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2562 N Bourbon St 4 Unit Apartment Building $1,850,000 ($462,500/Unit) 3.44% Cap Rate Orange, CA 92865

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INVESTMENT HIGHLIGHTS

Well Maintained Orange 4 Plex
Accessible to the 55, 5 & 91 Freeways for Easy Commuter Access
2 and 3 Bedroom Units

Great Rental Location near Retail, Restaurants, Churches and Schools
Average Unit Size of 1,100+ SF
Highly Motivated Seller

EXECUTIVE SUMMARY

This is an exceptional opportunity to acquire a well-maintained four-unit multifamily property, ideally located in the vibrant city of Orange. 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.

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$101,820	$21.32
Other Income	$1,200	$0.25
Vacancy Loss	$3,090	$0.65
Effective Gross Income	$99,930	$20.93
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$36,264	$7.59
Net Operating Income	$63,666	$13.33

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$101,820
Annual Per SF	$21.32

Other Income
Annual	$1,200
Annual Per SF	$0.25

Vacancy Loss
Annual	$3,090
Annual Per SF	$0.65

Effective Gross Income
Annual	$99,930
Annual Per SF	$20.93

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$36,264
Annual Per SF	$7.59

Net Operating Income
Annual	$63,666
Annual Per SF	$13.33

PROPERTY FACTS

Price	$1,850,000	Apartment Style	Garden
Price Per Unit	$462,500	Lot Size	0.16 AC
Sale Type	Investment	Building Size	4,775 SF
Cap Rate	3.44%	Average Occupancy	100%
Gross Rent Multiplier	17.96	No. Stories	2
No. Units	4	Year Built	1965
Property Type	Multifamily	Parking Ratio	1.26/1,000 SF
Property Subtype	Apartment	Zoning	R3

Price	$1,850,000
Price Per Unit	$462,500
Sale Type	Investment
Cap Rate	3.44%
Gross Rent Multiplier	17.96
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Lot Size	0.16 AC
Building Size	4,775 SF
Average Occupancy	100%
No. Stories	2
Year Built	1965
Parking Ratio	1.26/1,000 SF
Zoning	R3

UNIT AMENITIES

Air Conditioning
Balcony
Dishwasher

Disposal
Fireplace

Heating
Ceiling Fans

Range
Patio

SITE AMENITIES

Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
2+1	3	-	-
3+2	1	-	-

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Walk Score®

Very Walkable (73)

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PROPERTY TAXES

Parcel Number	374-462-28	Improvements Assessment	$175,696
Land Assessment	$1,645,004	Total Assessment	$1,820,700

PROPERTY TAXES

Parcel Number

374-462-28

Land Assessment

$1,645,004

Improvements Assessment

$175,696

Total Assessment

$1,820,700

(949) 500-5099

CONTACTS

Rick Applebaum
Paul Espinosa
Garrett Blair
Morgan-Skenderian Investment Real Estate Group

Listing ID: 35609001
Date on Market: 4/23/2025
Last Updated:
Address: 2562 N Bourbon St, Orange, CA 92865

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