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$999,000 Just Listed
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Property Description
(Asking price is for the house only. Construction will be done with seperate agreement)
Exceptional opportunity to acquire a nearly shovel ready multi unit compound in the heart of Brea with plans already submitted to the city. This property is being offered with a unique build to suit structure, where the seller is also the builder, allowing buyers to collaborate on construction and customize finishes while avoiding the complexities of managing their own build.
The proposed project includes four total units consisting of a main residence, a Junior ADU, a detached ADU, and an SB9 unit. The front home is designed to be converted into a two story structure, significantly increasing total living area and maximizing the full potential of the lot. Once completed, the property will function as a true compound with flexible living options and strong long term value.
Sale of the property is contingent upon construction of the project by the seller, providing buyers a streamlined path to ownership with a trusted build process already in place. This setup is ideal for owner users seeking multi generational living, investors looking for multiple income streams, or buyers wanting to secure a rare Orange County compound without starting from scratch.
Prime Brea location close to top rated schools, shopping, dining, and convenient freeway access. Opportunities with submitted plans, multiple units, and a builder led execution are extremely rare.
Full Property Details
Full Property Details for 138 Locust
General
- Price: $999,000
- Status: Active
- Type: Single Family
- Source: MRMLS
- MLS ID: RS26018550
- Updated: 2/1/2026
- Days on Market: 5 days
- Added to Site: 6 day(s) ago
Interior
- Rooms/Areas: Kitchen, Laundry, Main Floor Bedroom
- Fireplace(s): None
- Appliances: Convection Oven, Dishwasher, Freezer, Gas & Electric Range
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Dryer Included, Washer Included
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Orange
- Driving Directions: See Maps
School Information
- School District: Brea-Olinda Unified
- High School: BREOLI
Community
- Community Features: Biking, Curbs, Park
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Entry Location: Front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,211
- Sq. Ft. Source: Assessor
- Year Built: 1952
- Year Built Source: Appraiser
Lot Features
- Property View: None
- Lot Size (Acres): 0.1933
- Lot Size (Sq. Ft.): 8,418
- Lot Size Source: Assessor
- Lot Description: Level
Financial Considerations
- Price Per Sq. Ft.: $824.94
Disclosures and Reports
- Special Conditions: Standard
Listed by Investment Experts Inc, Jakob Reed
Get Pre-Approved Today
Schools
Schools serving 138 Locust
School District:Brea-Olinda Unified School District
| Name | Grades | Distance |
|---|---|---|
Arovista Elementary School 900 Eadington Drive, Brea, CA 92821 | K-6 | 0.5 mi |
Brea Junior High School 400 North Brea Boulevard, Brea, CA 92821 | 7-8 | 1.3 mi |
Brea-Olinda High School 789 Wildcat Way, Brea, CA 92821 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 138 Locust
Date
Details
Price
Change
Source
1/31/2026
Listed
$999,000
44.99%
MLS
7/24/2025
Sold
$689,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 138 Locust
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,096
5%
$61,107
2%
2024
$1,048
3%
$59,909
2%
2023
$1,017
2%
$58,735
2%
2022
$1,001
2%
$57,584
2%
2021
$984
1%
$56,455
1%
2020
$976
2%
$55,877
2%
2019
$959
1%
$54,782
2%
2018
$946
2%
$53,708
2%
2017
$929
2%
$52,655
2%
2016
$914
2%
$51,623
2%
2015
$900
3%
$50,848
2%
2014
$877
1%
$49,852
—
2013
$866
—
$49,627
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 138 Locust
138 Locust, Brea, CA 92821 (MLS# RS26018550) is a Single Family property with 3 bedrooms and 1 full bathroom. 138 Locust is currently listed for $999,000 and was received on January 31, 2026. Want to learn more about 138 Locust? Do you have questions about finding other Single Family real estate for sale in Brea? You can browse all Brea real estate or contact a Coldwell Banker agent to request more information.

