* * * Short Sale * * * Great Investment Opportunity with Two on a Lot * * * This wonderful property is located on a tree-lined street in historic Old Towne within walking distance to the fabulous antique stores and restaurants of renown Orange Circle and acclaimed Chapman University. The main house is a charming California Bungalow 2BR + 1 BA approx. 799 SF of living space built in 1904. The second unit added in 1965, also has 2BR + 1 BA approx. 906 SF of living space and is ideal for income or extended family living. Both are single story with classic details. The property is private with mature trees and a long driveway for convenient multi-car or RV parking. Its proximity is also close to freeways, schools, parks and a state of the art library. Rent one or both units (gross rents are based on market rents of approx. $1,400/month for front unit #331 & $1,600/month for back unit #333. No Mello Roos and low tax rate.
Multi-familyProperty Type
1904Year Built
6,216 sq ftLot Size
$580Est. Price/Sq.Ft.
2 car garageParking
Listed by Dan Shusterman•DRE #01247621• Seven Gables Real Estate
Listed by Kevin Drumm•DRE #01821235• Seven Gables Real Estate
Bought with Dan Shusterman•DRE #01247621• Seven Gables Real Estate
Desirable 2 On Lot In Heart Of Old Towne. Front House Has Upgraded Kitchen And Bath And Central Heating. Back House Probably Built In 60's. Each Unit Has A Single Car Garage And Front And Back Yards.
CRMLS #P199201
Oct 5, 2000
Sold
$284,000
$164/sq ft
Jul 23, 2000
Listed
$309,900
$179/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,869 (+2.3%)
$540,789 + $66,868
$607,657
2024
$6,716 (+2.3%)
$530,186 + $65,557
$595,743
2023
$6,566 (+2.0%)
$519,790 + $64,272
$584,062
2022
$6,437 (+2.8%)
$509,598 + $63,012
$572,610
2021
$6,260 (+0.9%)
$499,606 + $61,777
$561,383
2020
$6,202 (+1.2%)
$489,810 + $60,566
$550,376
2019
$6,126 (+1.5%)
$484,788 + $59,945
$544,733
2018
$6,034 (+4.2%)
$475,282 + $58,770
$534,052
2017
$5,788 (+2.0%)
$456,826 + $56,489
$513,315
2016
$5,677 (+1.5%)
$456,826 + $56,489
$513,315
2015
$5,594 (+2.2%)
$447,868 + $55,382
$503,250
2014
$5,476 (+3.9%)
$432,499 + $53,483
$485,982
2013
$5,270 (+0.5%)
$432,499 + $53,483
$485,982
2012
$5,246 (+36.3%)
$413,824 + $51,176
$465,000
2011
$3,848 (+1.5%)
$413,824 + $51,176
$465,000
2010
$3,790 (+0.9%)
$276,916 + $57,105
$334,021
2009
$3,755 (+3.0%)
$274,846 + $56,679
$331,525
2008
$3,644
$275,499 + $56,814
$332,313
Tax history for 331 S ORANGE St S
Year
Property tax
Land + Additions
Assessment*
2025
$6,869 (+2.3%)
$540,789 + $66,868
$607,657
2024
$6,716 (+2.3%)
$530,186 + $65,557
$595,743
2023
$6,566 (+2.0%)
$519,790 + $64,272
$584,062
2022
$6,437 (+2.8%)
$509,598 + $63,012
$572,610
2021
$6,260 (+0.9%)
$499,606 + $61,777
$561,383
2020
$6,202 (+1.2%)
$489,810 + $60,566
$550,376
2019
$6,126 (+1.5%)
$484,788 + $59,945
$544,733
2018
$6,034 (+4.2%)
$475,282 + $58,770
$534,052
2017
$5,788 (+2.0%)
$456,826 + $56,489
$513,315
2016
$5,677 (+1.5%)
$456,826 + $56,489
$513,315
2015
$5,594 (+2.2%)
$447,868 + $55,382
$503,250
2014
$5,476 (+3.9%)
$432,499 + $53,483
$485,982
2013
$5,270 (+0.5%)
$432,499 + $53,483
$485,982
2012
$5,246 (+36.3%)
$413,824 + $51,176
$465,000
2011
$3,848 (+1.5%)
$413,824 + $51,176
$465,000
2010
$3,790 (+0.9%)
$276,916 + $57,105
$334,021
2009
$3,755 (+3.0%)
$274,846 + $56,679
$331,525
2008
$3,644
$275,499 + $56,814
$332,313
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
6,216 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
Orange County
APN
39040203
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 28, 2026.
