Active
$1,700,000
4 Units
8 Beds
8 Baths
3,580 Area(sq.ft.)
Lot: 7,405 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 2,100 | $ 2,100 | $ 2,700 |
| Unit 2 | 1 | 2 | 2 | No | $ 2,000 | $ 2,000 | $ 2,700 |
| Unit 3 | 1 | 2 | 2 | No | $ 2,700 | $ 2,700 | $ 2,700 |
| Unit 4 | 1 | 2 | 2 | No | $ 2,700 | $ 2,700 | $ 2,700 |
| 4 | 8 | 8 | $ 9,500 | $ 9,500 | $ 10,800 |
| MLS #: | CV25083425MR |
| Days On Market: | 228 |
| Listing Date: | April 21, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 475 |
| Price per unit: | $ 425,000 |
| Year Built: | 1979 |
Property Details
"Vision is the art of seeing opportunity before it becomes obvious." TRUST SALE! Welcome to 2660 N Bourbon St, Orange a premium 4-plex in one of the most desirable and rock-solid rental markets in Orange County. This low-maintenance, high-demand investment sits in a neighborhood celebrated for strong tenant retention, steady rental demand, and unbeatable access to freeways, shopping, dining, and essential services. Tucked away on a quiet, low-traffic street, this pride-of-ownership property delivers 4 spacious units, each offering 2 beds and 2 full baths, plus kitchen, dining, living rooms, and private outdoor spaces patios for ground-floor units and balconies for the uppers. Each unit features in-unit laundry, central A/C, its own private 1-car garage, and access to 3 extra uncovered parking spaces. Utility setup? Absolutely ideal: 5 water meters (yes, 5!), 4 gas meters, and 5 electric meters, keeping tenants responsible for nearly all utilities except trash, exterior lighting, and sprinkler water. Bonus: two long-term tenants recently vacated, opening the door to lease at market rates or upgrade for even bigger returns. Units may lease during escrow call for the latest. For peace of mind, the property is being sold as-is, free and clear of termites with Section 1 clearance done and paid for by the seller, plus a 1-year upgraded home warranty (buyer s choice) included. With smart layouts, separate utilities, great amenities, two units ready for action, and a killer location, 2660 N Bourbon St offers a rare chance to grab a top-performing, income-generating asset in the heart of Orange County s rental powerhouse.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 7,948 |
| Net Operating Income: | $ 102,773 |
| Cap Rate: | 6.66% |
| Gross Rent Multiplier: | 14.91 |
| Actual Gross Rent: | $ 9,500 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks, Suburban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Expiration Year: | 2063 |
| Land Lease Type: | Lease |
| Parking Garage: | Assigned, Garage, Garage - 1 Car |
Interior
| Cooking Appliances: | Oven-Gas, Range |
| AC/Cooling: | Central, ENERGY STAR Qualified Equipment |
| Equipment: | Dishwasher, Electric Dryer Hookup, Hookup - Electric, Inside, Washer Hookup |
| Heating: | Central, ENERGY STAR Qualified Equipment |
| Fireplace Rooms: | None |
| Laundry: | Electric Dryer Hookup, Hookup - Electric, Inside, Washer Hookup |
| Laundry Income: | 0.00 |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Composition, Shingle |
| Spa: | No |
Detailed Map
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