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219 S Esplanade St 12 Unit Apartment Building $3,985,000 ($332,083/Unit) Orange, CA 92869
INVESTMENT HIGHLIGHTS
- Large Patios
- Centrally located
- Exposed beam Ceilings
EXECUTIVE SUMMARY
4 building / 12 Townhouse-style Units over two parcels with great opportunity for renovation and income upside.
Located near the 55 Freeway / Chapman Ave, in close proximity to Chapman University / local services.
One unit is currently occupied by an onsite manager, living rent-free
One unit was recently upgraded with Vinyl windows / flooring and shaker-style cabinets in kitchen / baths
Remainder of units are in varying states of quality / condition
Each unit is just under 900 sq ft and features a large patio, 2 bedrooms / 1.5 bath
Each Unit is separately metered for gas / electric - owner pays water
Located near the 55 Freeway / Chapman Ave, in close proximity to Chapman University / local services.
One unit is currently occupied by an onsite manager, living rent-free
One unit was recently upgraded with Vinyl windows / flooring and shaker-style cabinets in kitchen / baths
Remainder of units are in varying states of quality / condition
Each unit is just under 900 sq ft and features a large patio, 2 bedrooms / 1.5 bath
Each Unit is separately metered for gas / electric - owner pays water
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$218,160
|
$20.36
|
| Other Income |
$6,221
|
$0.58
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$224,381
|
$20.94
|
| Taxes |
$27,419
|
$2.56
|
| Operating Expenses |
$56,676
|
$5.29
|
| Total Expenses |
$84,095
|
$7.85
|
| Net Operating Income |
$140,286
|
$13.09
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $218,160 |
| Annual Per SF | $20.36 |
| Other Income | |
|---|---|
| Annual | $6,221 |
| Annual Per SF | $0.58 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $224,381 |
| Annual Per SF | $20.94 |
| Taxes | |
|---|---|
| Annual | $27,419 |
| Annual Per SF | $2.56 |
| Operating Expenses | |
|---|---|
| Annual | $56,676 |
| Annual Per SF | $5.29 |
| Total Expenses | |
|---|---|
| Annual | $84,095 |
| Annual Per SF | $7.85 |
| Net Operating Income | |
|---|---|
| Annual | $140,286 |
| Annual Per SF | $13.09 |
PROPERTY FACTS
| Price | $3,985,000 | Building Class | C |
| Price Per Unit | $332,083 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 10,716 SF |
| Sale Condition | Deferred Maintenance | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R-2 - Multiple-Family Residential | ||
| Price | $3,985,000 |
| Price Per Unit | $332,083 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 10,716 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | R-2 - Multiple-Family Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Patio
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 12 | - | 840 |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,973,157 (2025) | |
| Land Assessment | $1,594,209 (2025) | Annual Taxes | $27,419 ($2.56/SF) |
| Improvements Assessment | $378,948 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,594,209 (2025)
Improvements Assessment
$378,948 (2025)
Total Assessment
$1,973,157 (2025)
Annual Taxes
$27,419 ($2.56/SF)
Tax Year
2024
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219 S Esplanade St
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