418 W Olive Avenue, La Habra, California 90631, La Habra, - bed, bath
ACTIVE$515,000
418 W Olive Avenue, La Habra, California 90631
2Beds
1Bath
840Sqft
6,205Lot
Year Built
1947
Close
-
List price
$515K
Original List price
$665K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25132573
Home ConditionTear down
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods
About this home
Tons of potential on this lot!!! ZONED R4!! Very Private flat lot once up the driveway. Featuring a 2 Bedroom 1 Bath Home. The lot sits up high from the street giving you a nice open feeling with view of trees. Room to grow on this great lot. Close to all shopping, schools and Brea Mall. Check with the City of La Habra to see what you can build.
Price History
Date
Event
Price
10/27/25
Price Change
$515,000-14.2%
08/19/25
Price Change
$600,000
06/13/25
Listing
$665,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (139 Listings) | |
|---|---|---|---|
| Beds | 2 | 4 | 6% |
| Baths | 1 | 2 | 9% |
| Square foot | 840 | 1,690 | 2% |
| Lot Size | 6,205 | 7,475 | 24% |
| Price | $515K | $1,000K | 1% |
| Price per square foot | $613 | $589.5 | 58% |
| Built year | 1947 | 9795980 | 6% |
| HOA | |||
| Days on market | 145 | 165 | 42% |
Condition Rating
Tear down
Built in 1947, this property is 77 years old and shows no evidence of major renovations in the past 50 years. The kitchen features original-style wood cabinets, very old appliances (gas range, refrigerator), and dated linoleum flooring, requiring a complete overhaul. Other interior spaces display outdated wood paneling, worn carpets, old tile, and basic light fixtures. The listing description itself emphasizes the 'potential on this lot' and its R4 zoning, strongly suggesting the value lies in the land for redevelopment rather than the existing structure, which is consistent with a tear-down assessment.
Pros & Cons
Pros
High Development Potential: The R4 zoning designation offers significant opportunities for multi-unit development or substantial expansion, maximizing lot utility.
Private & Elevated Lot: The property boasts a private, flat lot situated above street level, providing an open feel and enhanced seclusion.
Scenic Tree Views: Enjoyable views of trees and woods contribute to a pleasant and serene living environment.
Expansion & Customization Opportunity: The generous lot size and R4 zoning provide ample space and flexibility for future expansion or custom new construction.
Prime Location Accessibility: Conveniently located near major shopping centers, schools, and the Brea Mall, offering excellent access to amenities.
Cons
Outdated & Small Existing Home: The current 1947-built 2-bedroom, 1-bathroom home with 840 sqft is small and likely requires extensive renovation or replacement, representing a significant upfront investment.
Substantial Price Reductions: Multiple price drops from the original list price of $665,000 to $515,000 suggest challenges in market valuation or buyer interest, potentially indicating underlying issues or overpricing.
Age-Related Maintenance & Upgrades: Built in 1947, the property is likely to require significant investment in updating major systems (plumbing, electrical, HVAC) and addressing potential deferred maintenance.