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- Sun. May. 24 at 1:00pm to 4:00pm
About the Listing OC06716 - OCPRELLAU
Rare value-add opportunity set on an expansive ~0.25-acre lot in Orange County, featuring two separate residences with in-place income and strong upside potential, including the opportunity to expand to a three-unit configuration (buyer to verify). The property includes a 2,125 sq. ft. main residence with 4 bedrooms and 3 full bathrooms, offering a bright open layout, spacious living areas, and an updated kitchen with newer Viking range and Viking dishwasher—ideal for owner-occupancy or premium rental income. The detached second residence, approximately 960 sq. ft. with 2 bedrooms and 1 bathroom, has been recently fully renovated and is currently operated as a short-term rental, with a long-established history of consistent rental income. The unit is separately metered for water, electricity, trash, and internet, and includes its own private yard and dedicated parking, creating true independence and flexibility for continued income or multigenerational living. A major value driver is the detached 960 sq. ft. vaulted four-car garage/workshop, offering exceptional utility for storage, business use, or hobbies, with strong potential for future conversion into an additional detached single-family residence or ADU. Combined with the property’s R3 zoning, which may allow for the addition of an additional ADU, this creates a compelling opportunity to increase unit count and maximize income potential (buyer to verify zoning, permits, and feasibility with the city). The property also features an expansive driveway with RV parking and accommodates approximately 10 vehicles, including 6 covered and 4 uncovered spaces, a rare amenity that enhances both usability and tenant appeal. Outdoor areas are designed for enjoyment and added value, featuring multiple seating areas, a newer jacuzzi, and a built-in barbecue island with Weber griddle, creating an attractive environment for both residents and guests. Ideally located approximately 1.3 miles from highly sought-after Oxford Academy and within close proximity to nearby amenities, shopping, and major transportation corridors, this property benefits from strong rental demand in a highly desirable Orange County location. This is a rare opportunity to acquire a versatile, income-producing asset with immediate cash flow and a clear path to increased density and long-term upside, all on a large, well-located parcel.
Listing Highlights
Status
Active
Days on Site
18
Property Type
Multi-Family
MLS ®
OC26092116
Year Built
1956
Total Square Footage
3,085
Lot/Acreage
0.25
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances: 6 Burner Stove, Built-In Range, Convection Oven, Double Oven, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Exhaust Fan, Freezer, Gas Cooktop, Disposal, Gas Range, Gas Water Heater, High Efficiency Water Heater, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Softener, Tankless Water Heater
- Air Cond: Central Air,Attic Fan
- Heating: Central
- Fireplaces: Family Room,Gas,Living Room
- Floor: Carpet,Tile,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Built-in Features,Ceiling Fan(s),Granite Counters,In-Law Floorplan,Open Floorplan,Pantry,Pull Down Attic Stairs,Recessed Lighting,Storage,Unfurnished,Bar,Wired for Sound,All Bedrooms Down,Bedroom on Main Level,Instant Hot Water,Main Level Primary,Multiple Primary Suites,Workshop
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Back Yard,Front Yard,Sprinklers In Front,Sprinklers Manual,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Roof:
- Others: Updated/Remodeled,Vinyl Siding,Copper Plumbing,2+ Total Units
- Sewer: None
- Parking Features: Concrete,Door-Multi,Driveway,Garage Faces Front,Garage,Oversized,Paved,Pull-through,RV Access/Parking,One Space,Tandem,Workshop in Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 26244404
- Tax Year: N/A
Payment Calculator
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Questions About..
8651 La Homa Cypress, CA 90630
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