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417 N Citrus St 2 Unit Apartment Building $1,695,000 ($847,500/Unit) 4.05% Cap Rate Orange, CA 92868
Investment Highlights
- (2) Single-Story SFR on One Lot
- (1) 4B/2B & (1) 2B/1B Floorplans
- Residential Financing Available
- Newly Constructed Single-Family Residence
- Each Unit Has Outdoor Space Available & Washer/Dryer Hookups
- Student Housing Opportunity Located Near Chapman University
Executive Summary
417 N. Citrus Street presents a rare opportunity to acquire two detached single-family residences on one parcel in the City of Orange. The property mix has an original four-bedroom/two-bathroom front home and a newly constructed two-bedroom/one-bathroom ADU. The property qualifies for owner-occupied residential financing and both units are individually metered with tenants paying all utilities. Proximity to Chapman University, CHOC Hospital, and St. Joseph Hospital drives consistent rental demand, with direct freeway access to the 5, 22, 55, 57, and 91.
Property Facts
| Price | $1,695,000 | Property Subtype | Apartment |
| Price Per Unit | $847,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.05% | Building Size | 2,150 SF |
| Gross Rent Multiplier | 17.33 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 1.86/1,000 SF |
| Price | $1,695,000 |
| Price Per Unit | $847,500 |
| Sale Type | Investment |
| Cap Rate | 4.05% |
| Gross Rent Multiplier | 17.33 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,150 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.86/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $5,000 | 1,401 |
| 2+1 | 1 | $3,150 | 749 |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 039-012-17 | Improvements Assessment | $195,695 |
| Land Assessment | $868,443 | Total Assessment | $1,064,138 |
Property Taxes
Parcel Number
039-012-17
Land Assessment
$868,443
Improvements Assessment
$195,695
Total Assessment
$1,064,138
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417 N Citrus St