2504 N Bourbon, Orange, California 92865, Orange, 92865 - bed, bath
ACTIVE$1,950,000
2504 N Bourbon, Orange, California 92865
0Bed
0Bath
4,417Sqft
7,258Lot
Year Built
1965
Close
-
List price
$1.95M
Original List price
$2.1M
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
OC25234601
Home ConditionFair
Features
Good View:
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.95M(80th), sqft - 4417(50th), beds - undefined(50th), baths - undefined(50th).
4-unit investment opportunity located at 2504 N Bourbon St, Orange, CA. The property is a mix of three bedroom two bath and two bedroom one bath units. The subject property is located within a prime area of Orange, and it is within close proximity to shopping and entertainment centers, schools, parks, government buildings, and more. With current rents already strong and additional upside available, investors can benefit from both immediate income and long-term appreciation.
Price History
Date
Event
Price
11/21/25
Price Change
$1,950,000-7.1%
10/07/25
Listing
$2,100,000
Condition Rating
Fair
Built in 1965, the property is aged. While the kitchen features updated stainless steel appliances and recessed lighting, the cabinets, granite countertops, and tiled flooring appear dated, suggesting an older renovation rather than a recent, comprehensive one. The presence of a window AC unit indicates an older cooling system. The overall impression is that the property is maintained and functional for an income property, but its style and some systems are outdated and would benefit from minor updates to meet current standards.
Pros & Cons
Pros
Multi-Unit Investment: This 4-unit quadruplex is a dedicated residential income property, offering a clear investment opportunity for generating rental revenue.
Strong Rental Performance: The property boasts strong current rents with additional upside potential, indicating a healthy immediate income stream and future growth.
Prime Location: Situated in a prime area of Orange, it benefits from excellent proximity to shopping, entertainment, schools, parks, and government buildings, enhancing tenant demand and property value.
Diverse Unit Mix: The mix of three-bedroom, two-bath and two-bedroom, one-bath units caters to a broader range of tenants, optimizing occupancy and rental income potential.
Long-Term Appreciation: With its income-generating nature and desirable location, the property is well-positioned for long-term capital appreciation.
Cons
Property Age & Condition: Built in 1965, the property is older, suggesting potential for aging infrastructure and systems that may require significant capital expenditure for updates and ongoing maintenance.
Unspecified Unit Modernization: The listing lacks details on recent renovations or upgrades to the individual units, implying they may be in original or dated condition, which could necessitate investment to maximize rental appeal and value.
Limited Amenity Information: The description does not specify on-site amenities such as laundry facilities, dedicated parking, or common outdoor spaces, which could be a competitive factor for attracting and retaining tenants.