CA > Orange
Orange, CA 92867,875 N Olive ST
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Orange, CA 92867,875 N Olive ST
Orange, CA 92867,875 N Olive ST
Orange, CA 92867,875 N Olive ST
Orange, CA 92867,875 N Olive ST
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Peter Owens

Peter Owens

+1(323) 742-7833
$ 2,950,000
Est. payment /mo
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875 N Olive ST Orange, CA 92867

0.44 Acres Lot

UPDATED:

02/21/2025 08:31 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25036781

HOA Y/N No

Year Built 1993

Annual Tax Amount $18,669

Lot Size 0.442 Acres

Property Sub-Type Mixed Use

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.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet

Fireplaces Type Bath, Dining Room, Kitchen, Living Room

Fireplace Yes

Appliance Electric Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Garage, One Space

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected

View Y/N Yes

View Courtyard

Accessibility Parking

Total Parking Spaces 20

Private Pool No

Building

Lot Description Sprinklers In Front

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 38643419

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 4073.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by John Muirhead • Seven Gables Real Estate • 714-501-3783
agent

Peter Owens

Agent | License ID: 01992247

+1(323) 742-7833

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875 N Olive ST