Mixed Use for sale in Southern California — $5,265,000. 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 unit…
$5,265,000
875 N Olive, Orange, CA 92867
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.
Listing updated: July 13, 2026 at 3:16 PM
Listed by: Randall Mycorn, R L M Equities
Source: CRMLS, MLS#: NP26109126, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
7/13/2026 Source: CRMLS, #NP26109126 | Price change | $5,265,000-1.1% |
| 5/20/2026Source: CRMLS, #NP26109126 | Listed for sale | $5,325,000 |
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