Old Towne Orange (OTO) Homes under $2 million

Welcome to Old Towne Orange (OTO), a charming gem nestled in the heart of Orange County, California. Known for its rich history and vibrant community, Old Towne Orange is a delightful blend of vintage charm and modern convenience. The area boasts beautifully preserved historic buildings, quaint boutiques, and a variety of dining options that cater to every palate. Strolling through the tree-lined streets, you’ll be captivated by the warm, inviting atmosphere that makes this neighborhood truly special.

One of the most appealing aspects of Old Towne Orange is the diverse selection of homes available, particularly those priced under $2 million. Here, you can find a range of architectural styles, from classic Craftsman bungalows to elegant Spanish Revival homes. Each property tells its own story and reflects the unique character of the area. With spacious yards and proximity to parks, these homes are perfect for families, professionals, and anyone looking to embrace the Southern California lifestyle.

Living in Old Towne Orange means having access to top-notch schools, vibrant community events, and a plethora of outdoor activities. The nearby Orange Circle, a hub of local culture, hosts farmers' markets, art walks, and seasonal festivals that foster a strong sense of community. With its convenient location, residents enjoy easy access to major freeways, making commuting a breeze.

Whether you’re seeking a historic home with character or a modern abode with all the amenities, Old Towne Orange offers an enticing array of options that make it a wonderful place to call home. Discover the charm of Old Towne Orange today!

Newest Old Towne Orange (OTO) Homes under $2 million

$1,350,000

2 Beds ⋅ 2 Baths ⋅ OC26220796 MLS ⋅ Coming Soon Status

A classic mid-century ranch on an expansive corner lot, this single-level home beautifully balances authentic character with modern, turnkey updates. Nestled in the coveted "Tree Streets" pocket east of Cambridge, the property embraces the timeless spirit of central Orange. A welcoming covered front porch and classic Dutch door introduce light-filled interiors detailed with refinished original hardwood floors and crisp architectural touches. The rare dual-living floor plan features an airy formal living room anchored by a masonry wood-burning fireplace, flowing to a dedicated dining room and a generous family room highlighted by exposed wood ceiling beams. The kitchen offers ample storage, laundry convenience, and a breakfast nook area. Recent high-end updates provide lasting comfort, a tankless water heater, custom window treatments, ceiling fans, and an extensively remodeled bath showcasing designer tile and rich fixtures. California indoor-outdoor living is effortless through striking French doors that open to a covered patio loggia, expansive hardscape, and private lush green lawn framed by fresh paint, mature privacy landscaping, and secure upgraded gates. The detached two-car garage with deep driveway offers prime parking and storage, while presenting exceptional future ADU potential. Just 1.5 miles from the Orange Circle (The Plaza) and Chapman University, this location provides Old Towne adjacent walkability and charm without historic preservation restrictions. Situated in the Orange Unified School District (Cambridge Elementary, Yorba Middle, Orange High) with fast access to regional medical centers and freeways, this is an authentic, turnkey home in a premier neighborhood.

1426 E Sycamore, Orange

$1,085,000

4 Beds ⋅ 2 Baths ⋅ OC26220349 MLS ⋅ Active Status

Excellent opportunity to own an income-producing property in the desirable City of Orange! Currently leased for $6,220 per month, the property generates $74,640 in annual gross rental income, with the existing lease running through May 31, 2027. The tenant pays all utilities, while the owner covers landscaping service, helping keep operating expenses low. Investors can benefit from immediate rental income with an established tenant in place, while future homeowners have the opportunity to collect rent now and potentially move in after the lease expires, subject to applicable tenancy requirements. The existing lease also allows the owner to construct an Accessory Dwelling Unit (ADU) within the garage during the lease term, subject to city permits and approvals, offering the potential for additional rental income or future personal use. Conveniently located near Chapman University, Old Towne Orange, shopping, dining, and major freeways, this property offers strong rental appeal and long-term flexibility for investors and future homeowners alike.

