1918 E Del MarOrange, CA 92865

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. Rarely does a fourplex in such a desirable Orange location offer this combination of unit mix, parking, income stability, and long-term investment potential.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1968

Stories

2

Building area

4,302 Sq Ft

Lot size

0.18 acres

Garage spaces

5

Parking spaces

8

Days on market

137

MLS^® Listing#

DW26101770

Property Features

Appliances

Gas Oven · Refrigerator

Cooling

Wall/Window Unit(s)

Heating

Forced Air

Fireplace

None

Pool

None

Parking

Assigned · Garage

Laundry

Common Area

Lot features

Level · Paved · Rectangular Lot

Construction

Concrete

Community

Sidewalks

Utilities

Electricity Available · Electricity Connected · Natural Gas Available · Natural Gas Connected · Sewer Available · Sewer Connected · Water Available · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

37213110

Directions

55 Fwy Exit to Katella