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875 N Olive Street

Orange, CA 92867

– beds
– baths
– sqft
~1/2 acre lot
1993 build
– on site

This 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.

Listed By CRMLS_CA / John Muirhead / Seven Gables Real Estate / 714-501-3783

Last checked: Checking… • Last updated Feb 21, 2025 •

MLS# OC25036781 —

The Building

Year Built:

1993
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

9500.00
Building Area Units:

Square Feet
Total Number Of Units:

10
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Accessibility Features:

Parking
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

10

Interior

Levels:

Two
Entry Location:

1
Flooring:

Carpet
Fireplace:

Yes
Fireplace:

Bath, Dining Room, Kitchen, Living Room
Laundry:

Community
Laundry:

1

Location

Directions:

Collins and Glassell
Latitude:

33.80211000
Longitude:

-117.85383600

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Lot Features:

Lot 10000-19999 Sqft, Sprinklers In Front
Lot Size Area:

19254.0000
Lot Size Acres:

0.4420
Lot Size SqFt:

19254.00
Lot Size Source:

Assessor
View:

1
View:

Courtyard
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

G
Tax Census Tract:

762.04
Tax Tract:

175
Tax Lot:

1
Tax Annual Amount:

18669.00

The Listing

Special Listing Conditions:

Standard
Parcel Number:

38643419

Heating & Cooling

Heating:

1
Heating:

Forced Air
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Sewer Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Range, Refrigerator
Included:

Yes

The Community

Features:

Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Garage, Parking Space
Parking Spaces:

20.00
Garage Spaces:

10.00
Uncovered Spaces:

10.00

Extra Units

Average 2 Bed Area:

950
Number With Disposal:

10
Number With Refrigerator:

10

Explore the Area

My Commute

From

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Sale history

Date	Event	Source	Price	% Change
2/20/25 Feb 20, 2025	Listed / Active	CRMLS_CA	$2,950,000

Multifamily For Sale

$2,950,000

Listing provided by broker:

John Muirhead

Seven Gables Real Estate

714-501-3783

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This multifamily located in Orange, CA 92867 is currently for sale for $2,950,000. 875 N Olive Street is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. This multifamily is in the attendance area of Orange High School, California Elementary School, and Yorba Middle School.

Listing Courtesy of: CRMLS_CA and Seven Gables Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 10:13 on Feb 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.