
Orange, California 92866
Analysis of 219 S Oak Street, Orange, California 92866 is currently available with a list price of $3,190,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Orange Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1967, the property is well-maintained but dated. While it features recent electrical subpanel upgrades and some bathroom vanity refreshes, the overall interior—including wall heaters, older kitchen cabinetry, and carpeting—reflects a 20+ year-old aesthetic that requires modernization.
As two separate fourplexes on individual parcels, this property qualifies for conventional residential financing, allowing investors to avoid more costly and restrictive commercial loan requirements.
The utility structure is highly efficient with no house gas or electric meters and individual water heaters in each unit, shifting the majority of utility costs to the tenants.
Rare features such as private enclosed garages with automatic openers, in-unit laundry hookups, and private fenced yards significantly enhance tenant retention and rental value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =21168, other record lot size in square feet = 10314. Living area discrepancy between mls listing and other public or private record. mls listing living area = 5476, other record living area = 2738.
With the buildings dating back to 1957 and 1967, the property may require ongoing capital expenditures for maintenance and upgrades to aging systems beyond the recently replaced electrical panels.
The heavy concentration of one-bedroom units (6 out of 8) may limit the potential tenant pool and cap the maximum rental income compared to properties with more multi-bedroom family units.
Rare Opportunity: Two Orange Fourplexes on Two Expansive Separate Lots - Conventional Residential Financing Available – No Commercial Loan Required! 219 & 229 S. Oak Street present an exceptionally rare opportunity to acquire two contiguous fourplexes being sold together. 219 Oak was built in 1967 and 229 Oak was built in 1957. Each property consists of only four residential units, each building qualifies for its own conventional conforming residential financing, eliminating the need for commercial financing and providing investors with more attractive lending options. Together, the properties comprise 8 apartment units situated on two separate parcels totaling approximately 21,168 square feet. This unique offering allows an investor to benefit from the economies of scale associated with a larger apartment investment while maintaining the flexibility and financing advantages of owning two separate four-unit properties. Each fourplex consists of three 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, with approximately 2,738 square feet of living space per building. Located at the end of a cul-de-sac, the two buildings face one another across a beautifully landscaped shared courtyard enclosed by a classic white picket fence. This charming cottage-style setting creates exceptional curb appeal and provides residents with an inviting community atmosphere rarely found in apartment properties. Situated in one of Orange County's most desirable rental markets, this offering combines strong tenant appeal, long-term investment stability, and outstanding upside potential. Residents enjoy amenities that have become increasingly difficult to find in today's rental market: Private enclosed garages with metal roll-up doors and automatic openers One dedicated parking space directly in front of each garage In-unit washer/dryer hookups and Individual water heaters in each unit Private concrete patios and enclosed yard areas accessed through sliding glass doors From an ownership perspective, the properties offer an efficient expense structure. Residents pay for their own natural gas service, there are no house gas or house electric meters, and owner-paid expenses are generally limited to water, trash, and landscaping. In addition, new electrical subpanels have recently been installed, providing a valuable capital improvement. Opportunities to acquire adjacent fourplexes of this quality and scale in such a prime Orange location are exceptionally rare.
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 | 5,476 | 2,715.278 |
| Lot Size | 21,168 | 7,647.056 |
| Price | $3.19M | $1.44M |
| Price per sq ft | $583 | $530 |
| Built year | 1967 | 1973 |
| HOA | $0 | $81 |
| Days on market | 37 | 159 |
Aug 3, 2026
$3,190,000
Initial Listing
Apr 12, 2001
$339,000
Public Record