart Park, the property offers exceptional walkability to the Plaza and immediate access to the 22 Freeway and public transit.
- Significant Value-Add Potential
The absence of local rent control ordinances combined with all tenants being on month-to-month leases provides a rare opportunity for immediate repositioning and market-rate rent adjustments.
- Superior Parking Ratio
With 8 garage spaces and 6 uncovered spots for only 8 units, the property boasts an excellent parking-to-unit ratio that is difficult to find in historic high-density neighborhoods.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12632, other record lot size in square feet = 12559.
- Aging Infrastructure
Built in 1963 and under long-term ownership, the property likely requires significant capital expenditure for modernization and deferred maintenance to remain competitive.
- Limited Unit Mix
The uniform one-bedroom, one-bathroom townhome configuration may limit the appeal to a broader demographic of renters, such as small families or those needing home office space.
About 646 S Grand Street
8 one-bed, one-bath townhomes in the Old Towne Orange Area, right next to Hart Park. This is a fantastic Value-Add opportunity to have an 8-plex in a city without local rent control ordinances. The eight units are spread across three buildings on one lot, with two separate garage areas that house eight cars and six uncovered striped parking spots. There is a community laundry room with an electric coin-op washer/dryer. A few units have a fantastic view overlooking Hart Park and a commuter's dream of being next to public transit and the 22 Freeway. All the units have a similar layout with a living area and attached kitchenette on the ground level, while upstairs, you have a bedroom with an attached full bathroom. South Grand St is a walking pathway between Hart Park and the Old Towne Orange Plaza. Long time owner and long term tenants, all on month to month leases.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1963
- Lot Size
- 12,632 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.4 |
| Square foot | 4,800 | 1,411.643 |
| Lot Size | 12,632 | 80,286.857 |
| Price | $2.90M | $726.0K |
| Price per sq ft | $603 | $543 |
| Built year | 1963 | 1982 |
| HOA | $0 | $382 |
| Days on market | 44 | 47 |
Pricing History
Listed for Sale
Jul 27, 2026
$2,895,000
Initial Listing