716 N Mallard, Orange, California 92867, Orange, 92867 - 0 bed, 0 bath
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Orange, California 92867
This Triplex Residential Income Asset is a Prime Investment Opportunity, listed at $1,773,000—positioned well below the $1,799,999 Fair Market Value by 1.5%. This valuation gap offers $26,999 in Instant Equity. Featuring a Condition Rating of 2, the property includes two recently renovated units with modern kitchens and a private pool and patio. With full occupancy and a quiet cul-de-sac location, this is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate, stable cash flow.
Property is new construction or fully renovated.
While the structure dates to 1963, two of the three units have undergone a complete high-end renovation within the last 5 years. Photos show mint condition interiors with modern shaker cabinetry, quartz countertops, new stainless steel appliances (some still with protective film), updated flooring, and contemporary bathrooms with new vanities and fixtures. The exterior and landscaping are well-maintained, meeting the criteria for a recent renovation.
Two of the three units have been recently updated with modern kitchens and stylish bathrooms, significantly reducing immediate capital expenditure and enhancing rental appeal.
The property is fully occupied by tenants, providing a turnkey investment opportunity with consistent rental income generated from the day of acquisition.
Situated on a quiet cul-de-sac in a desirable area of Orange, the property offers a peaceful residential setting that attracts high-quality, long-term tenants.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8276, other record lot size in square feet = 8473.
One unit remains unrenovated, which may result in lower rental yields for that specific unit and require future capital investment to match the standard of the other two.
Originally built in 1963, the property may have aging systems or structural components typical of mid-century construction that require ongoing maintenance and oversight.
This beautiful triplex is ideally situated on a quiet cul-de-sac in the desirable City of Orange. Two of the units have been recently renovated, featuring modern kitchens, updated bedrooms located on the second floor, and stylishly upgraded bathrooms with a contemporary aesthetic. All three units are currently occupied by tenants, making this an excellent investment opportunity in a prime location.
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 | 3,187 | 2,998 |
| Lot Size | 8,276 | 6,970 |
| Price | $1.68M | $1.45M |
| Price per sq ft | $527 | $515 |
| Built year | 1963 | 1977 |
| HOA | $0 | $81 |
| Days on market | 96 | 91 |
Jun 19, 2026
$1,680,000
$1,700,000
-1% Price Drop
Initial Listing
Jun 10, 2026
$1,700,000
$1,773,000
-4% Price Drop
Initial Listing
May 21, 2026
$1,773,000
$1,799,999
-1% Price Drop
Initial Listing
Apr 17, 2026
$1,799,999
Initial Listing
Sep 30, 2022
$1,311,500
Public Record
May 23, 2005
$870,000
Public Record
Aug 19, 2003
$535,000
Public Record
Feb 5, 1996
$199,000
Public Record