115 Olinda Place, Brea, California 92823, Brea, - bed, bath

home-pic
ACTIVE$2,100,000
115 Olinda Place, Brea, California 92823
0Bed
0Bath
6,188Sqft
22,493Lot
Year Built
1971
Close
-
List price
$2.1M
Original List price
$2.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25214593
Home ConditionGood
Features
Good View: Canyon, Trees/Woods
Patio
ViewCanyon, Trees/Woods

About this home

Welcome to 115 Olinda Pl. Nestled in the picturesque community of Olinda Village, this great income producing four unit property offers the perfect blend of comfort and character. A hidden gem in the heart of Brea, right off of Carbon Canyon Road this property is a haven of warmth and tranquility. As you approach the property, you’ll be immediately drawn to the eye catching curb appeal with newly redone drought tolerant landscaping and sprinkler irrigation system and a welcoming front entrance view. Inside each of these units are two story floor plans featuring spacious living areas, central air and heating and indoor washer and dryer hook ups and dual pane energy efficient windows illuminating the interior with natural light with an open airy feeling. The kitchen offers ample counter space and a cozy breakfast nook. Adjacent to the kitchen is a comfortable living room ideal for relaxation or family gatherings. The bedrooms are located on the second story offering generous closet space and a serene atmosphere to unwind at the end of the day. Step outside into the enclosed backyard patio area perfect for outdoor barbeques, gardening, or simply enjoying the quiet canyon surroundings of Olinda Village. Residents of Olinda Village enjoy the best of both worlds—seclusion and community with a close-knit neighborhood and top-rated school district. Don't miss the opportunity to call this great income producing property your own.

Nearby schools

8/10
Olinda Elementary School
Public,K-62.9mi
8/10
Brea Junior High School
Public,7-85.2mi
7/10
Brea-Olinda High School
Public,9-123.9mi

Price History

Date
Event
Price
10/17/25
Price Change
$2,100,000-4.5%
09/12/25
Listing
$2,200,000
Condition Rating
Good

Despite being built in 1971, this property appears to have undergone significant and recent renovations, making it move-in ready. The kitchen features a new stainless steel gas range and clean countertops, while the bathroom boasts modern fixtures and wood-look tile flooring. Throughout the living areas, there's updated wood-look laminate flooring and clean carpeting in the bedrooms, along with fresh paint. The description also notes dual-pane energy-efficient windows and central air/heating, indicating functional major systems. While not a brand-new build, the extensive updates align with a property extensively renovated within the last 5-15 years, showing minimal wear and tear and no immediate renovation needs.
Pros & Cons

Pros

Income-Producing Asset: This is a great income-producing four-unit property (quadruplex), offering significant investment potential and multiple revenue streams.
Desirable Community & Location: Nestled in the picturesque Olinda Village, the property offers a unique blend of seclusion and community, with quiet canyon surroundings and a close-knit neighborhood in Brea.
Recent Upgrades & Modern Amenities: The property features newly redone drought-tolerant landscaping with a sprinkler system, central air and heating, indoor washer/dryer hookups, and dual-pane energy-efficient windows, enhancing comfort and efficiency.
Functional Unit Layouts: Each unit boasts a spacious two-story floor plan with ample kitchen counter space, a cozy breakfast nook, and an enclosed backyard patio, providing comfortable living spaces.
Top-Rated School District: The property is located within a top-rated school district, which is a strong draw for families and can contribute to long-term property value.

Cons

Property Age: Built in 1971, the property's age, despite some mentioned upgrades, may imply older infrastructure or components that could require future maintenance or renovation not explicitly detailed.
Price Reduction: The listing has undergone a price reduction from $2.2M to $2.1M, which could suggest initial overpricing or a longer market time, potentially indicating buyer resistance at the previous price point.
Generic Subdivision Name: The subdivision name is listed as 'Other,' which might lack the specific branding or established reputation of a named community, potentially affecting perceived value or marketability for some buyers.

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