720 N Adele Street, Orange, California 92867, Orange, 92867 - 0 bed, 0 bath
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Orange, California 92867
This 4-unit High-Potential Investment Opportunity is listed at $1,950,000, aligning with its $1,950,000 Fair Market Value. Featuring a Condition Rating of 4, this asset offers significant value-add potential through the modernization of dated interiors and the adjustment of below-market rents. The property includes a spacious 3-bedroom owner's unit, 6 total garages, and in-unit washer/dryer hookups. With the adjacent 8-unit potential, this is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental growth in Orange.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 720 N Adele Street Subject | $1,885,000* List Price | 0 | 0 | 4,489 | $420 | - |
A 730 N Adele Street Active | $1,885,000 List Price | 0 | 0 | 4,489 | $420 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this 50+ year old property is well-maintained but significantly dated. The kitchen features original-style wood cabinetry and older laminate countertops, while the bathroom shows a dated vanity and shell-style sink (>30 years old). The presence of a portable AC unit suggests the HVAC system may be inadequate or aged. While functional and move-in ready, the property requires cosmetic updates and system modernizations to reach its full market potential.
With long-term, month-to-month tenants currently paying below-market rates, there is a substantial opportunity to increase rental income and maximize the property's capitalization rate.
The property features a spacious 3-bedroom owner's unit and essential tenant draws, including in-unit washer/dryer hookups and a high parking ratio with six total garages.
The rare opportunity to purchase the adjacent 4-unit building allows an investor to acquire 8 contiguous units, providing management efficiencies and a stronger foothold in a high-demand market.
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 = 8398.
The current below-market rent rolls may result in lower initial yields, requiring the buyer to manage tenant transitions or rent increases to realize the property's full financial potential.
The shared driveway with the neighboring property could lead to potential maintenance disputes or logistical challenges if the two buildings are owned by different parties.
Well-maintained Pride of Ownership 4-unit property located in the highly desirable City of Orange near Villa Park. The adjacent property at 730 Adele is also available for sale, offering a rare opportunity to acquire a total of 8 units. Properties may be purchased together or separately, with the advantage of conforming financing available for each building. Ideally situated near shopping centers, restaurants, parks, schools, and churches, this property benefits from strong tenant demand in a sought-after rental market. Convenient access to the 55, 5, and 91 freeways makes commuting throughout Orange County simple and efficient. The unit mix includes a spacious front owner’s unit featuring 3 bedrooms and 2.5 bathrooms with an attached 2-car garage. Two additional units offer 2 bedrooms and 1.5 bathrooms, along with one upstairs unit featuring 2 bedrooms and 1 bathroom. The property includes a total of 6 garages (2 attached, 4 detached), plus additional parking in front of the garages and a recently added parking space in front of the building. Each unit includes washer and dryer hookups, enhancing tenant convenience. The property is currently occupied by long-term, MONTH TO MONTH TENANTS with below-market rents, presenting a significant opportunity for increased income and future upside. Both 720 and 730 Adele share a common driveway, making this an ideal acquisition for a single buyer seeking scale and long-term investment potential.
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 | 4,489 | 3,187 | 67% |
| Lot Size | 8,276 | 6,970 | 67% |
| Price | $1.89M | $1.31M | 67% |
| Price per sq ft | $420 | $420 | 50% |
| Built year | 1971 | 1964 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 229 | 33% |
Jun 5, 2026
$1,885,000
$1,890,000
+0% Price Increase
Initial Listing
May 18, 2026
$1,890,000
$1,950,000
-3% Price Drop
Initial Listing
Apr 27, 2026
$1,950,000
Initial Listing