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16591 E Buena Vista, Orange, California 92865, Orange, 92865 - 6 bed, 3 bath

16591 E Buena Vista, Orange, California 92865 home-pic-0
ACTIVE$1,695,000
16591 E Buena Vista, Orange, California 92865
6Beds
3Baths
3,030Sqft
6,534Lot
Year Built
1979
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$559
HOA
-
Days on market
-
Sold On
-
MLS number
NP25254590
Home ConditionFair
Features
Good View: Park/Greenbelt, Neighborhood, Panoramic
ViewPark/Greenbelt, Neighborhood, Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $1.70M(50th), sqft - 3030(40th), beds - 6(80th), baths - 3(80th).

Located in the desirable Olive Heights neighborhood near Eisenhower Park, this spacious property offers a rare multi-unit opportunity in the City of Orange. The upper level features a large four-bedroom home with generous living spaces and updated finishes, while the lower level includes a well-appointed two-bedroom apartment or guest quarters—ideal for extended living or additional rental income. The property includes two separate garages: a three-car garage for the upper residence and a detached two-plus-car garage for the lower unit, providing ample parking and storage. Recent improvements include refreshed interior and exterior updates, landscaping enhancements, and ongoing exterior painting. Conveniently located near parks, shopping, and major freeways, this property combines versatility, comfort, and an excellent Orange County location. Tenants pay all utilities. Located between the 91 and 55 freeway. Will not finance. Must obtain new loan. AS IS, WHERE IS.

Price History

Date
Event
Price
11/05/25
Listing
$1,695,000
Condition Rating
Fair
The property was built in 1979, making it 45 years old. While the listing mentions 'updated finishes' and 'refreshed interior and exterior updates,' these appear to be cosmetic or minor in nature. The 'AS IS, WHERE IS' sale condition, coupled with the property's age, suggests that major systems and components are likely functional but may be outdated and could require future attention. Without specific details or images of the kitchens and bathrooms, or major systems like HVAC and electrical, it's difficult to confirm extensive modern renovations. The limited exterior images also show signs of an older, maintained property rather than a recently modernized one.
Pros & Cons

Pros

Multi-Unit Income Potential: A rare multi-unit opportunity featuring a 4-bedroom upper residence and a 2-bedroom lower apartment, ideal for extended family living or significant rental income, with tenants paying all utilities.
Prime Orange County Location: Situated in the desirable Olive Heights neighborhood, near Eisenhower Park, shopping, and major freeways (91 and 55), offering excellent Orange County accessibility and convenience.
Ample Parking & Storage: The property boasts two separate garages, a three-car garage for the upper unit and a detached two-plus-car garage for the lower unit, providing extensive parking and storage solutions.
Recent Updates & Views: Features updated finishes, refreshed interior/exterior, landscaping enhancements, and ongoing exterior painting, complemented by desirable Park/Greenbelt, Neighborhood, and Panoramic views.
Spacious Living Areas: With 3030 sqft of living space across both units, the property offers generous room sizes and comfortable living environments for multiple occupants.

Cons

Financing Restrictions: The property 'will not finance' and requires buyers to 'obtain a new loan,' potentially limiting the pool of eligible buyers and complicating the purchase process.
As-Is Sale Condition: Being sold 'AS IS, WHERE IS' implies that the buyer will be responsible for any necessary repairs or upgrades, which could entail unforeseen costs.
Property Age: Built in 1979, despite recent updates, the property's age may suggest older underlying systems or components that could require future maintenance or replacement.

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