$1,995,000
331 N Olive, Orange CA 92866
Multi-Family (Triplex)
Property type
31 days
On market
$825
Price per sqft
0 cars
Garage
2025
Year built
6,600 sqft
Lot size
Open Houses
Overview
IRREPLACEABLE LOCATION in the heart of Old Towne Orange!! Just steps from the campus of Chapman University, placing this property in one of the most desirable, supply constrained rental pockets in the area. This unbeatable proximity drives consistent, year round demand from students, faculty, and young professionals. This unique triplex features three separate structures,...
Listing provided by: Daniel Gomez DRE #02081392 562-318-0214, Younglewin Advisors, Inc.
Listing updated: May 6, 2026 at 01:17pm.
Last checked: Jun 4, 2026 at 01:00pm
Source: CRMLS #PW26097561
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 1 | — | $4,500 | $4,500 | $4,500 | Unfurnished |
| 1 | 2 | 1 | — | $3,795 | $3,795 | $4,000 | Unfurnished |
| 1 | 1 | 1 | — | $2,595 | $2,595 | $2,795 | Unfurnished |
# of Buildings: 3
# of Units Total: 3
Separate Electric Meters: 3
Separate Gas Meters: 1
Separate Water Meters: 2
Rent Control: Yes
Units Leased: 2
Total Actual Rent: $6,390
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
15.3x
List Price / Annual Gross Rent
Cap Rate
4.78%
NOI / List Price
Gross Scheduled Income: $130,680
Vacancy Allowance: $2,614
Vacancy Allowance Rate: 2%
Operating Expense: $32,801
Net Operating Income: $95,265
Annual Operating Expenses
Electric: $0
Gardener: $1,200
Fuel: $0
Insurance: $2,418
Maintenance: $1,500
Pest Control: $495
Professional Management: $5,227
Trash: $0
Water / Sewer: $0
Interior
Laundry: Inside
Entry Location: N Olive St
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Driveway Level
Garage Spaces: 0
Uncovered Spaces: 0
Carport Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 03915303
Additional Parcels: No
Tax Lot: 10
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Dog Park
Nearby Schools
Nearby schools around the 331 N Olive, Orange, CA 92866. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,596,000
Total Interest
$2,035,610
Total Payment
$3,631,610
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,316
per month
Property History for 331 N Olive
Orange Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92866.
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