$1,450,000
SOLD MAY 1, 2025

731 E Fairway Dr Orange, CA 92866

5 Beds
3 Baths
2,195 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$661 Per Sq Ft

38% Above List Price

91 Days on Market

Highlights

  • No HOA
  • 3 Car Garage
  • Back Yard
  • Laundry Room
  • Block Wall Fence

About This Home

As of May 2025

Cash-flowing duplex located in a highly desirable neighborhood near Old Town Orange. This income-generating property features two well-maintained units with solid rental income. The remodeled three-bedroom, two-bathroom unit includes a two-car garage and a private backyard, currently rented at $4,425 per month. Inside, this unit offers laminate flooring, a beautifully updated kitchen, and a cozy fireplace in the living room, making it a highly attractive rental option. The second unit is a comfortable two-bedroom, one-bathroom space with its own private patio and a one-car garage, generating $3,000 per month in rental income.

Last Agent to Sell the Property

John Nguyen

Harcourts Signature Properties Brokerage Phone: 818-568-8890 License #02224823 Listed on: 12/17/2024

Harcourts Signature Properties

Co-Listed By

Christina Vo

First Team Real Estate Brokerage Phone: 818-568-8890 License #02217038

Last Buyer's Agent

Emmanuel Gamboa

Exclusive Realty Associates License #02041836

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Back Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,195 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 7652
  • Assessor Parcel Number 39003108
  • $527 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • Gardener Expense $1,080
  • Other Expense $420
  • Water Sewer Expense $900
  • Operating Expense $1,980
  • Gross Income $87,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 39003108
  • Year Built: 1972
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 660.59

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 87000.00
  • Gross Scheduled Income: 89100.00
  • Lot Size Area: 6970.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 3
  • Number With Range: 2
  • Operating Expense: 2400.00
  • Other Expense: 420.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Expenses: 1980.00

Tax Info

  • Tax Census Tract: 759.02
  • Tax Lot: 14
  • Tax Tract Number: 7652
  • TaxOtherAnnualAssessmentAmount: 527.00
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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 Prior Sale
05/01/2025 05/01/25 Sold $1,450,000 -1.7% $661 / Sq Ft
01/27/2025 01/27/25 Price Changed $1,475,000 +40.5% $672 / Sq Ft
01/17/2025 01/17/25 For Sale $1,050,000 -27.6% $478 / Sq Ft
01/16/2025 01/16/25 Off Market $1,450,000 -- --
12/22/2024 12/22/24 For Sale $1,050,000 -27.6% $478 / Sq Ft
12/18/2024 12/18/24 Off Market $1,450,000 -- --
12/17/2024 12/17/24 For Sale $1,050,000 -18.9% $478 / Sq Ft
11/08/2022 11/08/22 Sold $1,295,000 0.0% $590 / Sq Ft View Prior Sale
10/14/2022 10/14/22 For Sale $1,295,000 -- $590 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $14,512 $1,347,318 $1,123,632 $223,686
2024 $14,512 $1,320,900 $1,101,600 $219,300
2023 $14,195 $1,295,000 $1,080,000 $215,000
2022 $10,155 $912,889 $751,816 $161,073
2021 $8,618 $775,200 $637,034 $138,166
2020 $8,622 $775,200 $637,034 $138,166
2019 $8,514 $760,000 $624,543 $135,457
2018 $8,172 $725,000 $589,543 $135,457
2017 $7,723 $700,000 $564,543 $135,457
2016 $7,302 $659,912 $524,455 $135,457
2015 $7,196 $650,000 $516,577 $133,423
2014 $6,606 $595,000 $461,577 $133,423
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24251158

California Regional Multiple Listing Service (CRMLS)

APN: 390-031-08