5 unit apartment RARE opportunity in historic Olde Town Orange community, surrounded by single family homes (El Sondra Apartment Homes). This historic property was built in 1922 as the original migrant farming housing. Completely gut renovated in 2022 with amazing finishes, new electrical, plumbing (including main line sewer), roof, min-split AC's, tankless water heater, kitchens and baths (taken down to the studs). Craftsman home in the front that was redesigned for sf and functional improvements including 3 bedrooms and 2 full baths. Attached to the main house are two 1 bedroom/1 bathroom apartments. The rear structure has two 1 bedroom/1 bathroom units. The 2 car garage is detached and has laundry owned inside. Besides the uniqueness of having a multifamily property in a SFR neighborhood, this property lines wrap around the corner house giving additional sf for a great common area in the rear including hot tub and landscape furniture (dining table, chaise lounge chairs) with green screening and overhead lights. This type of property will never happen again in this community. I bought it and re-developed for my daughter and 12 girlfriends while attending Chapman (walkable to campus and the Orange circle of restaurants and services). She/they graduated and we leased up the property to market rates. Construction plans available. Mills Act possible for buyer (property tax savings). Buyer to verify all.
The income description goes here to explain
List Price | $3,200,000 |
Property Type | Multi-Family |
Usable Sqft | Unknown |
Number of Stories | 2 stories |
Parking Spots | 2 spots |
Year Built | 1922 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 38606202 |
MLS # | NDP2501382 |
Property ID | 321266289 |
Lot Sqft | 7,504 |
Zoning | R-1-6 |
Total Units | 5 |
Days on Market | 44 |
Original List Price | $3,200,000 |
Applicances | Dishwasher,Disposal,Gas Range,Gas Water Heater,High Efficiency Water Heater,Microwave,Refrigerator,Tankless Water Heater% |
Date Updated | March 05, 2025 |
Date Created | February 12, 2025 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $14,130 | $0 |
Net Income (Yr) | $ 110,700 |
Cap Rate | 3.5% |
Scott DeGoler an agent of . Lic #01387487
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 05, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT