1918 E Del Mar, Orange, California 92865, Orange, 92865 - 0 bed, 0 bath
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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 | $1,800,000* List Price | 0 | 0 | 4,302 | $366 | - |
A 2056 N Highland Sold | $1,607,000 | 0 | 0 | 4,481 | $359 | 0.1 mi |
B 2504 N Bourbon Sold | $1,880,000 | 0 | 0 | 4,417 | $426 | 0.7 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 offers an attractive unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 2-bath units, providing strong tenant appeal and excellent rental stability. Current gross monthly income is approximately $10,055, plus additional income from the onsite community coin laundry. All tenants are current on rent, and the property features long-term month-to-month tenants with a strong payment history. Each unit is separately metered for gas and electricity, helping keep owner expenses low. Excellent parking with five garage spaces and additional onsite parking. Recent improvements include replacement of furnaces in Units A and B, a commercial-sized water heater, and a timer for the common area electrical system. Ideally located near The Village at Orange, shopping, dining, schools, and major employment centers, with convenient access to the 55, 57, and 91 freeways. A rare opportunity to acquire a stable, income-producing asset with strong in-place cash flow and future rental upside in one of Orange County’s most established rental markets.
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 | 4,302 | 4,417 | 33% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $1.80M | $1.80M | 50% |
| Price per sq ft | $418 | $418 | 50% |
| Built year | 1968 | 1968 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 184 | 33% |
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