130 N Lester Drive, Orange, California 92868, Orange, - bed, bath

home-pic
ACTIVE$1,350,000
130 N Lester Drive, Orange, California 92868
0Bed
0Bath
1,917Sqft
4,657Lot
Year Built
1947
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25142871
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Two Homes on One Lot in the Heart of Orange! Incredible investment opportunity on one of the most charming streets in the City of Orange! This centrally located, fully leased income property features two detached homes on one lot, generating $7,000/month in rental income. The front house, originally built in 1947 and thoughtfully remodeled, is approximately 1,277 sq ft and currently leased furnished for $4,200/month. This stylish 2-bedroom, 1-bath home includes a sunroom that has been converted into a third bedroom . Inside, you'll find large windows, an open-concept living and dining space, and a farmhouse kitchen with stainless steel appliances, a farmhouse sink, and French doors. The home is equipped with central heating and AC, and the private covered patio includes a TV, ceiling fan, and seating area—perfect for relaxing or entertaining. The back house is a separate 2-bedroom, 1-bath unit measuring approximately 640 sq ft, currently leased furnished for $2,800/month. It features skylights, concrete floors, copper plumbing, vaulted ceilings with ceiling fans, wall-mounted AC, and stainless steel appliances. Full of character and natural light, this space is equally appealing to tenants. Whether you're an investor seeking strong cash flow or a buyer looking for a flexible multi-generational living setup, 130 N Lester Dr is a must-see!

Price History

Date
Event
Price
06/25/25
Listing
$1,350,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds00
Baths00
Square foot1,9172,395
20%
Lot Size4,6576,098
20%
Price$1.35M$1.35M
50%
Price per square foot$704$567
80%
Built year19471964
20%
HOA
Days on market134209
20%
Condition Rating
Excellent

Despite being built in 1947, this property has undergone extensive and thoughtful remodeling, bringing it to an excellent, move-in ready condition. The front house features a modern farmhouse kitchen with stainless steel appliances, a farmhouse sink, and wood countertops, along with a recently updated bathroom showcasing contemporary gray subway tiles and a glass shower enclosure. The back house also presents modern finishes, stainless steel appliances, and updated flooring. All visible components, including kitchens, bathrooms, flooring, and light fixtures, appear new or virtually new, reflecting current quality standards and styles with no apparent deferred maintenance.
Pros & Cons

Pros

Strong Rental Income: This property is a fully leased income-generating asset, currently bringing in $7,000/month from two detached units, offering immediate and substantial cash flow for investors.
Versatile Living Arrangement: With two separate homes on one lot, the property is ideal for both investors seeking strong returns and buyers looking for a flexible multi-generational living setup.
Remodeled & Updated Units: Both the front and back homes have been thoughtfully remodeled, featuring modern amenities like stainless steel appliances, updated kitchens, and appealing aesthetics.
Prime Central Location: Centrally located in the charming City of Orange, the property benefits from a desirable address on one of the city's most appealing streets.
Modern Comforts & Features: The front house boasts central heating and AC, while the back house includes skylights, vaulted ceilings, and copper plumbing, enhancing tenant appeal and comfort.

Cons

Age of Original Construction: Built in 1947, the property's age, despite remodels, may imply potential for older infrastructure issues or higher maintenance costs in the long term.
Limited Lot Size: The 4,657 sq ft lot is relatively small for two detached homes, potentially limiting private outdoor space for tenants or future expansion opportunities.
Varied Cooling Systems: While the front house has central AC, the back unit relies on wall-mounted AC, which may be less efficient or desirable for some tenants compared to a full central system.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State