2659 N Canal Street, Orange, California 92865, Orange, 92865 - 0 bed, 0 bath
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Orange, California 92865
This triplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $1,200,000, which aligns with the $1,200,000 Fair Market Value. Featuring a Fair Condition Rating, this asset offers immediate cash flow through three occupied units, each with a private garage and patio. While the leasehold interest through 2063 requires careful financial planning, the property’s stable rental demand and unit configuration provide a reliable income stream. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a turnkey, income-generating asset in Orange.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2659 N Canal Street Subject | $1,200,000* List Price | 0 | 0 | 2,540 | $468 | - |
A 1403 E Sail Ave Sold | $1,250,000 | 0 | 0 | 2,472 | $506 | 0.1 mi |
B 1404 E Sail Avenue Active Under Contract | $1,200,000 List Price | 0 | 0 | 2,542 | $472 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property is over 40 years old and shows significant signs of aging. While functional and occupied, the kitchens and bathrooms are dated with 1970s/80s style tile countertops and cabinetry. Exterior images show visible wood rot on the garage fascia, and interiors feature popcorn ceilings. It meets the 'Fair' criteria as it is functional but requires minor repairs and aesthetic updates to meet modern standards.
The triplex features a strong mix of two 2-bedroom/2-bathroom units and one 1-bedroom unit, all equipped with central HVAC, in-unit laundry hookups, and private patios.
All units are currently occupied and well-maintained, offering a turnkey investment opportunity with tenants responsible for all utility payments.
Each unit includes a private one-car garage plus additional parking spaces, a highly sought-after feature that increases tenant retention in the Orange rental market.
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 = 7648.
The sale involves leasing rights through 2063 rather than fee simple ownership, which can complicate traditional financing and limit long-term appreciation potential.
With nearly 500 days on the market and a recent price increase, the property may face challenges regarding perceived market value and buyer urgency.
Don't miss this opportunity to own the leasing rights thru 2063 on this sizeable single-story triplex with 2,540 square feet of living space. Desirable units that are all occupied. There are two separate units, each with two bedrooms and two bathrooms. Also, a one bedroom one bath unit. All units have a one-car garage with some extra parking spaces. Nice-sized living rooms. Large bedrooms and baths. There is a master bedroom in each two-bedroom unit. The kitchens are nicely sized with dining rooms. There are washer/ dryer hookups inside each unit. Central air/heat. These units have private patios to enjoy. Well-maintained and low-maintenance units. Tenants pay all utilities. Centrally located to freeways, parks, schools, and shopping. Lots of restaurants close by. There are three separate triplexes for sale on the same block.
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 | 2,540 | 2,998 |
| Lot Size | 7,405 | 6,970 |
| Price | $1.20M | $1.45M |
| Price per sq ft | $472 | $515 |
| Built year | 1979 | 1977 |
| HOA | $0 | $81 |
| Days on market | 534 | 91 |
Jun 12, 2026
$1,200,000
Initial Listing
Feb 3, 2025
$1,050,000
Initial Listing