1305 W Cherry, Orange

$1,095,000

2 Beds ⋅ 1 Baths ⋅ PW26216608 MLS ⋅ Active Status

Welcome to this Beautiful home located in Old Towne Orange located in a prime location on Washington St. This two bedroom one bath home features original Hardwood floors. Updated kitchen features stainless steel appliances as well as unique features for the milkman delivery and mailbox. Bright glass windows and glass cabinetry adorn this modern kitchen. Open layout with wide living room and eating area. One of the most original hand carved wood mosaics on the hall wall. Ceiling Fans in bedrooms. Two car garage with laundry inside. A Bonus room off of the garage fully carpeted with ceiling fans. Large backyard with covered Patio on a slab in this quite serene retreat. This is a must see home in a great area.

743 E Washington, Orange

$1,875,000

PW26212529 MLS ⋅ Active Status

Just listed near the heart of Old Towne Orange, 420 N. Batavia Street is a turnkey Chapman University student housing investment with two spacious, detached homes on one lot. It's a great fit for either a cash-flowing investment or an owner user. The front house was taken down to the studs and rebuilt with a new construction expansion into a 4 bedroom, 3 bath open floor plan layout purpose-built for student living. The rear house is a brand-new 2023 construction 4 bedroom, 4 bath home built from the ground up. Together the property offers 8 bedrooms and 7 baths across 2,445 SF on a 6,401 SF lot. Both homes feature luxury vinyl plank floors, new high-end finishes and appliances, private bed/baths, ensuite laundry, air conditioning, and private patios. Tenants share a large backyard with a lounge area and spa. The property has been 100% pre-leased since 2023 with steady rent growth year over year. It is fully leased at $10,955/mo, and every lease carries a parental guarantee, giving you secure income and reduced credit risk. At $1,875,000, 420 N. Batavia is offered at a 5.02% cap rate, a 14.26 GRM, and $234,375 per bedroom. That is the lowest GRM and lowest price per bedroom of any comparable Chapman-area sale in the past two years. It is about 17% below the median price per bedroom and $165,000+ below every other 8-bedroom sale. Current rents average just $1,369 per bedroom, about 10% below comparable Chapman properties, taking the cap rate to 5.59% at market rents. Students win too: a full 12-month lease at 420 costs less than a 9-month single bedroom at Chapman's own Chapman Grand apartments. Owners can add further value by converting the garage or building a second detached ADU under California's new AB 956, and excellent loan terms are available. With nearly 10,000 students and consistently strong enrollment within walking distance, this professionally managed asset offers year-round demand, low vacancy risk, a unique hedge against California rent control, and long-term appreciation in one of Orange County's most desirable rental submarkets.

420 N Batavia, Orange

$1,450,000

5 Beds ⋅ 4 Baths ⋅ OC26206011 MLS ⋅ Active Status

Welcome to a beautifully renovated and incredibly versatile home in the heart of Orange. The renovation was completed at the end of 2022 & includes new PEX piping throughout, new HVAC system, new electrical & new vinyl double pane windows. This one-of-a-kind property offers the flexibility today’s buyers are looking for — live in one space and rent the other, accommodate extended family, or enjoy it as a high-income investment. Thoughtfully updated throughout, the home features modern kitchens, upgraded bathrooms, and stylish finishes that make it completely move-in ready. Designed with functionality in mind, the property provides two distinct living areas that offer both comfort and privacy. Primary residence consists of 3bed/3bath & secondary residence consists of a 2bed/1bath with separate entrance. The single-story home features an expanded floor plan with an approximately 724 sqft. constructed in the 1980s. Whether you're looking to offset your mortgage with rental income or create a multi-generational living setup, the possibilities here are endless. Situated on a spacious lot with ample parking, and conveniently located near shopping, dining, and major freeways, this home combines lifestyle and financial opportunity in one rare package. Opportunities like this don’t come often — a turnkey home with built-in income potential in a prime Orange location 1 mile from Chapman University/Providence St. Joseph's Hospital/Angels Stadium. Buyer to independently verify square footage, permits, zoning, and intended use.

