List Price: $2M

Listing Status: Pending

Original List Price: $2.09M

Days on Market: 93

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1957

Lot Size: 9,100 sq ft

Private Pool: Yes

MLS Number: PW26046705

About This Property

Rare opportunity for student housing investor or Chapman parent to own a versatile 5-bedroom, 6-bath single-story pool home near Chapman University, with the upcoming OCVIBE development (2027) and just minutes from Old Towne Orange and Disneyland. Located on a quiet, tree-lined street, each bedroom in this home features its own exterior doors and private ensuite bathroom and includes a permitted detached ADU with its own address at 636 E Adams. The ADU features a full kitchen with THOR 36" six-burner gas stove, upgraded appliances, living room, in-unit laundry, and two bathrooms, with plans to expand approximately 235 sq ft to add a second bedroom for additional rental income potential. The main home has a history of short-term rental use, while the ADU can also be rented independently. Strong demand for student rentals, proximity to Chapman University, local attractions, shopping, dining, and the stable sales history in the neighborhood all contribute to long-term income potential and value retention. The property offers flexible opportunities including long-term rental, student housing, or senior-living conversion, all subject to city regulations. Step inside the main residence to discover updated kitchens and bathrooms, double oven, soft-close cabinet doors, VIKING six-burner gas cooktop, 8mm LVP flooring, leathered quartz countertops, and smart locks on all doors. The living room is filled with natural light from a skylight, anchored by a cozy fireplace and mantel, with generous closet space for storage. This wheelchair-accessible home boasts a gorgeous roll-in shower with three shower heads, offering both luxury and accessibility throughout. Extensive infrastructure upgrades include major plumbing improvements, paid 24-panel solar system, solar pool heating, EV-ready 50-amp Level 2 charging, upgraded electrical and CAT6/7 wiring, Zoned HVAC system with UV-light technology and newer ducting in the attic, and energy-efficient heat pump systems. Lush front and backyard landscaping, inspired by the Disneyland Hotel, surrounds a waterfall pool, spa, and mature avocado, lime, and tangerine trees. The pool area is fully fenced with a removable mesh safety gate system. Additional amenities include generous parking, RV hookups with dump access, and storage structures. This home blends flexible living, resort-style amenities, and income potential in one of Orange’s most desirable neighborhoods. The list of upgrades goes on and on, a must see to appreciate!