Orange, CA 92865 2562 N Bourbon Street

2562 N Bourbon Street Orange, CA - Image 12562 N Bourbon Street Orange, CA - Image 22562 N Bourbon Street Orange, CA - Image 3
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2562 N Bourbon Street Orange, CA - Image 42562 N Bourbon Street Orange, CA - Image 5
Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PW25088225
  • 04/22/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 3
  • Baths • 2
  • SQFT • 4,417
  • Garage • 5

Home Details

2562 N. Bourbon Street, an exceptional opportunity to acquire a well-maintained four-unit multifamily property, ideally located in the vibrant city of Orange. THIS PROEPRTY IS FEE SIMPLE, NOT A LAND LEASE. 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.
Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com

Interior Features for 2562 N Bourbon Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 2562 N Bourbon Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.4
Carport Y/NNo
CityOrange
Community FeaturesCurbs, StreetLights, Sidewalks
CoolingWallWindowUnits
CountyOrange
Current FinancingNone
DirectionsSouth of Lincoln Avenue/West of N. Tustin Street
Electric Expense405.0
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense1654.0
Garage Spaces5.0
Garage Y/NYes
Gross Income103020.0
HOANo
Home Warranty Y/NNo
Insurance Expense4417.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan, Exchange1031
Lot Size Square Feet6757.0
Lot Size UnitsSquareFeet
MLS Area75 - Orange, Orange Park Acres E of 55
MaintenanceExpense2998.0
MobileHomeRemainsYNNo
Net Operating Income64352.0
New ConstructionNo
Number Of Units Total4
Open Parking Spaces1.0
Operating Expense35577.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Subdivision NameUnknwon
Tax Annual Amount19561.0
Tax Lot18
Tax Year2025
Taxes$19,913
Total Actual Rent8485.0
Trash Expense1397.0
Water Sewer Expense2493.0
Year Built1965
Year Built SourceEstimated

Exterior for 2562 N Bourbon Street

Building Area Total4417.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped, StreetLevel
Lot Size Acres0.1551
Lot Size Area6757.0
Lot Size SourceEstimated
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,785,000
MLS#PW25088225
List Date 04/22/2025
Property Type Multi-Family
Phone 714.742.6515
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