1850 N Shaffer St Coming Soon Save Request In-Person Tour Request Virtual Tour
Orange,CA 92865-4415
Key Details
Property Type Single Family Home
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,742 sqft
Price per Sqft $717
Bedrooms 6
Full Baths 3
Lot Size 0.430 Acres
Property Description
Address: 1850 N Shaffer St, Orange, CA 92865
Purchase Price: $1,250,000
Rehab Estimate: $130,000
Projected After Repair Value (ARV): $1,600,000+
Property Overview:
This extraordinary 6-bedroom, 3-bathroom property offers unmatched versatility and potential. Located in a quiet, upscale neighborhood near Chapman University, it boasts approximately 2,250 sq/ft of living space (including 500–600 sq/ft of bonus rooms) on a sprawling .43-acre lot with 14,000–15,000 sq/ft of usable area. The property's layout and features make it ideal for a flip, a buy-and-hold investment, or even a multi-family development (pending city approval).
Property Features:
Bonus Space: Approximately 500–600 sq/ft of additional square footage built in a workmanlike manner, adding significant value.
Detached Units: Two detached bungalows and a single studio with potential to convert into one ADU and two Jr. ADUs.
Garage Conversion: Includes a bedroom, walk-in closet, and storage space.
Outdoor Amenities: Large patio with room for a pool and spa, plus an outdoor BBQ island perfect for entertaining.
Lot Potential: The expansive lot, including easement space, offers opportunities for subdivision or further development (pending zoning and city approval).
Prime Location:
Proximity to Chapman University: Excellent potential for student rentals.
Desirable Neighborhood: Situated in a quiet, upscale area close to schools, shopping, and dining.
Investment Highlights:
Versatility: Ideal for a flip, income-producing rental, or multi-family development.
High Demand Area: Proximity to Chapman University ensures consistent rental demand.
ARV Potential: Estimated After Repair Value of $1,600,000+ after $130,000 in renovations.
Don't Miss Out!
This property is under contract and shown by appointment only. Contact us today for more details and to explore the potential of this exceptional opportunity.
Location
State CA
County Orange