145 W Mayfair, Orange, California 92867, Orange, 92867 - bed, bath
ACTIVE UNDER CONTRACT$1,100,000
145 W Mayfair, Orange, California 92867
0Bed
0Bath
2,340Sqft
6,595Lot
Year Built
1955
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$470
HOA
-
Days on market
-
Sold On
-
MLS number
OC25240180
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(33th), sqft - 2340(33th), beds - undefined(50th), baths - undefined(50th).
Great investment opportunity with positive cash flow. Rare, triplex in highly desirable area of Orange. Located near Glassell St., south of Collins Ave. Only a few blocks from Chapman University. Single story units with a private, gated grass courtyard and all units have access to private, 1 car garages, plus an easy access driveway. The laundry room is equipped with coin operated washer and dryer, a wash sink and 3 water heaters, 1 for each unit. This property is only minutes away from Downtown Orange, various shopping centers, and multiple Freeway on-ramps.
Price History
Date
Event
Price
10/20/25
Listing
$1,100,000
Condition Rating
Fair
Built in 1955, this property is an older structure. While the exterior appears maintained and the water heaters have been updated, there are no interior photos available to assess the condition of the kitchen, bathrooms, flooring, or other critical interior features. As an income-generating triplex, it is functional and habitable, but likely features outdated interiors and finishes typical of a rental property of this age that has not undergone a full recent renovation. It likely requires minor updates or repairs to meet current aesthetic and functional standards.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'Great investment opportunity with positive cash flow' and classified as a 'Residential Income' property (Triplex), offering multiple revenue streams.
Prime Location: Situated in a 'highly desirable area of Orange,' just blocks from Chapman University, minutes from Downtown Orange, various shopping centers, and multiple freeway on-ramps, ensuring high tenant demand.
Rare Triplex Configuration: The property is a 'rare, triplex,' providing a unique and sought-after multi-unit investment that can command higher demand and potentially better returns compared to more common property types.
Tenant-Friendly Unit Features: Each unit is single-story, features a private, gated grass courtyard, and includes access to a private 1-car garage, enhancing tenant appeal and retention.
Income-Generating Shared Amenities: A dedicated laundry room with coin-operated washer and dryer provides an additional income stream, while individual water heaters for each unit offer tenant convenience and efficient utility management.
Cons
Age of Property: Built in 1955, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and finishes, which may require significant capital expenditures for upgrades or renovations in the future.
Lack of In-Unit Laundry: While a shared coin-operated laundry is available, the absence of private in-unit laundry facilities in each unit could be a drawback for some prospective tenants, potentially limiting rental income or tenant pool.
Potential for Deferred Maintenance/Outdated Interiors: Given its age and focus as an investment property, there's a higher likelihood of outdated interior finishes or systems that may not meet modern tenant expectations, potentially requiring renovation to maximize rental value.