875 N Olive Street, Orange CA, 92867

Active

875 N Olive Street

Orange CA, 92867

$2,950,000

$310.53 per sqft

Active

9,500 sqft

Multi-family

Built in 1993

Listed by John Muirhead with Seven Gables Real Estate 714-501-3783

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.

OC25036781

MLSⓇ ID

February 20, 2025

Listed

February 22, 2025

Updated

Interior Features

Total Stories: 2
Appliances: Electric Range, Refrigerator
Laundry Description: Common Area
Floor Description: Carpet
Fireplace: Yes
Fireplace Description: Bath, Dining Room, Kitchen, Living Room
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Forced Air

Exterior/Building Features

Lot Size: 0.44 Acres
Lot Features: Sprinklers In Front
Sewer: Public Sewer
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Other Property Details

Area Name: 699 - Not Defined
Taxes: $18,669
Tax Frequency: Annually
Days on Market: 1
Accessibility: Parking
Garage: Yes
Garage Spaces: 10
Parking: Garage, One Space
Parking Total: 20
View: Yes
View Description: Courtyard
County: Orange
Water Source: Public
Pool: No
Pool Features: None
Utilities: Sewer Connected

Listing Contact: 714-500-3300

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/22/2025. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/22/2025 at 1:37 PM UTC