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    The Largest CRE Database in the US with Over 1 Million Listings

    719 S Walnut Ave Brea, CA 92821

    Sponsored
    For Sale
    Pending
    $998,000

    Single Family Residence, Traditional - Brea, CA

    Type:Single Family Residence
    Property size:
    1,357 SF
    Lot size:
    7,000.00 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 11 at 9:06 am

    Property Features for 719 S Walnut Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Exercise Room, Kitchen, Laundry, Living Room, Utility Room
    Bedrooms
    3
    Bathrooms
    2
    APN
    28415207
    Parking features
    Driveway
    Interior features
    Attic Fan, Copper Plumbing Full, Recessed Lighting, Storage, None, Carbon Monoxide Detector(s)
    Exterior features
    Fence, Community Features Included: Sidewalks, Street Lights, Front Yard, Lot 6500-9999
    Fencing
    Fenced
    Appliances
    Garbage Disposer, Range, Range - Gas
    Size
    1,357 SF
    Lot size
    7,000.00 Acres

    Utilities

    Heating system
    Floor Furnace
    Cooling system
    Multi Units, Wall/Window Unit(s), Whole House Fan, Window Unit(s)

    Building Details

    Year built
    1952
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Laminate, Wood
    Roof type
    Composition
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Regina Rey
    Regina Rey

    TNG Real Estate Consultants (714) 203-8555

    Listing agent Regina Rey (714) 987-3310 License #01254111

    Listing date Feb 10, 2026

    MLS# PW26029406 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Brea Residence with Development Potential

    Located in Brea, this single-family residence presents a unique opportunity. The property features 3 bedrooms and 2 bathrooms within its 1,357 square feet of living space, situated on a 7,000 square foot lot. The home includes refinished hardwood flooring and newly installed laminate wood flooring. The updated kitchen is equipped with butcher block countertops and stainless steel appliances. Additional features include an inside laundry room, a separate mud room, newer plumbing and plumbing fixtures, updated electrical, attic and whole house fan, and LED lighting. An EV charger is also installed. The detached garage is currently utilized as a bonus room or casita, offering flexible space. Zoned R-3, the property has the potential to build up to two additional units, with easy alley access. The buyer should verify this with the City of Brea. The property is located near Brea Creek Golf Course, Downtown Brea, and Downtown Fullerton, with convenient access to the 57 Freeway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brea
    County
    Orange
    State
    California
    Longitude
    -117.9058071
    Latitude
    33.9096559

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    FAQs

    What type of property is this?
    Single family property - Single-family home on a large lot with R-3 zoning.
    Where is this single family property located?
    The property is located at 719 S Walnut Ave Brea, CA.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: - Zoned R-3 with potential to build up to two additional units (buyer to verify); - Prime location near Brea Creek Golf Course, Downtown Brea, Downtown Fullerton, and the 57 Freeway; - **Updated kitchen with butcher block countertops and stainless steel appliances**
    (714) 931-1159
    Request Owner's contact information
    719 S Walnut Ave Brea, CA 92821
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    Brea, CA 92821
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    719 S Walnut Ave Brea, CA 92821
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    We can help!
    Listing Contact
    Regina Rey
    Regina Rey
    Real Estate License ID: 01254111
    (714) 931-1159
    Learn more
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