Charming single-story home built in 1948 located on the picturesque Grand Avenue, just moments from Chapman University. This well-maintained property has served as a successful rental for years and is currently configured as a 4-bedroom, 2-bathroom residence, with original character features found in the kitchen built-ins and bathrooms. The flexible floor plan offers versatility, with the 4th bedroom originally designed as a formal living room, which could be converted back by a future owner. Situated on a generously sized 6,642 square foot lot, the property presents exciting future potential, including possible expansion or development opportunities. A detached 2-car garage adds additional value with strong ADU potential, making this an attractive option for investors or those looking to maximize income. Just a mile and a half from the restaurants, galleries, and vintage charm of the Orange Circle-with easy access to parks, schools, shopping, Angel Stadium, Honda Center, Disneyland, and more-this is a rare opportunity to own in one of Orange County's most cherished communities. Property is tenant-occupied and leased through May 2027. Buyer to assume existing lease.