1104 W Palm Avenue, Orange

$850,000

2 Beds ⋅ 1 Baths ⋅ PW26174245 MLS ⋅ Active Status

Probate Sale. Charming 2-bedroom, 1-bath single-family home in Orange featuring several significant improvements, including a new roof, dual-pane windows, updated covered patio roof, and replacement of the original cast-iron sewer lines from the kitchen and bathroom extending to the city sewer connection. The living room features sliding glass doors opening directly to the covered patio, providing an inviting connection between the indoor and outdoor spaces. Both bedrooms are equipped with mini-split air conditioning systems for individual climate control. The kitchen includes the refrigerator and oven/range. The washer and dryer are located in the attached garage and are also included in the sale. A private, low-maintenance backyard provides additional outdoor space for relaxing, gardening, or entertaining. Conveniently located within walking distance of the Orange Metrolink/Amtrak Station and near Historic Old Towne Orange, Chapman University, shopping, dining, parks, and major transportation routes. Probate sale. Property is being sold in its present "AS IS" condition.

308 N Parker Street, Orange

$1,099,000

2 Beds ⋅ 1 Baths ⋅ OC26202156 MLS ⋅ Active Under Contract Status

Step into the timeless charm of Old Town Orange with this delightful single-level residence, ideally situated in the northeast quadrant of the Old Town Orange Historic District. A spacious front porch sets the tone for the character found throughout, where original-style details blend beautifully with inviting everyday spaces. Inside, warm wood floors, elegant crown molding, and large light-catching windows showcase the home’s classic appeal and create a bright, welcoming atmosphere. The kitchen features crisp white cabinetry and a subway tile backsplash, while two spacious bedrooms and a full bathroom with a charming clawfoot tub add to the home’s vintage-inspired character. Outdoors, the generous backyard offers a picturesque setting with a mature orange tree, paver patio, and bistro lights, creating an inviting space for relaxing or entertaining. A long driveway leads to a detached two-car garage, providing convenient parking and additional storage. Surrounded by the distinctive architecture and historic character of Old Town Orange, the property is also conveniently located near local dining and shopping, Chapman University, and major freeways. A charming opportunity to own a piece of Orange’s treasured historic setting.

131 N Waverly Street, Orange

$1,625,000

3 Beds ⋅ 2 Baths ⋅ PW26203161 MLS ⋅ Active Under Contract Status

173 South Cypress Street — Old Towne Orange's Craftsman Trifecta!! Location. Quality. Tax savings. This turnkey historic 1916 Craftsman delivers all three — and it's ready for its next discerning owner. Just steps from the Orange Circle, this classic home sits in the heart of Old Towne, a short walk to the Plaza and the multitude of restaurants, shops, and events that make this neighborhood one of Orange County's most beloved. And thanks to its historic Mills Act status, ownership comes with substantial annual property tax savings, year after year. A Craftsman, reimagined with its full-width front porch, distinctive pillars, and classic gable roofline, announces this home's pedigree before you even step inside. Beyond the door, this home has been touched from top to bottom, blending true Craftsman character with the ease of modern living. The open living and dining area flows seamlessly into the kitchen — ideal for the way people actually live today. Gleaming hardwood floors run throughout, while stainless steel appliances and a spacious dining area (perfect for a table or breakfast nook) anchor the kitchen. Three bedrooms, thoughtfully finished, and two fully updated, luxurious bathrooms round out the interior, with each bedroom featuring ceiling fans and custom lighting. Gorgeous hardwood floors, crown molding and Craftsman-style woodworking add character throughout. The third bedroom offers flexible use as a nursery, home office, or guest space, and an inside laundry room adds everyday convenience. Last but not least, the amazing property offers outdoor living at its best! Step out back to a covered rear porch with ceiling fans and custom lighting — made for warm California summer nights. Beyond that, a covered pergola with a full outdoor kitchen and stainless steel appliances sets the stage for unforgettable summer barbecues and gatherings. The oversized new cement driveway offers potential for an ADU and RV parking. Timeless Craftsman charm, thoughtful updates, and a location that puts everything within reach, with property tax savings beyond compare. (Annual property taxes are only $3300 per year!) As a bonus, this property is zoned for either residential or commercial, so your opportunities are endless. Pack your bags and start living the Old Towne lifestyle today!