R-1-6
NP
Single-Family Residential District
The purpose of this chapter is to create and preserve residential areas for a range of housing types and lifestyles. These provisions establish use regulations and development standards which are intended to create the highest quality residential development, minimize land use conflicts, encourage the rehabilitation and maintenance of residential neighborhoods and implement the goals of the City's General Plan. The provisions of this chapter do not guarantee that the maximum General Plan density is achievable for all projects and properties. Development density is dependent on many factors including lot configuration, topography, unit size, development standards, neighborhood context and other discretionary factors.; A single-family residential district with a minimum lot area of 6,000 sq ft.
Zone overlays
Neighborhood Preservation Overlay District
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Senior
Housing-Other
Housing-Mobile home park
May 28, 1997 • Final
Electrical
Electrical
May 28, 1997 • Final
Plumbing
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 2
Driveway, Garage - Front Entry, RV Access/Parking, Garage - Two Door
Has Parking
# of Parking Spaces: 2
Interior
Kitchen Information
Has Appliances
Heating Information
Forced Air, Natural Gas, Wall Heater
Has Heating
Interior Features
Levels: One
Exterior
Exterior Information
Roof: Composition
Construction Materials: Stucco
Lot Information
Lot Size Source: Assessor's Data
Property Information
Total # of Units: 2
Parcel Number: 39040203
Personal Property Amount: 0
Personal Property Percent: 0.00
Financial
Lease / Rental Details
Operating Expense: $5,254
Other Expense Description: 0
Tenant Pays: Cable TV, Electricity, Gas, Water
Utilities
Utilities Information
Sewer: Sewer Paid
Sewer Connected
Water Source: District/Public
Location
Expenses
Insurance: $1,500
New Taxes: $3,754
Multi-Unit Information
# of Units With Carpet: 2
Net Operating Income: $30,746
Average 2 Bed Area: 862
Total Building Area: 1,732
Gross Scheduled Income: $36,000
Gross Multiplier: 13.47
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 2
# Of Separate Electric Meters: 2
# Of Buildings: 2
Vacancy Allowance: 0
Location Information
Latitude: 33.78365600
Longitude: -117.85202700
Directions: WEST ON CHAPMAN. LEFT ON ORANGE. HOME ON LEFT HAND SIDE (SIGN AT PROPERTY)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 6,216 square feet
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Orange County
APN: 39040203
Home facts updated by county records on Oct 28, 2026
Other
Listing Information
Days Active in MLS: 176
Continuous Days Active in MLS: 176
Listing Agent Information
List Agent First Name: Dan
List Agent Last Name: Shusterman
Co-List Agent First Name: Kevin
Co-List Agent Last Name: Drumm
Listing Office Information
List Office Name: Seven Gables Real Estate
Co-List Office Name: Seven Gables Real Estate
Selling Agent Information
Buyer Agent First Name: Dan
Buyer Agent Last Name: Shusterman
Selling Office Information
Buyer Office Name: Seven Gables Real Estate
Around this home
Schools
K - 12
Preschool & daycare
Palmyra Gate Magnet
Public K-6 • Assigned • 0.7mi
7/10
Yorba Middle School
Public 7-8 • Assigned • 1.5mi
6/10
Orange High School
Public 9-12 • Assigned • 1.0mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 94° expected this year, 22 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
12 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Orange, CA • 92866
Average low and high temperatures (°F)
72
49
73
50
76
54
75
55
77
60
81
63
84
66
86
65
85
65
79
57
73
52
71
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 7 hours in December, placing it above the
U.S. average for solar exposure.
9.3 hrs
7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$955,000 – $1.16M
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