195 N Malena Drive, Orange, California 92869, Orange, - bed, bath
ACTIVE$988,000
195 N Malena Drive, Orange, California 92869
3Beds
2Baths
1,941Sqft
7,000Lot
Year Built
1962
Close
-
List price
$988K
Original List price
$988K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25174709
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
?? Investment Opportunity in Prime Orange County Location – $300K Below Market Value! ??Attention investors, contractors, and savvy homebuyers – this is the deal you've been waiting for! Located in one of the most desirable neighborhoods in Orange, this 3-bedroom, 2-bathroom home is priced $300,000 under market value and bursting with potential. Bring your hammer and imagination—whether you're looking to flip for profit, build your dream home, or add long-term rental value, this property is your canvas. With solid bones and endless possibilities, this is a rare chance to invest in a high-demand area without breaking the bank. Opportunities like this don’t come often in Orange County—don’t miss out!
Price History
Date
Event
Price
08/04/25
$988,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (88 Listings) | |
|---|---|---|---|
| Beds | 3 | 4 | 30% |
| Baths | 2 | 3 | 42% |
| Square foot | 1,941 | 2,177 | 36% |
| Lot Size | 7,000 | 7,800 | 30% |
| Price | $988K | $1.31M | 11% |
| Price per square foot | $509 | $649 | 7% |
| Built year | 1962 | 1973 | 26% |
| HOA | |||
| Days on market | 93 | 159 | 16% |
Condition Rating
Poor
Built in 1962, this property is 62 years old and shows clear signs of significant deferred maintenance and lack of modern updates. The kitchen features dated white cabinets, old appliances, and worn tile flooring. Other areas exhibit popcorn ceilings, basic light fixtures, and a general state of disrepair and clutter. The laundry area and closet are unfinished and unappealing. The MLS description explicitly markets it as an 'investment opportunity' requiring a 'hammer and imagination' for a 'flip' or 'dream home,' confirming the need for substantial repairs and rehabilitation. While it has 'solid bones' and is not a tear-down, it is far from move-in ready and requires extensive renovation to all major systems and aesthetics.
Pros & Cons
Pros
Exceptional Value Proposition: The property is listed $300,000 below market value, presenting a significant opportunity for immediate equity gain upon renovation.
Prime Orange County Location: Located in one of Orange County's most desirable and high-demand neighborhoods, ensuring strong long-term appreciation potential.
Versatile Investment Opportunity: Ideal for various investment strategies, including flipping for profit, building a custom dream home, or generating long-term rental income.
Solid Structural Foundation: Described as having 'solid bones,' indicating a robust underlying structure suitable for extensive renovation and modernization.
Customization Potential: The property is presented as a 'canvas' with 'endless possibilities,' allowing buyers to fully customize and add significant value.
Cons
Extensive Renovation Required: The property is not move-in ready and explicitly requires significant capital investment and labor for modernization and upgrades.
Outdated Systems and Finishes: Built in 1962, the home likely contains original or outdated systems and finishes that will need complete replacement to meet modern standards.
Potential for Unforeseen Costs: As an older property marketed as a fixer-upper, there is an increased risk of encountering unexpected structural or system issues during renovation, leading to additional expenses.