Experience the quintessential Old Towne Orange lifestyle with this rare two-on-a-lot gem, radiating authentic mid-century charm and incredible curb appeal!  The front home (3BR/2BA, 1,133 sq.ft., 2 car detached garage) shines with refinished original oak hardwood floors, a remodeled kitchen featuring newer cabinetry and quartz countertops with a full-height quartz backsplash. Additionally, the two tastefully updated bathrooms include designer fixtures, gorgeous tiled showers and dual sinks in the hallway bath. Modern comforts abound, including updated dual-pane windows, ceiling fans in all bedrooms, and elegant window coverings. Outside, enjoy a classic front porch, gated grassy front yard with garden beds, plus a rear deck perfect for entertaining. The second residence (3BR/1BA, 972 sq.ft.), recently constructed in 2021, offers a large open floor plan with resilient hard-surface flooring, a private side entrance and oversized patio. Both homes feature bright, open floor plans ideal for gatherings and are move-in ready with central A/C, recessed LED lighting, stainless steel appliances and individual laundry areas (all washers, dryers, and refrigerators included). With a location that earns an unbeatable Walk Score, just a short stroll to Chapman University, the Orange Circle, and the eclectic dining, coffee, and boutique shopping of Old Towne, this turn-key property is a high-demand rental or a perfect multi-generational setup, offering an unparalleled opportunity to live in one and rent the other or collect up to $9,000 in monthly rent. At the current list price of $1,699,900, this equates to approximately a 15.74X GRM and an estimated 4.78% CAP Rate.