$1,695,000
$105K PRICE DROP

1918 E Del Mar Ave Orange, CA 92865

Estimated payment $10,496/month

Total Views 6,964
7 Beds
6 Baths
4,302 Sq Ft
$394 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 5 Car Garage
  • Villa Park High School Rated A
  • Forced Air Heating System
  • Turnkey

About This Home

Excellent investment opportunity in the highly desirable City of Orange. This well-maintained fourplex features an attractive unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 2-bath units, offering strong tenant demand and long-term rental stability. Current gross monthly income is approximately $10,055, plus additional income from onsite community coin laundry. All units are occupied by long-term tenants with a strong payment history, providing immediate and stable cash flow from day one. Each unit is separately metered for gas and electricity, helping minimize owner expenses and maximize operational efficiency. The property also offers excellent parking with five garage spaces and additional onsite parking, a valuable feature rarely found in multifamily properties of this size. Recent capital improvements include replacement furnaces in Units A and B, a commercial-sized water heater, and updated common area electrical timer systems. Ideally located near The Village at Orange, major shopping, dining, schools, employment centers, and convenient access to the 55, 57, and 91 freeways. Strong rental demand, stable in-place income, and future rental upside make this a compelling opportunity for both seasoned and first-time multifamily investors. Rarely does a fourplex in such a desirable Orange location offer this combination of unit mix, parking, income stability, and long-term investment potential.

Listing Agent

Annie Lee

Premier Realty Brokerage Email: annie.lee@baikhome.com License #01968283 Listed on: 05/10/2026

Co-Listing Agent

Ethan Baik

Premier Realty Brokerage Email: annie.lee@baikhome.com License #01927947

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 5 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Turnkey
  • Pre-Cast Concrete Construction

Interior Spaces

  • 4,302 Sq Ft Home
  • 2-Story Property
  • Gas Oven
  • Laundry in unit

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 5086
  • Assessor Parcel Number 37213110
  • $1,111 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $103
  • Gardener Expense $103
  • Insurance Expense $5,298
  • Trash Expense $2,767
  • Water Sewer Expense $2,131
  • New Taxes Expense $22,320
  • Operating Expense $37,753
  • Gross Income $140,400
  • Net Operating Income $102,647

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

7,841 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 5.70
  • Property Attached: Yes
  • Road Frontage Type: Access Road
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2131.00
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 103.00
  • Parcel Number: 37213110
  • Year Built: 1968
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 394.00

Exterior Features

  • Pool Private: No
  • Construction Materials: Concrete

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage, Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Water Available, Natural Gas Connected, Sewer Available, Natural Gas Available, Sewer Connected, Electricity Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Oven
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2767.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved, Rectangular Lot, Level
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Electric Expense: 103.00
  • Gross Income: 140400.00
  • Gross Scheduled Income: 140400.00
  • Insurance Expense: 5298.00
  • Laundry Income: 1200.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 102647.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 37753.00
  • Rent Control: No
  • Total Actual Rent: 10055.00
  • Total Expenses: 37753.00

Tax Info

  • New Taxes Expense: 22320.00
  • Tax Lot: 20
  • Tax Tract Number: 5086
  • TaxOtherAnnualAssessmentAmount: 1110.87

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,304 $1,434,222 $1,109,493 $324,729
2024 $15,942 $1,406,100 $1,087,738 $318,362
2023 $15,587 $1,378,530 $1,066,410 $312,120
2022 $15,283 $1,351,500 $1,045,500 $306,000
2021 $14,860 $1,325,000 $1,025,000 $300,000
2020 $13,519 $1,196,460 $1,028,245 $168,215
2019 $13,352 $1,173,000 $1,008,083 $164,917
2018 $13,150 $1,150,000 $988,316 $161,684
2017 $9,245 $801,789 $605,968 $195,821
2016 $9,070 $786,068 $594,086 $191,982
2015 $8,938 $774,261 $585,162 $189,099
2014 $8,748 $759,095 $573,700 $185,395
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2026 06/16/26 Price Changed $1,695,000 -5.8% $394 / Sq Ft
05/10/2026 05/10/26 For Sale $1,800,000 +35.8% $418 / Sq Ft
09/03/2020 09/03/20 Sold $1,325,000 0.0% $308 / Sq Ft View Prior Sale
08/01/2020 08/01/20 Pending -- -- --
07/30/2020 07/30/20 Off Market $1,325,000 -- --
07/24/2020 07/24/20 For Sale $1,325,000 0.0% $308 / Sq Ft
07/21/2020 07/21/20 Off Market $1,325,000 -- --
07/17/2020 07/17/20 For Sale $1,399,000 +5.6% $325 / Sq Ft
07/07/2020 07/07/20 Off Market $1,325,000 -- --
06/26/2020 06/26/20 For Sale $1,399,000 +21.7% $325 / Sq Ft
12/21/2017 12/21/17 Sold $1,150,000 -4.1% $267 / Sq Ft View Prior Sale
11/25/2017 11/25/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $1,199,000 -- $279 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW26101770

California Regional Multiple Listing Service (CRMLS)

APN: 372-131-10

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