$5,325,000
875 N Olive, Orange CA 92867
Multi-Family (12 Units)
Property type
16 days
On market
$548
Price per sqft
5 cars
Garage
1993
Year built
19,254 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Randall Mycorn DRE #02078223, R L M Equities
Listing updated: May 21, 2026 at 12:03am.
Last checked: Jun 3, 2026 at 06:01pm
Source: CRMLS #NP26109126
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 7 | 2 | 2 | — | $2,805 | $19,635 | $2,805 | Unfurnished |
| 3 | 2 | 2 | — | $2,650 | $7,950 | $2,805 | Unfurnished |
| 1 | 2 | 2 | — | $2,600 | $2,600 | $2,600 | Unfurnished |
| 1 | 1 | 1 | — | $2,200 | $2,200 | $2,200 | Unfurnished |
# of Buildings: 2
# of Units Total: 12
Separate Electric Meters: 13
Separate Gas Meters: 11
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
13.0x
List Price / Annual Gross Rent
Cap Rate
5.56%
NOI / List Price
Gross Scheduled Income: $410,051
Vacancy Allowance Rate: 3%
Operating Expense: $101,463
Net Operating Income: $307,433
Annual Operating Expenses
Electric: $2,000
Gardener: $2,400
Fuel: $3,412
Insurance: $8,295
Maintenance: $11,648
New Taxes: $58,952
Professional Management: $0
Trash: $6,216
Water / Sewer: $6,271
Other Expense: $2,269
Interior
Laundry: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 5
Uncovered Spaces: 12
Parking Total: 17
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 38643419
Additional Parcels: No
Tax Lot: 1
Tax Block: G
Community
Senior Community: No
Community Features: Suburban
Nearby Schools
Nearby schools around the 875 N Olive, Orange, CA 92867. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,260,000
Total Interest
$5,433,395
Total Payment
$9,693,395
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$32,623
per month
Property History for 875 N Olive
Orange Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92867.
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