Active
$1,785,000
4%
4 Units
9 Beds
5 Baths
4,417 Area(sq.ft.)
Lot: 6,757 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 2,575 | $ 2,575 | $ 3,200 |
| Unit 2 | 1 | 2 | 1 | No | $ 1,970 | $ 1,970 | $ 2,700 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,915 | $ 1,915 | $ 2,700 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,025 | $ 2,025 | $ 2,700 |
| 4 | 9 | 5 | $ 8,485 | $ 8,485 | $ 11,300 |
| MLS #: | PW25088225MR |
| Days On Market: | 227 |
| Listing Date: | April 22, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 404 |
| Price per unit: | $ 446,250 |
| Year Built: | 1965 |
Property Details
2562 N. Bourbon Street, an exceptional opportunity to acquire a well-maintained four-unit multifamily property, ideally located in the vibrant city of Orange. THIS PROEPRTY IS FEE SIMPLE, NOT A LAND LEASE. Built in 1968, this income-producing asset features a desirable mix of spacious 2 and 3 bedroom units, each averaging over 1,100 square feet offering tenants comfortable, home-like living in a highly sought-after rental market. Some of the property amenities include an onsite laundry facility, patios/balconies, and wall A/C. Perfectly situated near popular retail centers, restaurants, schools, and churches, the property enjoys strong local demand and tenant appeal. Commuters will appreciate the convenient access to the 55, 5, and 91 Freeways, making travel throughout Orange County and beyond a breeze. This is an ideal opportunity for investors seeking steady cash flow, future upside potential, and pride of ownership in a prime location. With a highly motivated seller, this property won't last long.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 99,929 |
| Total Annual Expense: | $ 35,577 |
| Net Operating Income: | $ 64,352 |
| Cap Rate: | 3.4% |
| Gross Rent Multiplier: | 17.33 |
| Actual Gross Rent: | $ 8,485 |
Structure
| Community Features: | Curbs, Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Laundry: | Community |
| Laundry Equipment: | Lease |
| Laundry Income: | 100.00 |
Exterior
| Pool: | No |
Detailed Map
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