875 N Olive Street, Orange, CA 92867

About this property

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.

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$3,115,000

Sold March 2025 · listed $2,950,000, on market February 2025 · MLS #OC25036781 · Source: CRMLS

Listing Agent: John Muirhead · Listing Office: Seven Gables Real Estate · Contact: 714-501-3783 · Bought with: Heather Vuncanon · Seven Gables Real Estate

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