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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 open 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 incom e potential in a highly desirable location. The proximity to University / College ensures a steady stream of potential tenants. Located near Old Town Orange, known for its historic charm and vibrant atmosphere. Clos to shopping, dining and entertainment 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.