Major Price Improvement! Exceptional investor opportunity in a prime Orange location now aggressively priced at $699,000. Two Units on One Lot! Rare chance to acquire a high-upside income property with significant value-add potential in one of Orange County's most desirable rental markets. Zoned R2-6 with potential to add two ADUs (buyer to verify), this property features two separate units being sold together, each with its own address (4223 & 4211 E. Marmon Avenue) and individually metered utilities, offering strong investment and redevelopment flexibility. The main residence at 4223 E. Marmon Avenue offers 2 bedrooms, 1 bathroom, and approximately 980 square feet of living space. The second unit (1 bed / 1 bath) provides additional income potential, guest accommodations, or multi-generational living flexibility. Situated on a 6,470 square foot lot, the property offers multiple paths to create value through renovation, expansion, or future development opportunities.Located just minutes from Old Towne Orange, Chapman University, the Orange Circle, St. Joseph Hospital, CHOC, major freeways (55, 22, and 91), and local shopping and dining, this property benefits from strong rental demand and long-term appreciation fundamentals. The area is known for its historic charm, walkability, and consistent tenant demand driven by university, medical, and employment centers.Vacant and ready for immediate possession. Opportunities with this level of upside at this price point are becoming increasingly difficult to find in Orange. Priced to generate immediate interest serious investors, builders, and value-add buyers are encouraged to act quickly.Sold as-is. Cash or hard money preferred. Quick close ideal. Buyer to conduct all relevant investigations.