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$2,200,000   Price Analysis
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402 W Fairway Dr
Orange, CA 92866
9 bed 8 bath 4,800 SqFt ($458/SqFt)
8,276SqFt lot. Built 1962
Listed 2023-10-11, Taxes $14,535
Ⓧ USDA Ineligible
due to price & location

near Orange

This impressive quadruplex presents a prime investment opportunity near the heart of Old Town Orange.

This property offers both convenience and potential. Property Features; Four units total, including three big 2-bedroom, 2-bathroom units and one generous 3-bedroom, 2-bathroom unit all with their own enclosed patios. Well-maintained interiors with ample living space, each unit features comfortable living areas and kitchens.

Private garages for tenants convenience. This quadruplex is a smart addition to your investment portfolio, offering steady rental income potential in a highly desirable location. The proximity to University / College ensures a steady stream of potental tenants. Located near Old Town Orange, known for its historic charm and vibrant atmosphere. Close to shopping, dining and e ntertainment options.


Presented by Enrique Triana at
Realty ONE Group West.


Property MLS #PW23151168 from CRMLS

Bedrooms: 9

Copper Plumbing Full

Laundry

Laundry Features: Common Area

Full Bathrooms: 8

Fireplace Features: Primary Bedroom, Patio

Lot Description: Level
Lot Size Acres: 0.1899908
Lot Size Source: Assessor
Lot Size Square Feet: 8276

Garage Spaces: 4
Parking Features: Parking YN: Yes, Parking Features: Garage, Garage - Single Door
Parking Total: 4

Number of Units: 4
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0

Number of Units Leased: 4

Community Features: Sidewalks, Street Lights, Urban

Source Listing Status: Active
County: Orange
Other Expense: 1083.00
Source Property Type: Residential Income
Insurance Expense: 225.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 39063117
Postal Code Plus 4: 3077
Trash Expense: 276.00
Zoning: R-M-7
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$244,669 + $1,043,090
$1,287,759
$14,535
2021$239,872 + $1,022,637
$1,262,509
$14,133
2020$237,413 + $1,012,151
$1,249,564
$14,001
2019$232,758 + $992,305
$1,225,063
$13,827
2018$228,195 + $972,848
$1,201,043
$13,616
2017$223,721 + $953,773
$1,177,494
$13,056
2016$211,324 + $905,451
$1,116,775
$12,415
2015$208,150 + $891,850
$1,100,000
$12,233
2014$208,150 + $781,321
$989,471
$11,053
2013$207,210 + $777,790
$985,000
$11,029
2012$207,210 + $681,733
$888,943
$9,986
2011$203,148 + $668,365
$871,513
$9,723
2010$201,630 + $663,370
$865,000
$9,591
2009$201,630 + $859,578
$1,061,208
$11,521
2008$197,677 + $842,723
$1,040,400
$11,273
2007$193,801 + $826,199
$1,020,000
$10,953

Listed 2023-10-11
$2,200,000
CRMLS
Sold 2006-04-28
$1,000,000
Public Record
Sold 1989-12-06
$450,000
Public Record
Sold 1984-06-27
$248,000
Public Record

Net Operating Income: 5613.67

Total Square Feet Living: 4800
Year Built: 1962
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front Door
Property Age: 62
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor

Electric Expense: 240.00
Sewer: Sewer: Sewer Paid, Water Sewer Expense: 162.50
Cable Available
Electricity Connected
Natural Gas Connected
Phone Available
Sewer Connected
Water Connected
Water Source: Public

Parking

Fairhaven Elementary School is a public elementary school located approximately 0.5 miles away.
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Portola Middle School is a public middle school located approximately 1.1 miles away.
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Orange High School is a public high school located approximately 1.4 miles away.
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Holy Family Elementary School is a private elementary and middle school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.