181 189 N Waverly Street, Orange, CA 92866

About this commercial property

Trophy 5 unit apartment community in the heart of Olde Town Orange. Completely re-constructed down the studs with City of Orange plans in 2021-22 (all new systems including electric, plumbing, sewer, insulation, roof, interiors with fantastic finishes). This 5 unit apartment in situated in a SFR neighborhood and will never be entitled again. The apartment community is walking distance to Chapman and Olde Town Orange. Built for the long term and cash flow. Low maintenance property. The front craftsman house has 3 bedrooms and 2 full bathrooms. Attached to the front house are two 1 bedroom/1 bathroom apartments. In a separate building in the back, there are two 1 bedroom, 1 bathroom apartments. There also exists a detached 2 car garage that includes seller owned laundry (coinless). This is a super unique property as the property itself wraps around the corner neighbor's home giving access to Maple and a community area that includes a hot tub, dining table, chaise lounge chairs. The community area is screened and lit with overhead lights making it an awesome tenant amenity. Mills Act possible for property tax savings and greater cash flow.

Listing description from the July 2026 sale, as reported to CRMLS.

Sale history

$2,990,000

Sold July 2026 · listed $3,200,000, on market May 2026 · MLS #NDP2605873 · Source: CRMLS

Listing Agent: Scott DeGoler · Listing Office: PacBLU · Contact: sdegoler@pacblu.net · Bought with: Holden Milner · Lionheart Pride

Explore Orange