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7881 Franklin Street, Buena Park, California 90621, Buena Park, 90621 - 3 bed, 2 bath

7881 Franklin Street, Buena Park, California 90621 home-pic-0
ACTIVE$775,000$1,213/sqft
Est. Value: $743,853
-4%
AboveEstimate
7881 Franklin Street, Buena Park, California 90621
3Beds
2Baths
1,213Sqft
5,350Lot

Price Vs. Estimate

The estimated value ($743,853.21) is $31,146.79 (4%) lower than the list price ($775,000). This property may be overpriced.

Key pros and cons

Top Pros:
Strong ADU Potential: The lot configuration offers significant Accessory Dwelling Unit (ADU) potential, a common and favorable development trend in the surrounding neighborhood, providing a clear path for value addition or rental income.
Top Cons:
Age and Required Renovation: Built in 1951, the property is explicitly presented as a 'blank canvas' needing updates, indicating that significant renovation and investment will be required to modernize the home.

Compared to the nearby listings

Price:$775.0K vs avg $1.00M ($-225,000)16%
Size:1,213 sqft vs avg 1,663 sqft19%
Price/sqft:$639 vs avg $60557%

More Insights

Built in 1951 (75 years old).
Condition: Built in 1951, this property is explicitly described as a 'blank canvas' needing 'customization and improvement,' indicating it's functional but significantly outdated rather than dilapidated. The images show a lived-in home with laminate flooring, older-style kitchen cabinets (though with a newer microwave), and basic, somewhat updated bathrooms. While old, there are no visible major defects affecting safety or structural integrity, aligning with the 'Fair' category's description of an aged but maintained home requiring minor updates or repairs.
Year Built
1951
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$639
HOA
-
Days on market
-
Sold On
-
MLS number
PW25279698
Home ConditionFair
Features
ViewNeighborhood

About this home

Welcome to 7881 Franklin Street, a single-story 3-bedroom, 2-bathroom home offering 1,213 square feet of living space on a 5,350-square-foot lot—an excellent opportunity for homeowners and investors seeking potential and flexibility. The home features a functional floor plan with spacious living and dining areas and natural light throughout, providing a solid foundation for customization and improvement. This property presents a true blank canvas for buyers looking to update, reimagine, or add value over time. The backyard offers ample outdoor space with mature landscaping and room to expand. The lot configuration provides strong ADU potential, and many homes in the surrounding neighborhood have added ADUs, reflecting the area’s favorable zoning and development trends (buyer to verify zoning, permits, and requirements). Conveniently located with easy access to the 91 and 5 freeways, and just minutes from Knott’s Berry Farm, shopping, dining, and entertainment. Priced to sell, this property offers a rare chance to create long-term value in the heart of Buena Park.

O
Orlando Casas Hernandez
Listing Agent

Price History

Date
Event
Price
01/08/20
Sold
$550,000
06/27/14
Sold
$379,000
Condition Rating
Fair
Built in 1951, this property is explicitly described as a 'blank canvas' needing 'customization and improvement,' indicating it's functional but significantly outdated rather than dilapidated. The images show a lived-in home with laminate flooring, older-style kitchen cabinets (though with a newer microwave), and basic, somewhat updated bathrooms. While old, there are no visible major defects affecting safety or structural integrity, aligning with the 'Fair' category's description of an aged but maintained home requiring minor updates or repairs.
Pros & Cons

Pros

Strong ADU Potential: The lot configuration offers significant Accessory Dwelling Unit (ADU) potential, a common and favorable development trend in the surrounding neighborhood, providing a clear path for value addition or rental income.
Prime Location & Accessibility: Conveniently located with easy access to major freeways (91 and 5) and minutes from popular attractions like Knott’s Berry Farm, shopping, dining, and entertainment, enhancing its desirability.
Value-Add Opportunity: Described as a 'true blank canvas' and a 'solid foundation for customization and improvement,' this property is ideal for buyers looking to update, reimagine, and build long-term equity.
Functional Single-Story Layout: The single-story, 3-bedroom, 2-bathroom home features a functional floor plan with spacious living and dining areas and natural light, appealing to a wide range of homeowners.
Ample Outdoor Space: The 5,350-square-foot lot provides a backyard with ample outdoor space and mature landscaping, offering room for expansion or creating a personalized outdoor oasis.

Cons

Age and Required Renovation: Built in 1951, the property is explicitly presented as a 'blank canvas' needing updates, indicating that significant renovation and investment will be required to modernize the home.
Lack of Modern Amenities: The description highlights potential for customization rather than existing modern features, suggesting the property likely lacks contemporary finishes, appliances, or updated systems.
Smaller Living Space: With 1,213 square feet of living space for a 3-bedroom home, it may be considered on the smaller side for some buyers, potentially limiting appeal for larger families or those desiring more expansive interiors.
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