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875 N Olive

Orange, CA 92867
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Bed 0

Bed

Bath 0

Bath

SqFt9,715

Sqft

SqFt19,254

Sqft(Lot)

875 N. Olive St. represents a rare, pride-of-ownership turnkey asset delivering an exceptionally high cap rate in the coveted Orange market. The property features ten original 1993-built, dual-master 2-bed/2-bath units with AC, all tastefully renovated and leased in 2025. Maximizing the asset's footprint, five single-car garages were fully permitted and converted into two brand-new units completed in 2026: a 2-bed/2-bath unit and an ADA-compliant 1-bed/1-bath unit. Investors will benefit from immediate stabilized cash flow with minimal deferred maintenance, anchored by a brand-new, energy-efficient central boiler system. Situated just north of Chapman Avenue, the property boasts a premier location steps from the historic Old Towne Orange Circle, offering tenants convenient access to loc al dining, retail, and entertainment. Its proximity to Chapman University provides a reliable, high-quality tenant pool, while nearby access to the Orange Metrolink Station and major freeways ensures excellent regional connectivity. This low-maintenance, high-yield asset is ideally positioned for a 1031 exchange or a private capital investor seeking a premium North Orange County multifamily property.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,325,000

AD Id : 78975480

MLS Id : NP26109126

Lot Size : 19,254 Sqft

Living Area Size : 9,715

Year Built : 1993

Garage : 5

County : Orange

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Feature Features

  • Building Information

    Year Built: 1993
    Building Area Total: 9715
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 19254 Lot Size Acres: 0.442 Lot Size Source: Assessor Lot Size Square Feet: 19,254 Lot Description: 6-10 Units/Acre

  • Listing Price Information

    Listing Price: $5325000
    Cash, Cash to New Loan, 1031 Exchange

  • Tax Information

    Parcel Number: 38643419 Tax Lot: 1 Tax Block: G

  • Parking Information

    Parking Total: 17

    Garage Information

    Has Garage: Yes Garage Space: 5

  • Location Information

    Direction: Southwest corner of Glassell and Collins. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2472 N Highwood Road, Orange, CA, 92867 $2,075,000 4 4 3,508 3,508 SqFt
2563 N Falconer, Orange, CA, 92867 $1,799,000 8 4 3,885 3,885 SqFt
7565 E Crown Pkwy, Orange, CA, 92867 $1,450,000 5 3 2,812 2,812 SqFt
2302 N Chelsey Ct, Orange, CA, 92867 $1,371,688 4 2 2,190 2,190 SqFt
6710 E Bonita Court, Orange, CA, 92867 $1,890,000 4 2 3,211 3,211 SqFt
6621 E Prescott Court, Orange, CA, 92867 $2,100,000 5 4 3,533 3,533 SqFt
2018 N Lake Mead, Orange, CA, 92867 $1,749,000 4 2 2,696 2,696 SqFt
1825 Orange Park, Orange, CA, 92867 $2,200,000 5 4 3,350 3,350 SqFt
2503 San Miguel Dr, Orange, CA, 92867 $2,699,000 5 4 4,352 4,352 SqFt
5322 E Gabrielle Lane, Orange, CA, 92867 $2,899,995 4 3 3,560 3,560 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/26/2026 @ 07:47

MLS: NP26109126 LISTED BY: Randall Mycorn, R L M Equities 949-573-5309 SOURCE: CRMLS

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