173 S Cypress, Orange

$1,700,000

OC26195481 MLS ⋅ Active Status

Rare opportunity to acquire a versatile residential income property in a highly desirable Orange location, featuring a spacious 4-bedroom, 2-bathroom main residence plus a detached 1-bedroom, 1-bathroom ADU with its own full kitchen and private laundry. Offering a total of 5 bedrooms and 3 bathrooms across two separate living spaces, the property provides an attractive opportunity for investors seeking multiple rental income streams, an owner-user looking to offset housing costs, or buyers looking to capitalize on the strong rental demand in the area. The main residence has been extensively updated and offers a highly functional 4-bedroom floor plan well suited for long-term rental use. Improvements include an upgraded kitchen with granite countertops, an oversized sink, and abundant cabinet and storage space. Both bathrooms have been renovated with new vanities, tile, and fixtures, while recessed LED lighting has been installed throughout the home. Hardwood flooring extends through all four bedrooms, and the residence includes an LG washer and dryer, GE refrigerator, GE range, and GE dishwasher. The detached ADU provides an additional independent rental opportunity with its own full kitchen, private laundry, and fully paid-off solar system dedicated exclusively to the ADU. With no solar lease or payment to assume, the system offers the potential for reduced operating costs and added value for the ADU occupant. Additional property features include two fireplaces, a spacious backyard with covered gazebo, detached two-car garage, and an oversized driveway providing substantial off-street parking—an important benefit for a multi-unit rental property. Ideally situated just minutes from Chapman University and Old Towne Orange, the property benefits from proximity to a strong tenant base as well as nearby dining, shopping, entertainment, parks, schools, and everyday amenities. Convenient access to the 5, 22, 55, and 57 freeways further enhances the property's rental appeal and accessibility throughout Orange County. With two separate living spaces, extensive upgrades, abundant parking, a detached ADU with paid-off solar, and a location positioned near Chapman University and Old Towne Orange, this property presents a compelling opportunity for investors seeking flexibility, income potential, and long-term value in one of Orange's most desirable rental markets.

831 E Hoover, Orange

$1,700,000

5 Beds ⋅ 3 Baths ⋅ OC26194316 MLS ⋅ Active Status

Rare opportunity to own a beautifully maintained and thoughtfully upgraded property ideal for a family, multigenerational living, or an investor looking to take advantage of the strong Chapman University rental market. The property features a spacious 4-bedroom, 2-bathroom main residence plus a detached 1-bedroom, 1-bathroom ADU with its own full kitchen and private laundry, offering a total of 5 bedrooms and 3 bathrooms with exceptional flexibility. The main residence has been extensively updated and features an upgraded kitchen with granite countertops, an oversized sink, and abundant cabinet and storage space. Both bathrooms have been beautifully renovated with new vanities, tile, and fixtures. Recessed LED lighting has been installed throughout, while hardwood flooring extends through all four bedrooms. The home also includes an LG washer and dryer, GE refrigerator, GE range, and GE dishwasher. Designed for comfortable living and entertaining, the property features two fireplaces and a spacious backyard with a covered gazebo. A detached two-car garage and oversized driveway provide ample off-street parking. The detached ADU offers a completely separate living space with its own full kitchen, private laundry, and fully paid-off solar system dedicated to the ADU, with no solar lease or payment to assume. It is ideal for extended family, guests, a private office, or additional rental income. For an owner-occupant, the property provides the opportunity to enjoy a spacious primary residence while potentially offsetting housing costs with income from the ADU. For an investor, the combination of five total bedrooms, separate living spaces, abundant parking, proximity to Chapman University, and a strong local rental market creates an attractive income-producing opportunity, with estimated pro forma rents of approximately $8,500 per month. Ideally located just minutes from the charm, dining, shopping, and entertainment of Old Towne Orange and Chapman University, the property also offers convenient access to the 5, 22, 55, and 57 freeways. Nearby parks, schools, and everyday amenities add to the appeal. With extensive upgrades, generous living space, abundant parking, a detached ADU, fully paid-off solar serving the ADU, and strong rental potential, this property offers a rare combination of flexibility, convenience, and long-term value.

