875 Olive, Orange CA 92867 | $5,325,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 19254 Lot Sq Ft
  • Type: Commercial/Residential
  • Stories: 2
  • Year Built: 1993
  • MLS#: NP26109126
  • Community: 699 - Not Defined

Listing provided courtesy of Randall Mycorn of R L M Equities. Last updated 2026-05-26 08:11:28.000000. Listing information © 2026 SANDICOR.

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 ensures excellent regional connectivity. This low-maintenance, high-yield asset is ideally positioned for a 1031 exchange or a private capital investor seeking a premium North Orange County multifamily property.

More Details

0.44 Acres
2 Stories

Cristopher Crozier

Call or Text: 760.626.2600