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Listed by Annie Lee, DRE #01968283 • Premier Realty
$1,695,000
Est. payment /mo
7,841 Sqft Lot
Price Dropped by $105K
1918 E Del Mar Orange, CA 92865
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW26101770
Year Built 1968
Lot Size 7,841 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Excellent investment opportunity in the highly desirable City of Orange. This well-maintained fourplex features an attractive unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 2-bath units, offering strong tenant demand and long-term rental stability. Current gross monthly income is approximately $10,055, plus additional income from onsite community coin laundry. All units are occupied by long-term tenants with a strong payment history, providing immediate and stable cash flow from day one. Each unit is separately metered for gas and electricity, helping minimize owner expenses and maximize operational efficiency. The property also offers excellent parking with five garage spaces and additional onsite parking, a valuable feature rarely found in multifamily properties of this size. Recent capital improvements include replacement furnaces in Units A and B, a commercial-sized water heater, and updated common area electrical timer systems. Ideally located near The Village at Orange, major shopping, dining, schools, employment centers, and convenient access to the 55, 57, and 91 freeways. Strong rental demand, stable in-place income, and future rental upside make this a compelling opportunity for both seasoned and first-time multifamily investors. Rar
Location
State CA
County Orange
Area 699 - Not Defined
Rooms
Kitchen Refrigerator, Oven - Gas
Interior
Heating Forced Air
Cooling Window / Wall Unit
Laundry Community Facility
Exterior
Parking Features Assigned Spaces, Garage
Garage Spaces 8.0
Pool None
Building
Lot Description Grade - Level, Paved
Water District - Public
Others
Tax ID 37213110
Special Listing Condition Not Applicable
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