942 Oleander Street, Brea, California 92821, Brea, 92821 - 5 bed, 4 bath
942 Oleander Street
Brea, California 92821
Property Price
SUMMARY
Analysis of 942 Oleander Street, Brea, California 92821 reveals a Prime Investment Opportunity with a current list price of $1,190,000—significantly undercutting the $1,268,925 Fair Market Value by 6%. This valuation gap indicates a +$78,925 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Brea Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 942 Oleander Street Subject | $1,190,000* List Price | 5 | 4 | 2,527 | $502 | - |
A 616 Linden Way Sold | $939,562 | 4 | 2 | 1,749 | $537 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is well-maintained but reflects its 1956 origins with updates that appear to be 20-30 years old. The kitchen features dated tile countertops and older wood cabinetry, while the bathrooms and carpeted living areas show signs of age. While functional and move-in ready, the home requires cosmetic modernization and potential system updates to meet current contemporary standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Square Footage
At 2,527 square feet, this 5-bedroom residence is significantly larger than typical homes in the neighborhood, offering rare scale and long-term value.
- Highly Functional Layout
The floor plan features four full bedrooms each with their own dedicated bathrooms, providing a level of privacy and convenience ideal for large or multi-generational families.
- Prime Location and Schools
Located within the prestigious Brea-Olinda Unified School District and just blocks from the vibrant shopping, dining, and entertainment of downtown Brea.
CONSRISKS & DEFICIENCIES
- Potential for Modernization
The kitchen and living areas may require updates or wall removals to achieve the open-concept flow preferred by many modern buyers.
- Vintage Infrastructure
Built in 1956, the property may necessitate inspections and potential upgrades to older mechanical, electrical, or plumbing systems typical of the era.
- Two-Story Accessibility
The multi-level configuration may be a drawback for buyers specifically seeking single-story living or those with long-term mobility considerations.
About 942 Oleander Street
Homes of this size are a rare find among Brea homes for sale and this one truly stands out. Welcome to 942 Oleander Street, a spacious two story home in Brea offering exceptional flexibility, comfort, and long term value on a quiet residential street in the heart of North Orange County real estate. Offering approximately 2,527 square feet, this residence features 5 bedrooms and 4 bathrooms: 1 bonus room and 4 full bedrooms each with their own bathrooms, making it one of the largest homes in the neighborhood. The versatile floor plan includes an oversized room that adapts easily to today’s evolving lifestyle needs. A cozy fireplace anchors the main living space, while attic storage adds valuable functionality rarely found in homes of this size. The large kitchen provides excellent flow and presents an exciting opportunity to create a more open and connected living environment, ideal for both everyday living and entertaining. Set on a 7,416 sq ft corner lot, this large lot home in Brea features a generous backyard with mature avocado, tangerine, and orange trees, along with a gated side yard offering space for RV parking. Additional highlights include a solar system with energy credits, enhancing efficiency and reducing monthly expenses. The home is located within the highly regarded Brea-Olinda Unified School District, recognized accredited California schools, 2 blocks from Aero Vista Elementary. Just bocks away from modern downtown Brea, groceries, shopping, restaurants, movie theaters, comedy club, and coming soon bowling alley. Brea is where big brands have their offices like Aerospace Engineering Corporation, Albertsons, Nationwide Insurance, Bank of America and Beckman Coulter. Also, there are no after hours bars in the whole city of Brea, and easy access to freeway 57 and 91, that takes you anywhere you like whether it is Los Angeles or Riverside. This is a rare opportunity to own a well located, two story home in Brea that delivers space, versatility, and long term value in one of North Orange County’s most desirable communities. Don’t wait call listing agents for details and showings today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 7,416 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 4.0 | 3.0 | 87% |
| Square foot | 2,527 | 1,860 | 77% |
| Lot Size | 7,416 | 7,227 | 54% |
| Price | $1.19M | $1.17M | 51% |
| Price per sq ft | $471 | $588 | 10% |
| Built year | 1956 | 1968 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 148 | 6% |
Pricing History
Listed for Sale
Feb 5, 2026
$1,190,000
Initial Listing
Sold
Nov 24, 2020
$806,000
Public Record