Keegan Cin | Realtor® | License # DRE 01971604

Property

Orange, CA 92866 331 N Olive

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Presented By: Daniel Gomez with Younglewin Advisors, Inc.; 562-266-7629
  • MLS# PW26097561
  • 05/05/2026
  • Request Tour
  • Request Info
  • Baths • 1
  • SQFT • 2,418
  • Year Built • 2025

Home Details

IRREPLACEABLE LOCATION in the heart of Old Towne Orange!! Just steps from the campus of Chapman University, placing this property in one of the most desirable, supply constrained rental pockets in the area. This unbeatable proximity drives consistent, year round demand from students, faculty, and young professionals. This unique triplex features three separate structures, offering an ideal unit mix for both stable cash flow and rental flexibility. The front home showcases classic Old Towne 1920s charm with a 3 bed, 1 bath layout and a recently renovated interior. The second unit is a 1 bed, 1 bath garage conversion completed in 2022, while the rear unit is a brand new ground up 2 bed, 1 bath build completed in 2025 providing low maintenance, modern construction rarely found in this historic neighborhood. Additional highlights include a shared yard, in-unit laundry, and an exceptional 91 Walk Score, with dining, retail, and entertainment just outside your door. The layout and location also make this property well suited for a home based or home occupational business, offering flexibility for owner users seeking a live/work environment in a high traffic area near campus. Ideal for owner users, 1031 exchange buyers, or investors seeking a turnkey asset in a premier location with strong rental upside and long-term appreciation potential.
Presented By: Daniel Gomez with Younglewin Advisors, Inc.; 562-266-7629

Interior Features for 331 N Olive

Other Interior Features

Common WallsNo Common Walls
Laundry FeaturesInside
Total Stories1

Other Rooms

Entry Level1

General for 331 N Olive

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.78
Carport Spaces
CityOrange
Community FeaturesBiking, Dog Park
CountyOrange
DirectionsIntersection of Palm Ave & Glassell St. Directly Across from Chapman University
Electric Expense
Entry LocationN Olive St
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income130680
HOANo
HOA Fee$
Insurance Expense2418
Land Lease Y/NNo
LevelsOne
Listing TermsContract
Lot Size Square Feet6600
Lot Size UnitsSquare Feet
MLS AreaOTO - Old Towne Orange
MaintenanceExpense1500
Net Operating Income95265
New ConstructionNo
Number Of Units Total3
Number of Units Leased2
Open Parking Spaces0
Operating Expense32801
Pool FeaturesNone
PostalCityORANGE
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount21961
Tax Lot10
Tax Year2026
Tenant PaysAll Utilities
Total Actual Rent6390
Trash Expense0
Water Sewer Expense0
Year Built2025
Year Built SourceAssessor

Exterior for 331 N Olive

Building Area Total2418
Lot Features0-1 Unit/Acre
Lot Size Acres0.1515
Lot Size Area6600
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters1
Number of Separate Water Meters2
Parking FeaturesDriveway Level
Private PoolNo
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Justin Hughey

Price $1,995,000
MLS#PW26097561
List Date 05/05/2026
Property Type Multi-Family
Request Tour
Request Info

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