875 N Olive, Orange, CA 92867

Orange
Local realty services provided by:ERA North Orange County Real Estate
875 N Olive,Orange, CA 92867
$5,265,000
  • - 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:$5,265,000
  • Price per sq. ft.:$541.95

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:106 day(s) ago
  • Updated:August 28, 2026 at 02:39 PM

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:$5,265,000
  • Price per sq. ft.:$541.95

Parking

  • Total parking spaces:17
  • Garage:Yes
  • Garage spaces:5
Based on information from California Regional Multiple Listing Service, Inc. as of September 4, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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