834 N Grand Street, Orange, California 92867, Orange, 92867 - 0 bed, 0 bath
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Orange, California 92867
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned slightly above the $1,071,004 Fair Market Value. While the property carries a Fair Condition Rating due to its 1948 vintage, the 6,642 square foot lot and detached 2-car garage offer significant ADU development potential. Currently leased through May 2027, this Buy-and-Hold Asset provides stable income for Long-Term Investors or Value-Add Developers seeking to capitalize on the proximity to Chapman University and the Orange Circle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 834 N Grand Street Subject | $1,100,000* List Price | 0 | 0 | 1,600 | $669 | - |
A 622 E Lomita Sold | $1,130,000 | 4 | 2 | 1,662 | $680 | 0.2 mi |
B 504 E Barkley Sold | $1,280,000 | 3 | 2 | 1,756 | $729 | 0.2 mi |
C 944 E Concord Avenue Sold | $1,076,000 | 3 | 2 | 1,620 | $664 | 1.0 mi |
D 1036 E Trenton Sold | $1,046,000 | 3 | 2 | 1,386 | $755 | 0.8 mi |
E 1409 E Orange Grove Sold | $1,015,000 | 3 | 2 | 1,350 | $752 | 0.8 mi |
F 1056 N Shaffer Sold | $1,110,000 | 3 | 2 | 1,505 | $738 | 0.3 mi |
G 315 E Wilson Active | $1,149,000 List Price | 4 | 3 | 1,636 | $702 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this property retains original character features in the kitchen and bathrooms, making it significantly dated. While functional and well-maintained as a rental, the age of the structure and systems (over 75 years) and the lack of recent major renovations place it in the fair category, requiring cosmetic and likely system updates.
Situated moments from Chapman University and the historic Orange Circle, the property occupies a high-demand area known for strong rental performance and long-term value retention.
The detached 2-car garage and generous 6,642 square foot lot provide an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion or future property expansion.
The current 4-bedroom configuration offers high utility for investors, while the ability to convert the 4th bedroom back into a formal living room provides versatility for future owner-occupants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1600, other record living area = 1369.
The property is tenant-occupied through May 2027, which prevents immediate owner-occupancy and limits flexibility for buyers not seeking a long-term investment hold.
Featuring original 1948 built-ins and finishes in the kitchen and bathrooms, the home will likely require capital improvements to modernize the space and maximize market value.
Charming single-story home built in 1948 located on the picturesque Grand Avenue, just moments from Chapman University. This well-maintained property has served as a successful rental for years and is currently configured as a 4-bedroom, 2-bathroom residence, with original character features found in the kitchen built-ins and bathrooms. The flexible floor plan offers versatility, with the 4th bedroom originally designed as a formal living room, which could be converted back by a future owner. Situated on a generously sized 6,642 square foot lot, the property presents exciting future potential, including possible expansion or development opportunities. A detached 2-car garage adds additional value with strong ADU potential, making this an attractive option for investors or those looking to maximize income. Just a mile and a half from the restaurants, galleries, and vintage charm of the Orange Circle—with easy access to parks, schools, shopping, Angel Stadium, Honda Center, Disneyland, and more—this is a rare opportunity to own in one of Orange County’s most cherished communities. Property is tenant-occupied and leased through May 2027. Buyer to assume existing lease.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 1% |
| Baths | 0.0 | 3.0 | 1% |
| Square foot | 1,600 | 1,991 | 23% |
| Lot Size | 6,642 | 7,700 | 24% |
| Price | $1.10M | $1.34M | 22% |
| Price per sq ft | $688 | $664 | 56% |
| Built year | 1948 | 1963 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 135 | 4% |
May 15, 2026
$1,100,000
Initial Listing
Aug 25, 2008
$490,000
Public Record