Mike Villeneuve
Legacy Real Estate
(657) 220-6615
47 Total Sales
9 in Orange
$100K - $170K Price Range
2562 N Bourbon St Orange, CA 92865
Orange Area
9
Beds
5
Baths
4,417
Sq Ft
6,757
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Facilities
- Level Lot
- Landscaped
About This Home
As of July 20252562 N. Bourbon Street, an exceptional opportunity to acquire a well-maintained four-unit multifamily property, ideally located in the vibrant city of Orange. THIS PROEPRTY IS FEE SIMPLE, NOT A LAND LEASE. Built in 1968, 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. Some of the property amenities include an onsite laundry facility, patios/balconies, and wall A/C. 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 upside potential, and pride of ownership in a prime location. With a highly motivated seller, this property won't last long.
Last Agent to Sell the Property
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 04/22/2025
Co-Listed By
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,561
Year Built
- Built in 1965
Lot Details
- 6,757 Sq Ft Lot
- No Common Walls
- Landscaped
- Level Lot
Parking
- 1 Open Parking Space
- 5 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,417 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Additional Features
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 462
- Assessor Parcel Number 37446228
- $1,039 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $405
- Fuel Expense $1,654
- Gardener Expense $1,200
- Insurance Expense $4,417
- Maintenance Expense $2,998
- Other Expense $500
- Pest Control $600
- Trash Expense $1,397
- Water Sewer Expense $2,493
- New Taxes Expense $19,913
- Operating Expense $35,577
- Gross Income $103,020
- Net Operating Income $64,352
Additional Features
- 4 Units
- Laundry Facilities
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 22, 2025
Closed on
Jul 14, 2025
Sold by
Bought by
Seller's Agent
Rick Applebaum
Morgan Skenderian
Buyer's Agent
Ronda Smith
BHHS CA Properties
List Price
$1,850,000
Sold Price
$1,750,000
Premium/Discount to List
-$100,000
-5.41%
Views
17
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
6.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 24, 2022
Sold by
Bought by
Purchase Details
Closed on
May 4, 2020
Sold by
Bought by
Purchase Details
Closed on
Feb 3, 2016
Sold by
Bought by
Purchase Details
Closed on
Nov 6, 2015
Sold by
Bought by
Purchase Details
Closed on
Nov 1, 2010
Sold by
Bought by
Purchase Details
Closed on
Jul 7, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Orange, CA
-
Mike Villeneuve
-
Justin Woo
Justin Woo
Keller Williams AH/YL
(213) 444-2937
15 Total Sales
2 in Orange
$950,000 Price Range
-
James Olvera
James Olvera
eXp of Greater Los Angeles
(909) 487-1514
37 Total Sales
1 in Orange
$130,000 Price
-
Lawrence Renteria
Lawrence Renteria
Re/Max Top Producers
(909) 378-9971
32 Total Sales
2 in Orange
$1,210,000 Price Range
-
Ernie Lim
Ernie Lim
Ernie Lim, Broker
(657) 220-6976
28 Total Sales
1 in Orange
$3,300,000 Price
-
Teresa Gorman
Teresa Gorman
Fiduciary Real Estate Services
(949) 569-5182
74 Total Sales
3 in Orange
$500K - $1.3M Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,750,000 | Ticor Title Company | ||
| $1,785,000 | First American Title | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| $200,000 | Orange Coast Title |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,307,000 | ||
| Closed | $1,312,500 | ||
| Previous Owner | $220,000 |
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 |
|---|---|---|---|---|---|
| 07/21/2025 07/21/25 | Sold | $1,750,000 | -5.4% | $396 / Sq Ft | |
| 04/22/2025 04/22/25 | For Sale | $1,850,000 | +3.6% | $419 / Sq Ft | |
| 11/22/2022 11/22/22 | Sold | $1,785,000 | 0.0% | $404 / Sq Ft | View Prior Sale |
| 11/22/2022 11/22/22 | Sold | $1,785,000 | 0.0% | $404 / Sq Ft | View Prior Sale |
| 09/22/2022 09/22/22 | Price Changed | $1,785,000 | 0.0% | $404 / Sq Ft | |
| 09/22/2022 09/22/22 | Price Changed | $1,785,000 | +0.6% | $404 / Sq Ft | |
| 08/11/2022 08/11/22 | Price Changed | $1,775,000 | 0.0% | $402 / Sq Ft | |
| 08/11/2022 08/11/22 | Price Changed | $1,775,000 | -4.1% | $402 / Sq Ft | |
| 07/14/2022 07/14/22 | For Sale | $1,850,000 | 0.0% | $419 / Sq Ft | |
| 06/20/2022 06/20/22 | For Sale | $1,850,000 | -- | $419 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2026 | $20,774 | $1,750,000 | $1,551,409 | $198,591 |
| 2025 | $20,317 | $1,857,114 | $1,677,905 | $179,209 |
| 2024 | $20,317 | $1,820,700 | $1,645,004 | $175,696 |
| 2023 | $19,869 | $1,785,000 | $1,612,749 | $172,251 |
| 2022 | $10,095 | $861,187 | $685,372 | $175,815 |
| 2021 | $5,402 | $422,048 | $233,508 | $188,540 |
| 2020 | $5,351 | $417,721 | $231,114 | $186,607 |
| 2019 | $5,293 | $409,531 | $226,582 | $182,949 |
| 2018 | $5,215 | $401,501 | $222,139 | $179,362 |
| 2017 | $5,019 | $393,629 | $217,783 | $175,846 |
| 2016 | $4,928 | $385,911 | $213,512 | $172,399 |
| 2015 | $4,856 | $380,115 | $210,305 | $169,810 |
| 2014 | $4,754 | $372,670 | $206,186 | $166,484 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Applebaum
Seller's Agent in 2025
Rick Applebaum
Morgan Skenderian
(949) 251-8800
75 Total Sales
-
Paul Espinosa
Seller Co-Listing Agent in 2025
Paul Espinosa
Morgan Skenderian
(714) 206-2688
43 Total Sales
-
Ronda Smith
Buyer's Agent in 2025
Ronda Smith
BHHS CA Properties
(714) 349-1225
48 Total Sales
-
B
Seller's Agent in 2022
Bruce Heathcote
Bruce Heathcote, Broker
-
Richard (RJ) Green
Buyer's Agent in 2022
Richard (RJ) Green
RE/MAX
(714) 536-6529
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25088225
APN: 374-462-28
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. 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
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