875 N Olive, Orange, CA — listing photo 1
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FOR SALE

875 N Olive

Orange, CA 92867
19,254 Lot Sq Ft
Built 1993
$5,265,000
Price ReducedWas $5,325,000 — $5,265,000 (-$60,000)

Property 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 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.

Home Details

Property type
Residential Income - Mixed Use
Year built
1993
Lot size
19,254 sq ft
Parking
17 spaces
Garage
5 spaces
Stories
2
Days on market
54
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Six To Ten Units Acre

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

875 N Olive

Orange, CA 92867

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Frequently Asked Questions About 875 N Olive

Property type: Residential Income

The current asking price is $5,265,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 875 N Olive. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1993. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Orange, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Orange property.
The MLS currently reports the property as Active. It has been listed for 54 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Randall Mycorn
MLS ID: NP61181

Available property

$5,265,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.