875 N Olive St Orange, CA 92867
20
Beds
20
Baths
--
Sq Ft
0.44
Acres
Highlights
- 0.44 Acre Lot
- Courtyard Views
- Accessible Parking
- Fireplace in Bathroom
- Laundry Room
- Forced Air Heating and Cooling System
About This Home
As of March 2025This complex has ten (10) 2-bd, 2-ba units all occupied by same tenants for 10+ years. 5 units on each side of complex with common area yard in between the buildings. 3 units upstairs on each side and 2 units downstairs on each side. Downstairs units have private patios and upstairs units have balconies. Some units have minor updates but most are in good condition. Each unit has a 1-car garage and 1 assigned parking spot in parking lot. Two washers and two dryers in common area laundry room are leased and maintained by National Service Company. Current owner pays for gardener, pest control, water and trash services. It is believed the construction is 1993 but buyer should verify year built. With improvements, rents can be increased to market rates which are substantially higher than the current rents, huge upside on this property.
Last Agent to Sell the Property
Seven Gables Real Estate Brokerage Phone: 714-501-3783 License #00961702 Listed on: 02/20/2025
Co-Listed By
Seven Gables Real Estate Brokerage Phone: 714-501-3783 License #02090328
Last Buyer's Agent
Seven Gables Real Estate Brokerage Phone: 714-501-3783 License #02090328
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,669
Year Built
- Built in 1993
Lot Details
- 0.44 Acre Lot
- Two or More Common Walls
- Front Yard Sprinklers
Parking
- 10 Car Garage
- 10 Open Parking Spaces
- Parking Available
- Parking Lot
Home Design
- Property Attached
Interior Spaces
- 2-Story Property
- Living Room with Fireplace
- Dining Room with Fireplace
- Carpet
- Courtyard Views
Kitchen
- Electric Range
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 20 Bedrooms
- 20 Bathrooms
- Fireplace in Bathroom
Laundry
- Laundry Room
- Leased Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Accessible Parking
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity
- Legal Lot and Block 1 / G
- Tax Tract Number 175
- Assessor Parcel Number 38643419
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,000
- Fuel Expense $4,073
- Gardener Expense $4,180
- Insurance Expense $2,860
- Maintenance Expense $18,340
- Other Expense $4,508
- Pest Control $1,543
- Professional Management Expense $14,808
- Trash Expense $4,472
- Water Sewer Expense $8,310
- Operating Expense $88,696
- Gross Income $200,700
- Net Operating Income $117,051
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | For Rent | $2,600 | 0.0% | -- |
| 03/26/2025 03/26/25 | Sold | $3,115,000 | +5.6% | -- |
| 02/24/2025 02/24/25 | Pending | -- | -- | -- |
| 02/20/2025 02/20/25 | For Sale | $2,950,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
John Muirhead
Seller's Agent in 2025
John Muirhead
Seven Gables Real Estate
(714) 501-3783
4 in this area
43 Total Sales
-
Heather Vuncanon
Seller Co-Listing Agent in 2025
Heather Vuncanon
Seven Gables Real Estate
(714) 425-9196
1 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25036781
APN: 386-434-19
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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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