875 N Olive
Orange, CA 92867
0
Bed
0
Bath
9,715Sqft
19,254Sqft(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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1993 Building Area Total: 9,715 -
Pool Features
NoneLaundry Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.442 -
Lot Size Source: Assessor Lot Size Square Feet: 19254
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Listing Price Information
Original List Price: 5,325,000 Listing Contract Date: 2026-05-20 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 38643419
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Other Property Info
Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: Southwest corner of Glassell and Collins. Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Mixed Use -
Building and Construction
Property Age: 33 Common Walls: 2+ Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2472 N Highwood Road, Orange, CA, 92867 | $2,219,999 | 4 | 3 | 3,508 | 3,508 SqFt |
| 2563 N Falconer, Orange, CA, 92867 | $1,799,000 | 8 | 4 | 3,885 | 3,885 SqFt |
| 6621 E Prescott Court, Orange, CA, 92867 | $2,200,000 | 5 | 4 | 3,533 | 3,533 SqFt |
| 2018 N Lake Mead, Orange, CA, 92867 | $1,779,000 | 4 | 2 | 2,696 | 2,696 SqFt |
| 2503 San Miguel Dr, Orange, CA, 92867 | $2,699,000 | 5 | 4 | 4,352 | 4,352 SqFt |
| 2282 N Rockridge Place, Orange, CA, 92867 | $1,675,000 | 3 | 2 | 2,670 | 2,670 SqFt |
| 2759 N Chauncey, Orange, CA, 92867 | $2,945,887 | 6 | 5 | 6,000 | 6,000 SqFt |
| 2491 N La Colina Court, Orange, CA, 92867 | $3,195,000 | 4 | 4 | 4,190 | 4,190 SqFt |
| 1467 N Kathleen, Orange, CA, 92867 | $1,549,998 | 4 | 2 | 2,020 | 2,020 SqFt |
| 1492 N Kathleen, Orange, CA, 92867 | $1,895,000 | 5 | 3 | 3,101 | 3,101 SqFt |
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ByOwner last updated this listing 06/05/2026 @ 22:43
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