875 N Olive Street, Orange, CA 92867
- $3,115,000
- Sold Price
- $3,115,000
- List Price
- $2,950,000
- Closing Date
- Mar 26, 2025
- Status
- CLOSED
- MLS#
- OC25036781
- Year Built
- 1993
- Lot Size
- 19,254
- Acres
- 0.44
- Lot Location
- Sprinklers In Front
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
This complex has ten (10) 2-bd, 2-ba units all occupied by same tenants for 10+ years. 5 units on each side of complex with common area yard in between the buildings. 3 units upstairs on each side and 2 units downstairs on each side. Downstairs units have private patios and upstairs units have balconies. Some units have minor updates but most are in good condition. Each unit has a 1-car garage and 1 assigned parking spot in parking lot. Two washers and two dryers in common area laundry room are leased and maintained by National Service Company. Current owner pays for gardener, pest control, water and trash services. It is believed the construction is 1993 but buyer should verify year built. With improvements, rents can be increased to market rates which are substantially higher than the current rents, huge upside on this property.
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Additional Information
- Taxes
- $18,669
- Appliances
- Electric Range, Refrigerator
- Pool Description
- None
- Fireplace Description
- Bath, Dining Room, Kitchen, Living Room
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Courtyard
- Garage Spaces Total
- 10
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $205,747
- Operating Expense
- 88696
Listing courtesy of Listing Agent: John Muirhead (john@westpointproperty.com) from Listing Office: Seven Gables Real Estate.
Listing sold by Heather Vuncanon from Seven Gables Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.