$1,795,000

1908 E Coral Ave Orange, CA 92865

Estimated payment $11,227/month

Total Views 12,595
7 Beds
5 Baths
4,231 Sq Ft
$424 Price per Sq Ft

Highlights

  • Laundry Room
  • Forced Air Heating System
  • Dog Park
  • Villa Park High School Rated A
  • Bike Trail
  • Rectangular Lot

About This Home

An exceptional opportunity to acquire a well-maintained four-unit multifamily property, ideally located in the vibrant city of Orange. Built in 1965, this income-producing asset features a desirable mix of spacious 2 and 3 bedroom units, each averaging over 1,100 square feet — offering tenants comfortable, home-like living in a highly sought-after rental market. Perfectly situated near popular retail centers, restaurants, schools, and churches, the property enjoys strong local demand and tenant appeal. Commuters will appreciate the convenient access to the 55, 5, and 91 Freeways, making travel throughout Orange County and beyond a breeze. This is an ideal opportunity for investors seeking steady cash flow, future upsidepotential, and pride of ownership in a prime location. With a highly motivated seller, this property won't last long — don’t miss your chance to add a solid performer to your portfolio!

Listing Agent

Rick Applebaum

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 12/05/2025

Co-Listing Agent

Paul Espinosa

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1973

Lot Details

  • 9,119 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 4 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,231 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Additional Features

  • Rain Gutters
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 8403
  • Assessor Parcel Number 37231230
  • $1,074 per year additional tax assessments

Community Details

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,472
  • Fuel Expense $1,472
  • Gardener Expense $1,800
  • Insurance Expense $4,231
  • Maintenance Expense $3,884
  • Trash Expense $1,471
  • Water Sewer Expense $1,471
  • New Taxes Expense $20,089
  • Operating Expense $35,889
  • Gross Income $116,280
  • Net Operating Income $76,902

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1973

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.28
  • Property Attached: No
  • Water Sewer Expenses: 1471.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 37231230
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 424.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1471.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 9119.00
  • Lot Size Acres: 0.2093

Multi Family

  • Electric Expense: 1472.00
  • Fuel Expense: 1472.00
  • Gross Income: 116280.00
  • Gross Multiplier: 15.44
  • Gross Operating Income: 112791.00
  • Gross Scheduled Income: 116280.00
  • Insurance Expense: 4231.00
  • Laundry Income: 1200.00
  • Lot Size Area: 9119.0000 Square Feet
  • Maintenance Expense: 3884.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 76902.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 35889.00
  • Operating Expense Percent: 30.90
  • Rent Control: Yes
  • Total Expenses: 35889.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20089.00
  • Tax Lot: 7
  • Tax Tract Number: 8403
  • TaxOtherAnnualAssessmentAmount: 1074.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2025 12/05/25 For Sale $1,795,000 -- $424 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25271471

California Regional Multiple Listing Service (CRMLS)

APN: 372-312-30