875 N Olive

Orange, CA 92867
Property listed by R L M Equities, Randall Mycorn 949-573-5309
$5,325,000
875 N. Olive St. represents a rare, pride-of-ownership turnkey asset delivering an exceptionally high cap rate in the coveted Orange market. The property features ten original 1993-built, dual-master 2-bed/2-bath units with AC, all tastefully renovated and leased in 2025. Maximizing the asset's footprint, five single-car garages were fully permitted andRead MoreRead Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
MixedUse
Lot Size
0.44 Acres
Year Built
1993
MLS Number
NP26109126
Property Location Map
Additional Details
Building
Built in 1993, 2 buildings, 2 stories, Entry level: 1, Entry location: 1
Community
Suburban
Expenses
Electric: $2,000, Fuel: $3,412, Gardener: $2,400, Insurance: $8,295, Maintenance: $11,648, Operating: $101,463, Trash: $6,216, Water/Sewer: $6,271, Other Expense: $2,269
Garage
5 spaces
Income
Gross Income: $21,431, Gross ScheduledIncome: $410,051, Net Operating Income: $307,433
Laundry
None
Lot
0.442 acres, SixToTenUnitsAcre
Parking
12 open parking spaces, 17 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 38643419, Tax Block: G, Lot: 1
Utilities
Water Source: Public, 13 separate electric meters, 11 separate gas meters
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Melanie Kermode
REALTOR® | DRE 01188137
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.