Old Towne Orange (OTO) Homes with Traditional Style

Old Towne Orange (OTO) Homes with Traditional Style

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Newest Old Towne Orange (OTO) Homes with Traditional Style

$1,475,000
5 Beds 3 Baths 26897423 MLS Active Status
Experience the quintessential Old Towne Orange lifestyle with this fully stabilized two-on-a-lot income property, just one mile from Chapman University! The main residence (4BR/2BA, 1,522 sq.ft.) showcases authentic mid-century character with vaulted beamed ceilings, hardwood and tile flooring, dual-pane windows, and an open floor plan anchored by a cozy fireplace with sliding glass doors opening to the rear yard. Both bathrooms have been tastefully updated, and the kitchen offers oak cabinetry, granite countertops, a built-in wine rack, and stainless appliances including a gas range and dishwasher. Every bedroom features generous closet space. The second residence (1BR/1BA, 405 sq.ft.), a permitted garage conversion completed in 2026, is brand new construction throughout and remains under contractor warranty, leased at $2,200 per month. Both units are leased through August 2027 with tenants covering all utilities, producing $6,950 per month with zero vacancy exposure. All maintenance items have been addressed, the main-house punch list was completed at lease-up, and the general contractor remains available to a new owner - no deferred maintenance and no near-term capital expenditures anticipated. Outside, enjoy a covered patio, mature front landscaping, a stone walkway, long driveway, carport and off-street parking, plus a large level rear yard offering a clean slate for turf, landscaping, and a dividing fence to give each unit its own private outdoor space. With a location just a short stroll to Chapman University, the Orange Circle, and the eclectic dining, coffee and boutique shopping of Old Towne, plus Metrolink, St. Joseph Hospital, UCI Health and quick 55 and 22 freeway access, this turn-key property is a high-demand rental or a perfect multi-generational setup. At the current list price of $1,475,000, in-place rents equate to approximately a 17.69X GRM and a 4.41% CAP Rate. Notably, the main residence was leased at $6,100 per month as recently as July 2026 - restored to that level the property collects $8,300 monthly, or approximately a 14.81X GRM and an estimated 5.51% CAP Rate.

526 N Emerald Drive, Orange

$1,375,000
2 Beds 2 Baths PW26173236 MLS Active Status
Fully Approved and Permit Ready House Remodel Plans! A thoughtfully reimagined residence nestled in the highly desirable north east quadrant of the Old Town Orange Historic District where historic character, modern comfort, and future value converge. This home presents a rare, meaningful value-add opportunity to own a home in the Old Town Orange Historic District with more than $250,000 invested across property improvements, planning, engineering, historic resource assessment completion, and approvals representing over 13 months of completed groundwork. Fully approved, permit ready house remodel plans envision an approximately 180-square-foot addition to the home to create a future 3 bedroom, 3 bath layout with a luxurious primary suite, walk-in closet, and spa-style primary bath. Separately, the approximately 300 sqft garage that is proposed for conversion to an ADU is in final review phase for city approval and permits. This would present the potential for a total of 4 bedrooms, 4 bathrooms and approximately 1,729 square feet of living space on the premises. This is a significant value for a new owner with ready to build, approved plan sets for the home and final building department review for the ADU underway anticipating full approval in coming weeks. Currently, the updated the home features extensive improvements throughout and is being sold with a completed termite clearance. The new kitchen features quartz countertops and new GE appliances, while updated baths include custom tile, new shower valves, cabinetry and fixtures with a newly reglazed tub. Major system upgrades include new PEX plumbing, a new HVAC system and ducting throughout the home, and a Noritz tankless water heater. Professionally leveled floors, new laminate flooring, fresh interior texture and paint, and exterior paint provide a polished foundation for everyday living. The private grounds have been transformed into a lush English garden inspired retreat, with more than 80 new plants, commercial-grade Netafim drip irrigation, fresh mulch, and decomposed-granite pathways throughout the lot. Three mature, highly productive fruit trees (apple, orange, and lemon) complete the setting. Phenomenal location being a little over a 1/2 mile to everything in Old Town Orange whether local eats or shopping, approximately 3/4 mile to Chapman University, and 1 mile to the 55 freeway.

173 N Waverly, Orange

$1,335,000
4 Beds 3 Baths PW26147688 MLS Active Status
Huge price improvement! A perfect blend of comfort and elegance in this beautifully remodeled 4 bedroom. 2.5 bath home with nearly 2200 sq ft of living space plus a 3 car garage. Ideally situated on quiet, tree lined cul de sac. Thoughtfully designed open concept, great room, creates a natural flow between living room, dinning room and kitchen areas. This great room is enhanced with recessed lighting, wood floors and is flooded with natural light. The heart of the home is a stunning remodeled kitchen with stainless appliances, granite counter tops, center island with seating and an abundance of gorgeous cabinets and counter space. Perfect for large gatherings or family get togethers. A versatile bonus/family room w custom built-ins, fireplace and remodeled half bath adds a tremendous space or possibility of ADU conversion (subject to city approval). Upstairs you'll find a spacious primary suite with walk-in closet and fully remodeled en-suite bath. There are 3 additional nice size bedrooms plus a remodeled hall bath. Extremely private yard w covered patios offers multiple areas relax, entertain or utilize raised garden beds. Upgrades include, wood floors, throughout living areas, bedrooms and halls (tile in baths), Kitchen and all baths remodeled, dual pane windows and sliders throughout, Heat and A/C replaced only one year ago, newer water heater, water softener. Located within a mile of the vibrant atmosphere of Old Town Orange, with the historic plaza, shops and restaurants. Less than a mile from highly acclaimed Chapman University.

745 E Barkley Avenue, Orange

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.