1918 E Del Mar, Orange, California 92865, Orange, 92865 - 0 bed, 0 bath
Loading property details...
Orange, California 92865
This fourplex presents a High-Potential Investment Opportunity with a List Price of $1,800,000—positioned above the $1,572,708 Fair Market Value. While the property lacks immediate equity, it offers a stable, income-producing Asset with a robust monthly gross income of $10,055. Featuring a Fair Condition Rating and separately metered utilities, the property provides operational efficiency for long-term holds. Its strategic location near major freeways and employment centers ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking reliable cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1918 E Del Mar Subject | $1,695,000* List Price | 0 | 0 | 4,302 | $375 | - |
A 2504 N Bourbon Sold | $1,880,000 | 0 | 0 | 4,417 | $426 | 0.7 mi |
B 2056 N Highland Sold | $1,607,000 | 0 | 0 | 4,481 | $359 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968, this property is over 50 years old. While it is described as well-maintained with recent updates to some HVAC systems and the water heater, the lack of mention regarding interior renovations to kitchens and bathrooms suggests they are likely dated. It remains functional and income-producing, fitting the 'Fair' criteria for properties over 20 years old needing minor cosmetic updates.
The property generates a robust monthly gross income of approximately $10,055 with a desirable unit mix, including a rare 3-bedroom unit, ensuring high tenant demand and rental stability.
Units are separately metered for gas and electricity, significantly reducing landlord overhead, and the property features recent capital improvements like new furnaces and a commercial-grade water heater.
Ideally positioned near major freeways (55, 57, 91) and The Village at Orange, the property offers tenants excellent accessibility to major employment centers and retail hubs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 7906.
Originally constructed in 1968, the asset may require more frequent long-term maintenance or modernization of older systems to remain competitive in the local rental market.
With only five garage spaces for four multi-bedroom units, the parking-to-tenant ratio may be limited for households with multiple vehicles, potentially impacting long-term tenant satisfaction.
Excellent investment opportunity in the highly desirable City of Orange. This well-maintained fourplex features an attractive unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 2-bath units, offering strong tenant demand and long-term rental stability. Current gross monthly income is approximately $10,055, plus additional income from onsite community coin laundry. All units are occupied by long-term tenants with a strong payment history, providing immediate and stable cash flow from day one. Each unit is separately metered for gas and electricity, helping minimize owner expenses and maximize operational efficiency. The property also offers excellent parking with five garage spaces and additional onsite parking, a valuable feature rarely found in multifamily properties of this size. Recent capital improvements include replacement furnaces in Units A and B, a commercial-sized water heater, and updated common area electrical timer systems. Ideally located near The Village at Orange, major shopping, dining, schools, employment centers, and convenient access to the 55, 57, and 91 freeways. Strong rental demand, stable in-place income, and future rental upside make this a compelling opportunity for both seasoned and first-time multifamily investors. Rarely does a fourplex in such a desirable Orange location offer this combination of unit mix, parking, income stability, and long-term investment potential.
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 | 4,302 | 2,998 |
| Lot Size | 7,841 | 6,970 |
| Price | $1.70M | $1.45M |
| Price per sq ft | $394 | $515 |
| Built year | 1968 | 1977 |
| HOA | $0 | $81 |
| Days on market | 73 | 91 |
Jun 19, 2026
$1,695,000
$1,800,000
-6% Price Drop
Initial Listing
May 10, 2026
$1,800,000
Initial Listing
Sep 3, 2020
$1,325,000
Public Record
Dec 21, 2017
$1,150,000
Public Record
May 21, 2003
$640,000
Public Record
Oct 31, 1997
$261,000
Public Record