2695 N Canal Street, Orange, California 92865, Orange, 92865 - 0 bed, 0 bath
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Orange, California 92865
This High-Potential Investment Opportunity is a Residential Income Triplex listed at a List Price of $1,200,000, which aligns with its $1,200,000 Fair Market Value. Featuring a Condition Rating of 3, the property offers a stable, turnkey rental asset with modern interior updates, central HVAC, and private patios. With all units currently occupied and tenants covering all utilities, this asset provides immediate cash flow. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a well-maintained, low-maintenance income property in a prime Orange location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2695 N Canal Street Subject | $1,200,000* List Price | 0 | 0 | 2,520 | $476 | - |
A 1403 E Sail Ave Sold | $1,250,000 | 0 | 0 | 2,472 | $506 | 0.0 mi |
B 1404 E Sail Avenue Active Under Contract | $1,200,000 List Price | 0 | 0 | 2,542 | $472 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1979, the interior shows a clear renovation within the 5-15 year window, featuring modern white shaker-style cabinetry, updated countertops, and clean flooring. The presence of central HVAC and the well-maintained appearance of the occupied units make it move-in ready, despite some dated elements like popcorn ceilings and fluorescent light boxes.
The triplex features a strong mix of two 2-bedroom/2-bathroom units and one 1-bedroom unit, all equipped with central air, in-unit laundry hookups, and private patios, maximizing rental appeal.
With all units currently occupied and tenants responsible for all utilities, this property offers a streamlined investment with reduced overhead costs for the landlord.
Situated in a convenient Orange neighborhood, the property provides easy access to major freeways, schools, and shopping, ensuring consistent tenant demand.
The sale involves leasing rights through 2063 rather than fee simple ownership, which can complicate traditional financing and limits the long-term appreciation potential of the land.
With nearly 500 days on the market, the property has experienced significant stagnation, suggesting potential challenges with the current pricing or the specific complexities of the leasehold terms.
Don't miss this opportunity to own the leasing rights thru 2063 on this sizeable single-story triplex with 2,520 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 | 2,520 | 2,998 |
| Lot Size | 6,970 | 6,970 |
| Price | $1.20M | $1.45M |
| Price per sq ft | $476 | $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