233 S Esplanade, Orange, California 92869, Orange, 92869 - 0 bed, 0 bath
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Orange, California 92869
Analysis of 233 S Esplanade, Orange, California 92869 is currently available with a list price of $1,325,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1977 and sold in 'as is' condition, this property is nearly 50 years old with no evidence of recent renovations. Given the long-term tenancy and 'as is' status, kitchens, bathrooms, and major systems (HVAC/Electric) are likely original or significantly dated, requiring a full rehab to meet modern standards.
This triplex offers immediate cash flow with long-term tenants on month-to-month leases, allowing for flexible rent adjustments to market rates, plus an additional $2,500 in annual laundry income.
Each unit features a functional two-bedroom, 1.5-bathroom layout, complemented by a high parking ratio of four garage spaces and two designated spots, which is a significant competitive advantage in the local rental market.
Located in the sought-after Orange Hill area near major freeways and amenities, the property is positioned in a high-demand pocket of Orange County ideal for steady occupancy and long-term equity growth.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 9590.
The property is being sold in 'as-is' condition, which implies the potential for deferred maintenance and may require immediate capital expenditure for repairs or upgrades following the buyer's due diligence.
Built in 1977, the building likely requires modernization of its primary systems and interior finishes to meet contemporary tenant expectations and achieve top-tier market rents.
PRODUCING INCOME TRIPLEX. Here is your ideal investment property in the convenient city of Orange. This is a lucrative investment property. Total of three units. Property is located nearby major freeways, shopping, and all amenities. This is a highly desirable investment opportunity consisting of three units. Each unit is two bedrooms with one full bath and one half bath. Total of four garage parking and two additional spaces for designated parking. Tenants are long term and leases are month to month. Coin laundry produces about 2,500 additional income a year. Great investment for steady income focusing on equity growth. This triplex stands out as a rewarding investment in Orange County, Southern California's most desirable location. Buyer due diligence. Seller selling property in "as is" condition. Interior subject to offer being accepted.
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 | 2,832 | 1,956 | 67% |
| Lot Size | 7,405 | 6,250 | 67% |
| Price | $1.32M | $1.40M | 33% |
| Price per sq ft | $468 | $716 | 33% |
| Built year | 1977 | 2025 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 197 | 33% |
Apr 17, 2026
$1,325,000
Initial Listing
Dec 3, 2014
$770,000
Public Record
Jul 20, 2007
$800,000
Public Record
Jul 30, 2003
$495,000
Public Record
Feb 1, 2002
$330,000
Public Record