1139 W Sycamore, Orange, California 92868, Orange, 92868 - bed, bath

1139 W Sycamore, Orange, California 92868 home-pic-0
ACTIVE$1,050,000
1139 W Sycamore, Orange, California 92868
0Bed
0Bath
1,293Sqft
6,280Lot
Year Built
1958
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$812
HOA
-
Days on market
-
Sold On
-
MLS number
OC25260257
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.05M(62th), sqft - 1293(22th), beds - undefined(8th), baths - undefined(8th).

4 bedroom, 2 bathroom home located in one of the most preferred neighborhoods near Chapman University. The property is rented at $5,700 per month through 6/30/2026, offering strong and consistent income. Once the lease ends, the home is well suited for a future occupant or for continued rental use. The location provides convenient access to Chapman, the historic Orange Plaza, local shops, dining, and parks. The layout features comfortable living spaces, spacious bedrooms, and a backyard that can be enjoyed year round. There is also an opportunity to add value. Many investors in the area explore an ADU or garage conversion, which can generate an estimated $2,000 to $2,500 in additional rent depending on design and approvals. This is a rare chance to own a fully leased property in a high demand Orange neighborhood close to everything.

Price History

Date
Event
Price
11/13/25
Listing
$1,050,000
04/18/14
Sold
$465,000
01/31/00
Sold
$216,500
Condition Rating
Fair

Built in 1958, this property has been maintained and appears functional, but the interior, particularly the kitchen and bathrooms, shows signs of being outdated. The kitchen features traditional wood cabinets, older-style countertops, and black appliances, while the bathrooms have dated vanities and tile work. The tile flooring throughout is clean but not a modern choice. While move-in ready, it requires significant aesthetic updates to meet current market expectations, aligning with a renovation timeline of 15-30 years ago.
Pros & Cons

Pros

Guaranteed Income Stream: The property is fully leased at $5,700 per month through June 2026, providing immediate and stable cash flow for investors.
Exceptional Location: Situated in a highly sought-after neighborhood near Chapman University, historic Orange Plaza, local shops, dining, and parks, ensuring strong tenant demand and property value.
Significant Value-Add Potential: Opportunity to enhance income and equity through ADU or garage conversion, with an estimated additional rent of $2,000-$2,500, boosting overall return on investment.
Flexible Future Occupancy: The home is well-suited for continued rental use or as a future owner-occupied residence once the current lease concludes, offering versatility to the buyer.
High Market Demand: Located in a 'high demand Orange neighborhood,' indicating robust appreciation potential and consistent interest from both renters and prospective buyers.

Cons

Age of Property & Potential for Updates: Built in 1958, the home is over 60 years old, which may necessitate significant updates or renovations to systems and aesthetics to meet modern buyer expectations or maximize future rental income.
Overpriced Relative to Estimation: The current listing price of $1,050,000 is 6% above the estimated property value of approximately $981,538, potentially indicating it is priced at the higher end of the market.
Long-Term Tenant Occupancy: While providing income, the existing lease through June 2026 restricts immediate owner-occupancy and limits the buyer pool to investors or those willing to wait, and means inheriting current tenants and lease terms.

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