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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
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 |
AMENITIES
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 | - | - |
Walk Score®
Very Walkable (73)
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
MAP
ADDITIONAL PHOTOS
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