Active

331 N Olive

Orange, CA 92866
Mark as Favorite
Bed 6

Bed

Bath 3

Bath

SqFt2,418

Sqft

SqFt6,600

Sqft(Lot)

IRREPLACEABLE LOCATION in the heart of Old Towne Orange!! Just steps from the campus of Chapman University, placing this property in one of the most desirable, supply constrained rental pockets in the area. This unbeatable proximity drives consistent, year round demand from students, faculty, and young professionals. This unique triplex features three separate structures, offering an ideal unit mix for both stable cash flow and rental flexibility. The front home showcases classic Old Towne 1920s charm with a 3 bed, 1 bath layout and a recently renovated interior. The second unit is a 1 bed, 1 bath garage conversion completed in 2022, while the rear unit is a brand new ground up 2 bed, 1 bath build completed in 2025 providing low maintenance, modern construction rarely found in this hist oric neighborhood. Additional highlights include a shared yard, in-unit laundry, and an exceptional 91 Walk Score, with dining, retail, and entertainment just outside your door. The layout and location also make this property well suited for a home based or home occupational business, offering flexibility for owner users seeking a live/work environment in a high traffic area near campus. Ideal for owner users, 1031 exchange buyers, or investors seeking a turnkey asset in a premier location with strong rental upside and long-term appreciation potential.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $1,995,000

AD Id : 77976079

MLS Id : PW26097561

Beds : 6

Lot Size : 6,600 Sqft

Living Area Size : 2,418

Year Built : 2025

County : Orange

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 2025 Building Area Total: 2,418
  • Pool Features

    None

    Laundry Features

    Inside

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1515
  • Lot Size Source: Assessor Lot Size Square Feet: 6600

  • Listing Price Information

    Original List Price: 1,995,000 Listing Contract Date: 2026-05-05
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 03915303 Tax Year: 2026 Annual Tax: 21961

  • Garage and Parking

    Garage Description: Driveway Level

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: All Utilities

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: OTO - Old Towne Orange Directions: Intersection of Palm Ave & Glassell St. Directly Across from Chapman University Source Property Type: Residential Income Area: OTO - Old Towne Orange Property SubType: Triplex
  • Building and Construction

    Property Age: 1 Common Walls: No Common Walls Structure Type: Triplex Year Built Source: Assessor Entry Level: 1 Entry Location: N Olive St Levels or Stories: One Building Total Stories: 1
Sell a home like this and save $119,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/05/2026 @ 20:18

MLS: PW26097561 LISTED BY: Daniel Gomez, Younglewin Advisors, Inc. 562-318-0215 SOURCE: CRMLS

Selling? Save $119,201 when you sell a home like this

Tour with a ByOwner Agent