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875 N Olive, Orange, CA 92867

Orange
Local realty services provided by:CENTURY 21 Fort Bragg Realty
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:61 day(s) ago
  • Updated:July 21, 2026 at 11:02 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:$5,265,000
  • Price per sq. ft.:$541.95

Parking

  • Total parking spaces:17
  • Garage:Yes
  • Garage spaces:5
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Fort Bragg Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Fort Bragg Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Paul Clark

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