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Auction
  • Listed by: Century Financial Group, Corp. • Karen Ngoc Lang Luu
    Est. $1,243,000

    309 Grace Ave, La Habra, CA 90631

    4beds
    2baths
    1,600sqft
    Duplex
    Built in 1961
    -- sqft lot
    $795,600 Zestimate®
    $777/sqft
    $-- HOA

    Overview

    Property is being offered via auction. Rare opportunity to acquire up to three adjacent duplexes (6 units total) in prime La Habra location—ideal for investors seeking scale, upside, and long-term appreciation This exceptional duplex, located at 309-311 Grace Ave, is a premier investment opportunity in the heart of La Habra. Situated within the established Tract 715 neighborhood, this property offers a rare blend of stable income, upside potential, and long-term investment value. The property features two well-proportioned 2-bedroom, 1-bathroom units, each offering comfortable living layouts, abundant natural light, and functional floor plans ideal for today’s rental demand. With separate living spaces and strong tenant appeal, this duplex is perfectly suited for both seasoned investors and owner-occupants seeking supplemental income. Currently generating below-market rents, this asset presents a compelling value-add opportunity with significant upside potential. Market trends in La Habra support higher rental rates for comparable units, allowing a new owner to strategically increase income over time and enhance overall returns. This offering is uniquely positioned alongside two additional duplexes located at 301–303 Grace Ave and 305–307 Grace Ave, creating a rare chance to acquire three adjacent duplexes (total of 6 units). Opportunities like this are exceptionally limited in this area and provide investors with the ability to achieve economies of scale with contiguous ownership; increase operational efficiency and long-term management ease; maximize rental upside across a larger asset base; create a strong, consolidated footprint in a high-demand rental pocket Positioned on a generous lot in a quiet residential setting, the property benefits from its proximity to shopping, dining, schools, and major transportation corridors, making it highly desirable for tenants and future appreciation alike. Whether you’re looking to expand your portfolio, execute a light value-add strategy, or secure a multi-property investment play, this duplex—combined with the neighboring opportunities—delivers flexibility, scalability, and long-term growth in one of North Orange County’s established rental markets.
    98 days
    |
    226
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Karen Ngoc Lang Luu DRE #01426053 442-386-2495,

    Century Financial Group, Corp.

    Source: CRMLS,MLS#: PW26082941MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Rooms
      • Room types: Bedroom
      Bedroom
      • Features: All Bedrooms Down
      Heating
      • Wall Furnace
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Laundry: In Kitchen
      Features
      • All Bedrooms Down
      • Flooring: Tile
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 1,600
      • Total interior livable area: 1,600 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Assigned
      • Carport spaces: 3
      • Uncovered spaces: 3
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Front
      • Pool features: None
      • Spa features: None
      • Has view: Yes
      • View description: None
      Lot
      • Size: 6,560 Square Feet
      • Features: Rectangular Lot
      Details
      • Parcel number: 01909218
      • Special conditions: Auction

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Condition
      • New construction: No
      • Year built: 1961

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Features: Sidewalks
      • Subdivision: None
      Location
      • Region: La Habra

      Financial & listing details

      • Price per square foot: $777/sqft
      • Tax assessed value: $660,013
      • Annual tax amount: $7,902
      • Date on market: 4/16/2026
      • Cumulative days on market: 98 days
      • Listing terms: Cash,Cash to New Loan,Conventional
      • Total actual rent: 3810
      • Tenant pays: All Utilities

        Estimated market value

        $795,600

        $756,000 - $835,000

        $2,674/mo

        Public tax history

        YearProperty taxesTax assessment
        2025$7,902 +4.4%$660,013 +2%
        2024$7,570 +2.3%$647,072 +2%
        2023$7,397 +1%$634,385 +2%
        2022$7,320 +1.6%$621,947 +2%
        2021$7,202 +1%$609,752 +1%
        2020$7,134 $603,500 +2%
        2019$7,134 +2.8%$591,667 +320.3%
        2018$6,937 +248.4%$140,787 +2%
        2017$1,991 $138,027 +2%
        2016$1,991 +2.2%$135,321 +1.5%
        2015$1,948 +5.6%$133,289 +2%
        2014$1,845 $130,679 +0.5%
        2013-- $130,089 +170.3%
        2012-- $48,134 +2%
        2011-- $47,191
        Find assessor info on the county website

        Climate risks

        Neighborhood: 90631

        Getting around

        63 / 100
        Somewhat Walkable
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
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