A rare find in Old Towne Orange, this oversized corner lot features two separate residences with strong rental income potential. Perfect for investors, multi-generational living, or offsetting your mortgage by renting one unit. The primary residence offers 3 bedrooms (2 master suites total), 3 bathrooms, and a den/nursery adjoining the Master. Highlights - bright living room w/ fireplace, updated kitchen and baths, hardwood floors, recessed lighting, dual-pane windows, new central HVAC, and master suite with walk-in shower. The Guest Unit (~350 sq. ft.) includes its own kitchen, bathroom, HVAC, private patio with natural tree shade - Ideal for guests or rental income. The lot provides abundant outdoor space with a mature avocado tree, resort-style yard, and potential for ~1,000 sq. ft. ADU (buyer to verify). With no HOA or Mello-Roos, located near Chapman University, top schools, shopping, dining, and freeways—this versatile property is truly a rare opportunity.