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- LoopNet Team
858 N Olive St
Orange, CA 92867
Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Building Size | 3,089 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 4.53/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | R3 - Residential Multiple Family | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,089 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 4.53/1,000 SF |
| Zoning | R3 - Residential Multiple Family |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 858 N OLIVE ST , ORANGE, CA 92867
CBRE, as the exclusive listing agent, is pleased to present for sale the Olive Street Apartment Homes, a multifamily property of 12 units in Orange, California. The property is in a strong rental market near the intersection of Glassell Street and Collins Avenue. Built in 1957/1958, the Olive Street Apartment Homes consists of 6,648 rentable square feet on a 13,300-square foot lot. The unit mix includes 3 one-bedroom/one bath and 1 two-bedroom/one bath units in the single story building, and 4 one-bedroom/one bath and 4 two-bedroom/one bath units in the two story building. There is approximately 28% upside in rents allowing for an investor to significantly grow their overall return on investment. This asset sits 0.7 miles from Chapman University, 1 mile from the Orange Circle and 2.5 miles from the Platinum Triangle. It also benefits from its easy access to the 55, 57, 22 and 5 freeways.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $1,053 | 510 - 520 |
| 2+1 | 5 | $1,293 | 609 - 611 |
PROPERTY TAXES
| Parcel Number | 386-433-11 | Improvements Assessment | $610,194 |
| Land Assessment | $3,183,624 | Total Assessment | $3,793,818 |
PROPERTY TAXES
