2
Bedrooms
Sold for $700,000 · Sep 2021
SOLDListed at $699,900
Brea, CA
MLS# PW21176717
Gail Anderson
Listing Agent
Inet Realty
DRE #: 01255505
Brokerage: Inet Realty
2
Bedrooms
1
Bathrooms
840 sqft
Square Feet
1924
Year Built
6,125 sqft
Lot Size
$833
Price/Sq Ft
1
Garage Spaces
N/A
HOA
Single Family Home
Property Type
GREAT INVESTMENT OPPORTUNITY IN DOWNTOWN BREA! Welcome to this Brea Historical Landmark! This charming 1926 Craftsman Bungalow is located on a lovely tree lined street in a highly sought after area of downtown Brea. AND, this property is perfectly situated and already confirmed by City Planning Department for the addition of an ADU! The house has been fully restored to pristine condition, with newly refinished original hardwood flooring and new custom paint inside and outside. The living room is graced with a unique and beautifully ornate fireplace and mantle. The quaint kitchen features a functional granite counter, deep single sink, and custom made hutch and convenient island on wheels to add extra working space, as well as a cozy breakfast nook with built in bench seating and table. inside laundry is just around the corner and has a door that opens to the back yard. A welcoming back patio with lattice cover and roll down custom shades is perfect for summer gatherings and barbeques. A beautiful fig tree in the huge back yard ads charm, shade, and delicious fruit. This wonderful Craftsman home sits on a very large lot with FULL BACK ALLEY ACCESS, just waiting for the savvy buyer to build a second structure for extended family or rental income for life. The alley behind the property dead-ends at the south end of this property, so there will never be traffic driving by in the alley. See photos. Also, the property immediately to the north is the Saint Angela Merici Catholic Church, so you'll always have respectful neighbors! This property has the absolute BEST combination of features...wonderful historic home, located in thriving downtown Brea, and ADU potential which has already been approved by the city. Original garage can either be demolished for the addition of the ADU, or restored and incorporated into the plans. See supplements to view Brea City Planners sketches of different ADU possibilities. Located in award winning Brea-Olinda Unified School District, one of the highest rated school districts in Orange County. The district includes Arovista Elementary School that has dual language immersion program, Brea Junior High School, and Brea Olinda High School. es.
Listing description from the September 2021 sale, as reported to CRMLS.
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2 recorded sales
553 S Walnut Avenue sold for $700,000 in September 2021, 0.0% over its $699,900 list price, after 14 days on the market. That works out to $833 per square foot on 840 square feet. Across 194 closed sales in 92821 over the last 12 months, the median sold price is $1,121,000 and the median is $577 per square foot, 31% below this sale's $833. 2-bedroom rentals in 92821 currently list at a median of $3,100 a month (3 listings).
| Quarter | Closed sales in 92821 | Median sold price |
|---|---|---|
| Q1 2026 | 8 | $894,500 |
| Q2 2026 | 76 | $1,133,750 |
| Q3 2026 | 88 | $1,121,000 |
| Q4 2026 | 22 | $1,139,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Brea · Homes for sale in 92821
Closed sales reported in 92821, nearest first, last 12 months. All recent sales in Brea →
553 S Walnut Avenue
Contact Gail Anderson
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Contact Listing Agent
Inet Realty
DRE #01255505
Contact information is not available for this listing.