1404 E Sail Avenue, Orange, California 92865, Orange, 92865 - 0 bed, 0 bath
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Orange, California 92865
This Residential Income Triplex represents a High-Potential Investment Opportunity, currently listed at $1,200,000, which aligns with its $1,200,000 Fair Market Value. Featuring a Condition Rating of 3, the property offers a stable, turnkey rental asset with Central HVAC, In-Unit Laundry, and Private Garages. While the leasehold interest through 2063 requires specific financing, the strong unit mix and low-maintenance construction ensure consistent demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a reliable, income-generating property in Orange.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1404 E Sail Avenue Subject | $1,200,000* List Price | 0 | 0 | 2,542 | $472 | - |
A 1403 E Sail Ave Sold | $1,250,000 | 0 | 0 | 2,472 | $506 | 0.0 mi |
B 2659 N Canal Street Active Under Contract | $1,200,000 List Price | 0 | 0 | 2,540 | $472 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1979, the property is exceptionally well-maintained and move-in ready. It features essential modern systems like central air/heat and has undergone recent cosmetic refreshments including new carpeting, fresh paint, and updated bathroom flooring. While the kitchen cabinetry and popcorn ceilings are dated, the overall condition is functional and clean for a residential income property.
The property features a strong mix of two 2-bedroom/2-bathroom units and one 1-bedroom/1-bathroom unit, all equipped with central HVAC, in-unit laundry hookups, and private patios.
Tenants are responsible for all utilities, and the low-maintenance 1979 construction minimizes owner overhead, enhancing the net operating income potential.
Each unit includes a private one-car garage plus additional parking spaces, a significant competitive advantage in the Orange County rental market that drives tenant demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8712, other record lot size in square feet = 8018.
The sale is for leasing rights through 2063 rather than fee simple ownership, which can significantly restrict financing options and long-term capital appreciation.
With nearly 500 days on the market and a recent price increase, the property may face challenges regarding perceived market value and investor confidence.
Don't miss this opportunity to own the leasing rights thru 2063 on this sizeable single-story triplex with 2,542 square feet of living space. Desirable units that are all occupied. There are two separate units, each with two bedrooms and two bathrooms. Also, a one bedroom one bath unit. All units have a one-car garage with some extra parking spaces. Nice-sized living rooms. Large bedrooms and baths. There is a master bedroom in each two-bedroom unit. The kitchens are nicely sized with dining rooms. There are washer/ dryer hookups inside each unit. Central air/heat. These units have private patios to enjoy. Well-maintained and low-maintenance units. Tenants pay all utilities. Centrally located to freeways, parks, schools, and shopping. Lots of restaurants close by. There are three separate triplexes for sale on the same block.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 6.0 |
| Baths | 0.0 | 6.0 |
| Square foot | 2,542 | 2,998 |
| Lot Size | 8,712 | 6,970 |
| Price | $1.20M | $1.45M |
| Price per sq ft | $472 | $515 |
| Built year | 1979 | 1977 |
| HOA | $0 | $81 |
| Days on market | 534 | 91 |
Jun 12, 2026
$1,200,000
Initial Listing
Feb 3, 2025
$1,050,000
Initial Listing