875 N Olive, Orange, CA 92867
List Price: $5.26M
Listing Status: Active
Original List Price: $5.33M
0Days on Market: 54
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1993
Lot Size: 19,254 sq ft
Garage Spaces: 5
Private Pool: Yes
MLS Number: NP26109126
About This Property
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 local 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.
Listing provided by: Randall Mycorn DRE #02078223 949-573-5309 randall@rlmequities.com, R L M Equities
Source: CRMLS, MLS #: NP26109126
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.