
Orange, California 92867
This Versatile Residential Income Property represents a High-Potential Investment Opportunity, listed at $1,700,000. While currently priced above the $1,541,476 Fair Market Value, the property offers significant long-term stability through its Mint Condition Rating and dual-income structure. Featuring a renovated 4-bedroom main house and a detached 1-bedroom ADU with Paid-Off Solar, this asset is optimized for rental demand near Chapman University. With extensive modern upgrades and Oversized Driveway Parking, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset housing costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 831 E Hoover Subject | $1,700,000* List Price | 0 | 0 | 2,324 | $663 | - |
A 515 E Hoover Sold | $1,199,000 | 4 | 2 | 2,042 | $587 | 0.2 mi |
B 634 East Adams Avenue Sold | $1,940,000 | 5 | 6 | 2,700 | $719 | 0.2 mi |
C 634 East Adams Avenue Sold | $1,940,000 | 0 | 0 | 2,700 | $719 | 0.2 mi |
D 402 E Hoover Avenue Sold | $1,251,000 | 3 | 3 | 1,716 | $729 | 0.3 mi |
E 760 N Pine St Sold | $1,225,000 | 3 | 2 | 1,975 | $620 | 0.6 mi |
F 909 N Cleveland Sold | $1,290,000 | 3 | 3 | 2,270 | $568 | 0.4 mi |
G 1457 N Pine Street Sold | $1,385,000 | 4 | 3 | 2,265 | $611 | 0.2 mi |
H 1220 E Adams Avenue Sold | $1,225,000 | 3 | 2 | 1,853 | $661 | 0.3 mi |
I 436 Hoover Active | $1,385,000 List Price | 4 | 3 | 2,093 | $662 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1961, the property has undergone an extensive, high-quality renovation within the last 5 years. The main house features a modern kitchen with granite countertops and stainless appliances, fully renovated bathrooms with contemporary tile and fixtures, and updated recessed LED lighting. The detached ADU appears brand new with modern LVP flooring, a full kitchen, and a dedicated solar system. Systems including HVAC and appliances are modern, placing the property in mint, move-in-ready condition.
The property features a detached 1-bedroom ADU with its own kitchen, laundry, and a fully paid-off solar system, providing a turnkey opportunity for multi-generational living or significant rental income.
Located just minutes from Chapman University and Old Towne Orange, the property is ideally positioned to capture consistent high demand from a strong student and faculty tenant base.
The main residence has been thoroughly updated with granite countertops, renovated bathrooms, recessed LED lighting, and hardwood flooring, reducing immediate capital expenditure for a new owner.
At a list price of $1.7 million, the property represents a significant initial investment that may result in tighter cap rates for pure investors compared to lower-priced opportunities in the region.
While the interiors are modernized, the 1961 original construction may still harbor aging core systems such as plumbing or electrical that could require future maintenance or upgrades.
Rare opportunity to acquire a versatile residential income property in a highly desirable Orange location, featuring a spacious 4-bedroom, 2-bathroom main residence plus a detached 1-bedroom, 1-bathroom ADU with its own full kitchen and private laundry. Offering a total of 5 bedrooms and 3 bathrooms across two separate living spaces, the property provides an attractive opportunity for investors seeking multiple rental income streams, an owner-user looking to offset housing costs, or buyers looking to capitalize on the strong rental demand in the area. The main residence has been extensively updated and offers a highly functional 4-bedroom floor plan well suited for long-term rental use. Improvements include an upgraded kitchen with granite countertops, an oversized sink, and abundant cabinet and storage space. Both bathrooms have been renovated with new vanities, tile, and fixtures, while recessed LED lighting has been installed throughout the home. Hardwood flooring extends through all four bedrooms, and the residence includes an LG washer and dryer, GE refrigerator, GE range, and GE dishwasher. The detached ADU provides an additional independent rental opportunity with its own full kitchen, private laundry, and fully paid-off solar system dedicated exclusively to the ADU. With no solar lease or payment to assume, the system offers the potential for reduced operating costs and added value for the ADU occupant. Additional property features include two fireplaces, a spacious backyard with covered gazebo, detached two-car garage, and an oversized driveway providing substantial off-street parking—an important benefit for a multi-unit rental property. Ideally situated just minutes from Chapman University and Old Towne Orange, the property benefits from proximity to a strong tenant base as well as nearby dining, shopping, entertainment, parks, schools, and everyday amenities. Convenient access to the 5, 22, 55, and 57 freeways further enhances the property's rental appeal and accessibility throughout Orange County. With two separate living spaces, extensive upgrades, abundant parking, a detached ADU with paid-off solar, and a location positioned near Chapman University and Old Towne Orange, this property presents a compelling opportunity for investors seeking flexibility, income potential, and long-term value in one of Orange's most desirable rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.7 |
| Baths | 0.0 | 2.5 |
| Square foot | 2,324 | 1,852.159 |
| Lot Size | 8,190 | 7,212.134 |
| Price | $1.70M | $1.31M |
| Price per sq ft | $731 | $692 |
| Built year | 1961 | 1964 |
| HOA | $0 | $151 |
| Days on market | 2 | 48 |
Sep 7, 2026
$1,700,000
Initial Listing
Oct 2, 2009
$510,000
Public Record
Dec 14, 2005
$455,000
Public Record