Listed by Randall Mycorn, R L M Equities, (949) 573-5309
875 N Olive St
Orange, CA 92867
- Studio
- 9,715 sqft (on 0.44 acres)
Studio
9,715 sqft
(on 0.44 acres)
Local Information
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Description
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.
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.
Home Highlights
Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
$548
Listed
12 days ago
Home Details for 875 N Olive St
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Appliances & Utilities Laundry: None |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Number of Stories: 2Entry Location: 1 |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 5Number of Covered Spaces: 5Open Parking Spaces: 12Has a GarageParking Spaces: 17Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Days on Market: 12 |
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Year Built Year Built: 1993 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Mixed Use |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 38643419 |
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Price List Price: $5,325,000Price Per Sqft: $548 |
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MLS Status: Active |
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Direction & Address City: Orange |
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Listing Agent Listing ID: NP26109126 |
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Building Area Building Area: 9715 Square Feet |
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Community Features: SuburbanNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 0.44 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan, 1031 Exchange |
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Has Rent Control |
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Mls Number: NP26109126Living Area Range Units: Square FeetAttribution Contact: 949-573-5309Common Interest: NoneUniversal Property Id: US-06059-N-38643419-R-N |
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SuburbanSource Internet Entire Listing Display |
Last check for updates: about 4 hours ago
Listing Provided by: Randall Mycorn DRE #02078223, (949) 573-5309
R L M Equities
Originating MLS: California Regional MLS
Source: CRMLS, MLS#NP26109126

Also Listed on CRMLS.
Price History for 875 N Olive St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/21/2026 | $5,325,000 | Listed For Sale | CRMLS #NP26109126 |
| 03/26/2025 | $3,115,000 | Sold | CRMLS #OC25036781 |
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Comparable Sales for 875 N Olive St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.29 | Multi-Family Home | $2,895,000 | 12/19/25 | 12 | 10 | 6,175 | |
0.07 | Multi-Family Home | $1,300,000 | 09/25/25 | 21 | 6 | 4,575 | |
0.33 | Multi-Family Home | $1,975,000 | 11/14/25 | 7 | 4 | 2,030 | |
0.18 | Multi-Family Home | $1,000,000 | 01/09/26 | 4 | 3 | 2,340 | |
1.38 | Multi-Family Home | $1,970,000 | 04/02/26 | 12 | 6 | 5,142 | |
1.19 | Multi-Family Home | $1,840,000 | 03/26/26 | 6 | 5 | 4,000 | |
1.15 | Multi-Family Home | $1,550,000 | 09/25/25 | 5 | 3 | 2,820 | |
0.99 | Multi-Family Home | $1,050,000 | 12/12/25 | 4 | 2 | 1,583 | |
1.22 | Multi-Family Home | $1,335,000 | 12/08/25 | 5 | 2 | 2,096 | |
1.21 | Multi-Family Home | $1,405,000 | 08/13/25 | 5 | 5 | 2,378 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 875 N Olive St.
What Locals Say about Orange
At least 910 Trulia users voted on each feature.
90 % Say it's dog friendly
89 % Say there are sidewalks
82 % Say car is needed
78 % Say there's holiday spirit
70 % Say streets are well-lit
69 % Say yards are well-kept
69 % Say people would walk alone at night
67 % Say it's walkable to restaurants
62 % Say parking is easy
60 % Say it's walkable to grocery stores
58 % Say it's quiet
57 % Say kids play outside
56 % Say they plan to stay for at least 5 years
53 % Say neighbors are friendly
48 % Say there's wildlife
32 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Randall Mycorn, R L M Equities
Agent Phone: (949) 573-5309

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
875 N Olive St, Orange, CA 92867 is a studio, 9,715 sqft multi-family built in 1993. This property is currently available for sale and was listed by CRMLS on May 21, 2026. The MLS # for this home is MLS# NP26109126.

