875 N Olive, Orange, CA 92867

Orange
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
875 N Olive,Orange, CA 92867
$5,325,000
  • - Beds
  • - Baths
  • 9,715 sq. ft.
  • Multi-family
  • Active
Listed by: randall mycorn
Office: r l m equities949-573-5309
MLS#:NP26109126
Source:CRMLS

Price summary

  • Price:$5,325,000
  • Price per sq. ft.:$548.12

About this home

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...

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Home facts

  • Year built:1993
  • Listing ID #:NP26109126
  • Added:48 day(s) ago
  • Updated:July 08, 2026 at 10:34 AM

Rooms and interior

  • Living area:9,715 sq. ft.

Structure and exterior

  • Year built:1993
  • Building area:9,715 sq. ft.
  • Lot area:0.44 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,325,000
  • Price per sq. ft.:$548.12

Parking

  • Total parking spaces:17
  • Garage:Yes
  • Garage spaces:5
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