831 E Hoover, Orange

$1,298,000

4 Beds ⋅ 3 Baths ⋅ OC26189693 MLS ⋅ Active Status

Welcome to this beautifully renovated single-story home, ideally situated on one of the largest lots in the neighborhood! From the moment you arrive, you'll appreciate the expansive driveway, providing abundant parking for vehicles, RVs, boats, and recreational toys, along with a detached garage and charming front porch that creates exceptional curb appeal. This 4 bedroom, 3 bathroom home has been fully remodeled from top to bottom, featuring a spacious open-concept floor plan designed for modern living and entertaining. The oversized family room flows seamlessly into the remodeled kitchen, which opens to the dining area, creating the perfect gathering space for family and friends. Recent renovations throughout the main home include luxury laminate flooring, brand-new cabinetry in the kitchen and bathrooms, elegant quartz countertops, stainless steel appliances, and soft-close drawers and cabinets. A dedicated indoor laundry area adds everyday convenience. Step outside to your own private backyard oasis, anchored by a sparkling pool — ideal for entertaining, family gatherings, and relaxed California living. Centrally located in Orange County, this home is just minutes from Old Town Orange, the Orange Circle, and Chapman University, while being approximately 30 minutes from the beach. Combining a large lot, a fully remodeled main home, a private pool, and an unbeatable location, this exceptional property is truly a must-see.

436 Hoover, Orange

$1,395,000

5 Beds ⋅ 3 Baths ⋅ 26897423 MLS ⋅ Active Status

Experience the quintessential Old Towne Orange lifestyle with this fully leased two-on-a-lot income property, just one mile from Chapman University! The main residence (4BR/2BA, 1,522 sq.ft.) showcases authentic mid-century character with vaulted beamed ceilings, hardwood and tile flooring, dual-pane windows, and an open floor plan anchored by a cozy fireplace. Both bathrooms have been tastefully updated, and the kitchen offers oak cabinetry, granite countertops, a built-in wine rack, gas range and dishwasher. Every bedroom features generous closet space. The second residence (1BR/1BA, 405 sq.ft.), a permitted garage conversion completed in 2026, is brand new construction throughout and remains under contractor warranty, leased at $2,200 per month. The roof was fully replaced in 2025 under permit. Both units are leased through August 2027 with tenants covering utilities, producing $6,950 per month in place. Outside you'll find a covered patio, mature front landscaping, a front walkway, and a long driveway with off-street parking. The large, level rear yard is a blank canvas: add turf, landscaping and a dividing fence to give each unit its own private outdoor space. The main house is currently leased to students but drew strong interest from non-student renters as well, giving a new owner options at lease-end: renew, refresh the main house and reposition it for families or professionals, or owner-occupy while the ADU helps carry the mortgage. The seller is flexible and owns other properties in the area. If you need a unit delivered vacant, reach out and let's discuss. Just a short stroll to Chapman, the Orange Circle, and the dining, coffee and boutique shopping of Old Towne, plus Metrolink, St. Joseph Hospital, UCI Health and quick 55/22 freeway access. At $1,475,000, in-place rents equate to approximately a 17.69X GRM and a 4.41% CAP Rate. Notably, the main residence was leased at $6,100 per month as recently as July 2026. At that level the property collects $8,300 monthly, or approximately a 14.81X GRM and an estimated 5.51% CAP Rate.

526 N Emerald Drive, Orange

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.