942 Oleander Street, Brea, California 92821, Brea, 92821 - 5 bed, 4 bath
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Brea, California 92821
This Versatile Two-Story Residence is a Strong Value Opportunity, listed at $1,190,000—positioned well below the $1,268,925 Fair Market Value by 6%. This valuation gap provides $78,925 in Instant Equity for the savvy buyer. While maintaining a functional Condition Rating of 4, the home offers rare scale with 5 Bedrooms, a Solar System, and RV Parking on a large corner lot. Located in the premier Brea-Olinda Unified School District, it balances immediate comfort with significant modernization potential. This is an ideal acquisition for Owner-Occupants seeking long-term value or Buy-and-Hold Investors targeting high-demand North Orange County real estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 942 Oleander Street Subject | $1,150,000* List Price | 5 | 4 | 2,527 | $471 | - |
A 616 Linden Way Sold | $939,562 | 4 | 2 | 1,749 | $537 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
Located within the prestigious Brea-Olinda Unified School District and just blocks from the vibrant shopping, dining, and entertainment of downtown Brea.
The kitchen and living areas may require updates or wall removals to achieve the open-concept flow preferred by many modern buyers.
Built in 1956, the property may necessitate inspections and potential upgrades to older mechanical, electrical, or plumbing systems typical of the era.
The multi-level configuration may be a drawback for buyers specifically seeking single-story living or those with long-term mobility considerations.
Welcome to 942 W. Oleander St., Brea, CA 92821, the heart of North Orange County. Offering a 4-bedroom 4-bathroom (ea. have their own bathroom) plus 1 large bonus/game room, 2,527 sq ft of living space w/ 7,616 sq ft corner lot—making it one of the largest homes in the neighborhood. The versatile floorplan includes A/C & heating, copper plumbing, new 50 G water heater, oversized rooms, lots of closet/pantry/storage space. A cozy fireplace anchors to the living rm, dining rm and den. Large kitchen w/ plenty of granite countertops/cabinetry space, stainless steel dual sink, garbage disposal, dishwasher, stove/oven—ideal for everyday living or entertaining. Walk out to a large backyard with fruit trees (tangerine, oranges, avocado), RV parking, covered patio, plants, out swinging gate and side gates. Additionally, the home comes with double pane windows. Solar power system includes SCE monthly credits, enhancing efficiency and reducing monthly expenses. Home is located in the highly regarded, California accredited Brea-Olinda Unified School District, 2 blocks adjacent to Arovista Elementary. Also minutes away from modern Downtown Brea for groceries, shopping, coffee houses, entertainment, Improv comedy, movie theatre, Benihana, Yard House, Chachas, dining, sushi, noodles and burgers—to name a few. A taste for the whole family. Coming soon, a bowling alley. Also, Brea is home headquarters to major brand name corporations. The popular Brea Mall has all your shopping needs. Disneyland is 7 miles, Knott’s about 10 miles. Brea does not have any after hour bars. All within a 3–4 mile radius from you. Includes FWYs 57, 91. Rare opportunity to own a well located 2 story home in the City of Brea that delivers space, versatility and long term value in one of the most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 4.0 | 3.0 | 82% |
| Square foot | 2,527 | 2,000 | 72% |
| Lot Size | 7,416 | 7,280 | 52% |
| Price | $1.15M | $1.20M | 44% |
| Price per sq ft | $455 | $583 | 8% |
| Built year | 1956 | 1968 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 134 | 24% |
Apr 1, 2026
$1,150,000
$1,190,000
-3% Price Drop
Initial Listing
Feb 5, 2026
$1,190,000
Initial Listing
Nov 24, 2020
$806,000
Public Record