1908 E Rose Avenue, Orange, California 92867, Orange, 92867 - 0 bed, 0 bath
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Orange, California 92867
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,299,000—positioned above the $1,226,664 Fair Market Value. While priced at a premium, the property offers a stable Asset with long-term tenants and a Fair Condition Rating. The strategic location near major freeways ensures consistent rental demand, while the Private Patios and Large Backyards provide a competitive edge in the multi-family market. This is a reliable acquisition for Buy-and-Hold Investors or Value-Add Investors looking to modernize interiors and maximize long-term rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1908 E Rose Avenue Subject | $1,299,000* List Price | 0 | 0 | 2,870 | $427 | - |
A 869 N Mallard Sold | $1,307,500 | 0 | 0 | 3,187 | $410 | 0.9 mi |
B 812 N Mallard Active | $1,450,000 List Price | 0 | 0 | 3,189 | $455 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this triplex is well over 50 years old but has received some cosmetic updates. While the flooring appears newer and the exterior/roof are maintained, the kitchens and bathrooms are dated with older cabinetry and tile work (>20 years). The presence of older wall heaters indicates dated HVAC systems, placing it firmly in the 'Fair' category as it is functional for tenants but needs modernization.
The property is ideally situated near the 55, 22, 5, and 57 freeways, providing exceptional accessibility across Orange County and ensuring consistently high tenant demand.
Each unit features private patios or large backyards, a rare and highly desirable amenity for multi-family properties that significantly enhances tenant quality of life and retention.
With two parking spaces per unit and dedicated washer/dryer hookups for every residence, the property meets the most critical functional needs of modern renters.
The middle and rear units share a single two-car garage, which may lead to logistical challenges or minor friction between tenants regarding space and access.
Given the 1961 construction and 30-year ownership history, the interiors likely require updates to achieve top-of-market rental rates despite the well-maintained exterior.
Property has been generating income for its owners for almost 30 years now. Long term tenants on annual leases which expire in August. Conveniently located near the 55, 22, 5, and 57 freeways, this building is easily accessible throughout Orange County. Each unit has washer and dryer hook-ups located in the garage, kitchen or back patio area. 1 - two car garage shared by the middle and back units along with a one car garage with direct access to the front unit. There is also room to park off the street in front of the garages, so each unit has 2 available spaces. The front and middle units have nice sized patios with extra room for kids to play, guests to share time together, or pets to roam. The rear unit has an even larger back yard that is especially attractive. Front and back units only have one common wall. Access to the outdoor space is a great benefit in these units. The living rooms and bedrooms are also spacious. Exterior of the building, including roof, is in good shape.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,870 | 2,870 | 50% |
| Lot Size | 6,970 | 6,970 | 50% |
| Price | $1.30M | $1.30M | 50% |
| Price per sq ft | $453 | $427 | 67% |
| Built year | 1961 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 229 | 33% |
May 30, 2026
$1,299,000
Initial Listing
Apr 29, 1997
$185,500
Public Record