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1918 E Del Mar

Orange, CA 92865
  • $1,500,000
  • STATUS: Closed
  • ON SITE: 148 Days
  • ID#: DW26101770
Sold - 10/05/2026
$1,500,000
SOLD - 10/05/2026
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

Listing Agent(s): Annie Lee of Premier Realty (714-732-2170) and Ethan Baik of ()


Description

Excellent investment opportunity in the highly desirable City of Orange. This well-maintained fourplex features an attractive unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 2-bath units, offering strong tenant demand and long-term rental stability.Current gross monthly income is approximately $10,055, plus additional income from onsite community coin laundry. All units are occupied by long-term tenants with a strong payment history, providing immediate and stable cash flow from day one.Each unit is separately metered for gas and electricity, helping minimize owner expenses and maximize operational efficiency. The property also offers excellent parking with five garage spaces and additional onsite parking, a valuable feature rarely found in multifamily properties of this size.Recent capital improvements include replacement furnaces in Units A and B, a commercial-sized water heater, and updated common area electrical timer systems.Ideally located near The Village at Orange, major shopping, dining, schools, employment centers, and convenient access to the 55, 57, and 91 freeways. Strong rental demand, stable in-place income, and future rental upside make this a compelling opportunity for both seasoned and first-time multifamily investors.Rarely does a fourplex in such a desirable Orange location offer this combination of unit mix, parking, income stability, and long-term investment potential.

Sold by Jaime Liu of Keller Williams Realty Irvine.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-07T23:30:26.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/176319331
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1918 E Del Mar Orange, CA 92865

  • Price: $1,695,000
  • Status: Closed
  • On Site: 148 Days
  • Updated: 25 min ago
  • ID#: DW26101770
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1968
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
Excellent investment opportunity in the highly desirable City of Orange. This well-maintained fourplex features an attractive unit mix of one spacious 3-bedroom, 2-bath unit and three 2-bedroom, 2-bath units, offering strong tenant demand and long-term rental stability.Current gross monthly income is approximately $10,055, plus additional income from onsite community coin laundry. All units are occupied by long-term tenants with a strong payment history, providing immediate and stable cash flow from day one.Each unit is separately metered for gas and electricity, helping minimize owner expenses and maximize operational efficiency. The property also offers excellent parking with five garage spaces and additional onsite parking, a valuable feature rarely found in multifamily properties of this size.Recent capital improvements include replacement furnaces in Units A and B, a commercial-sized water heater, and updated common area electrical timer systems.Ideally located near The Village at Orange, major shopping, dining, schools, employment centers, and convenient access to the 55, 57, and 91 freeways. Strong rental demand, stable in-place income, and future rental upside make this a compelling opportunity for both seasoned and first-time multifamily investors.Rarely does a fourplex in such a desirable Orange location offer this combination of unit mix, parking, income stability, and long-term investment potential.
Exterior Features

Construction Materials Concrete Entry Level 1 Entry Location 1 Lot Features LevelPavedRectangular Lot Number Of Separate Electric Meters 4 Open Parking Spaces 3 Parking Features AssignedGarage Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved

Interior Features

Appliances Gas OvenRefrigerator Common Walls 2+ Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Buyer Financing Cash Cap Rate 5.7 Common Interest Community Apartment Community Features Sidewalks Current Financing Conventional Electric Standard Electric Expense 103 Garage YN Yes Gross Income 140400 Gross Scheduled Income 140400 Insurance Expense 5298 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 102647 New Construction YN No New Taxes Expense 22320 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 37753 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 10055 Trash Expense 2767 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 2131 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-07T23:30:26.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Annie Lee of Premier Realty (714-732-2170) and Ethan Baik of ()