Home | Orange County | Orange | 92867 | 875 N Olive
MLS: CRNP26109126 | Status: | Price: $5,325,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 19,254 | 1993 |
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.
| Field | Value |
|---|---|
| MLS # | CRNP26109126 |
| MLS Source | California Regional MLS |
| Days on Site | 14 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 5 Car(s) |
Randall Mycorn
R L M Equities
License #: 02078223
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Richland Continuation High School | public | 9-12 | 0.33 mi | 1 |
| Orange High School | public | 9-12 | 0.50 mi | 5 |
| Yorba Middle School | public | 7-8 | 0.59 mi | 6 |
| California Elementary School | public | K-6 | 0.69 mi | 7 |
| Cambridge Elementary School | public | K-6 | 0.80 mi | 2 |
| Sycamore Elementary School | public | K-6 | 1.03 mi | 6 |
| Portola Middle School | public | 7-8 | 1.20 mi | 5 |
| Taft Elementary School | public | K-6 | 1.25 mi | 7 |
| West Orange Elementary School | public | K-6 | 1.36 mi | 5 |
| Palmyra Gate Magnet | public | K-6 | 1.47 mi | 7 |
| Handy Elementary School | public | K-6 | 1.48 mi | 7 |
| OUSD Home School | public | K-12 | 1.90 mi | 4 |
| OUSD Community Day School | public | 7-12 | 1.90 mi | N/A |
| OUSD EDGE Virtual Academy | public | K-12 | 1.93 mi | 9 |
| Rop-Career Education | public | UG | 1.93 mi | N/A |
| Fairhaven Elementary School | public | K-6 | 1.94 mi | 7 |
| Fletcher Mandarin Language & Gate Academy | public | K-6 | 1.97 mi | 9 |
| Guinn (James M.) Elementary School | public | K-6 | 2.13 mi | 3 |
| Serrano Elementary School | public | K-6 | 2.21 mi | 8 |
| Prospect Elementary School | public | K-6 | 2.25 mi | 5 |
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This listing information is up-to-date as of May 21, 2026. For the most current information, please contact Randall Mycorn.