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219 S Oak Street

Orange, CA 92866
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Bed 9

Bed

Bath 7

Bath

SqFt21,168

Sqft(Lot)

Rare Opportunity: Two Orange Fourplexes on Two Expansive Separate Lots - Conventional Residential Financing Available – No Commercial Loan Required! 219 & 229 S. Oak Street present an exceptionally rare opportunity to acquire two contiguous fourplexes being sold together. 219 Oak was built in 1967 and 229 Oak was built in 1957. Each property consists of only four residential units, each building qualifies for its own conventional conforming residential financing, eliminating the need for commercial financing and providing investors with more attractive lending options. Together, the properties comprise 8 apartment units situated on two separate parcels totaling approximately 21,168 square feet. This unique offering allows an investor to benefit from the economies of scale associated with a larger apartment investment while maintaining the flexibility and financing advantages of owning two separate four-unit properties. Each fourplex consists of three 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, with approximately 2,738 square feet of living space per building. Located at the end of a cul-de-sac, the two buildings face one another across a beautifully landscaped shared courtyard enclosed by a classic white picket fence. This charming cottage-style setting creates exceptional curb appeal and provides residents with an inviting community atmosphere rarely found in apartment properties. Situated in one of Orange County's most desirable rental markets, this offering combines strong tenant appeal, long-term investment stability, and outstanding upside potential. Residents enjoy amenities that have become increasingly difficult to find in today's rental market: Private enclosed garages with metal roll-up doors and automatic openers One dedicated parking space directly in front of each garage In-unit washer/dryer hookups and Individual water heaters in each unit Private concrete patios and enclosed yard areas accessed through sliding glass doors From an ownership perspective, the properties offer an efficient expense structure. Residents pay for their own natural gas service, there are no house gas or house electric meters, and owner-paid expenses are generally limited to water, trash, and landscaping. In addition, new electrical subpanels have recently been installed, providing a valuable capital improvement. Opportunities to acquire adjacent fourplexes of this quality and scale in such a prime Orange location are exceptionally rare.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,190,000

AD Id : 89044545

MLS Id : OC26168756

Beds : 9

Lot Size : 21,168 Sqft

Year Built : 1967

Garage : 8

County : Orange

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace

  • Building Information

    Year Built: 1967
    Building Area Total: 5476
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 21168 Lot Size Acres: 0.486 Lot Size Source: Assessor Lot Size Square Feet: 21,168 Lot Description: ZeroToOneUnitAcre,CulDeSac,SprinklerSystem

  • Listing Price Information

    Listing Price: $3190000
    Cash, CashToNewLoan, Conventional

  • Tax Information

    Parcel Number: 39049109 Tax Lot: 12

  • Parking Information

    Parking Total: 16

    Garage Information

    Has Garage: Yes Garage Space: 8

  • Location Information

    Direction: E Chapman Ave and S Tustin St WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
337 343 N Magnolia Street, Orange, CA, 92866 $3,450,000 10 6 4,976 4,976 SqFt
333 335337 E La Veta, Orange, CA, 92866 $1,624,000 4 3 --

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ByOwner last updated this listing 08/17/2026 @ 18:44

MLS: OC26168756 LISTED BY: Scott Gerard, Gerard Properties Inc. 714-964-9602 SOURCE: CRMLS

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