Orange: $129,000 Under the Original Price, Leased in 6 Days
· Case study
A view home listed at $1,799,000, bought for our client with cash at $1,670,000 plus a $33,000 credit, leased at $5,500 within days of closing and re-leased at $5,600 in 2026. A follow-up a year on.
A home in Orange, a 1986-built two-story house with four bedrooms, three bathrooms, 2,503 square feet, a three-car garage and city views on a 9,900-square-foot lot, listed by another brokerage at $1,799,000 in November 2024 and reduced to $1,699,000 on January 2, 2025, was bought by a client of Shirley Tang Team. The contract was signed on January 7, 2025, after 54 days on the market, and the purchase closed with cash on February 5, 2025 at $1,670,000, $129,000 below the original asking price, with a $33,000 seller credit. Two days after closing it was listed for lease at $5,500 a month and leased on February 16, 2025 after 6 days on the market; in March 2026 it was leased again at $5,600 a month after 14 days.
Buyer-side cases name the city only, not the street address, to protect our client's privacy.
A year is long enough to know whether an investment purchase was a good one. So here is the follow-up.
The purchase. The home came to market in November 2024 at $1,799,000 and was cut to $1,699,000 in the first days of January. Our client's offer went in five days after the reduction, at $1,670,000 in cash, and the seller also agreed to a $33,000 credit toward the buyer's costs. Closed in 29 days, on February 5, 2025. Against the original asking price, the client paid $129,000 less and received $33,000 back.
The first tenant. The home was on the rental market on February 7, two days after closing, at $5,500 a month, and leased on February 16 after 6 days. It was listed with the details a renter asks about first: the three-car garage, the RV parking, the spa, the view.
The second tenant. In March 2026 the first lease ended and the home was re-listed at $5,600 a month. Fourteen days later it was leased again, to a tenant screened the same way as the first: income, credit, history, references. The owner's part was to approve the application.
A year on, the home has spent a total of 20 days on the rental market across the two leases, and the rent has gone up by $100 a month. Nobody can promise that outcome, and we do not; what we can say is that each step was handled by the same people, in order, without the owner having to chase any of it.
If you are buying an investment home in Orange, Anaheim Hills or Yorba Linda and want the purchase, the lease and the management under one roof, text (626) 202-9573 (text preferred) or add us on WeChat. Management fees are reasonable and, we believe, more than worth it; ask us and we will explain them plainly.
This is the record of one real transaction and the leases that followed it. Every home and every market is different, and nothing here is a promise about any other property.