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219 S Esplanade St 12 Unit Apartment Building $5,562,741 CAD ($463,562 CAD/Unit) Orange, CA 92869
INVESTMENT HIGHLIGHTS
- Large Patios
- Centrally located
- Exposed beam Ceilings
EXECUTIVE SUMMARY
4 building / 12 Townhouse-style Units over two parcels with great opportunity for renovation and income upside.
Located near the 55 Freeway / Chapman Ave, in close proximity to Chapman University / local services.
One unit is currently occupied by an onsite manager, living rent-free
One unit was recently upgraded with Vinyl windows / flooring and shaker-style cabinets in kitchen / baths
Remainder of units are in varying states of quality / condition
Each unit is just under 900 sq ft and features a large patio, 2 bedrooms / 1.5 bath
Each Unit is separately metered for gas / electric - owner pays water
Located near the 55 Freeway / Chapman Ave, in close proximity to Chapman University / local services.
One unit is currently occupied by an onsite manager, living rent-free
One unit was recently upgraded with Vinyl windows / flooring and shaker-style cabinets in kitchen / baths
Remainder of units are in varying states of quality / condition
Each unit is just under 900 sq ft and features a large patio, 2 bedrooms / 1.5 bath
Each Unit is separately metered for gas / electric - owner pays water
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$304,534
|
$28.42
|
| Other Income |
$8,684
|
$0.81
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$313,218
|
$29.23
|
| Taxes |
$38,275
|
$3.57
|
| Operating Expenses |
$79,115
|
$7.38
|
| Total Expenses |
$117,390
|
$10.95
|
| Net Operating Income |
$195,828
|
$18.27
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $304,534 |
| Annual Per SF | $28.42 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,684 |
| Annual Per SF | $0.81 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $313,218 |
| Annual Per SF | $29.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $38,275 |
| Annual Per SF | $3.57 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $79,115 |
| Annual Per SF | $7.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $117,390 |
| Annual Per SF | $10.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $195,828 |
| Annual Per SF | $18.27 |
PROPERTY FACTS
| Price | $5,562,741 CAD | Building Class | C |
| Price Per Unit | $463,562 CAD | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 10,716 SF |
| Sale Condition | Deferred Maintenance | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R-2 - Multiple-Family Residential | ||
| Price | $5,562,741 CAD |
| Price Per Unit | $463,562 CAD |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 10,716 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | R-2 - Multiple-Family Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Patio
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 12 | - | 840 |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,769,839 CAD (2025) | |
| Land Assessment | $2,237,887 CAD (2025) | Annual Taxes | $38,275 CAD ($3.57 CAD/SF) |
| Improvements Assessment | $531,952 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,237,887 CAD (2025)
Improvements Assessment
$531,952 CAD (2025)
Total Assessment
$2,769,839 CAD (2025)
Annual Taxes
$38,275 CAD ($3.57 CAD/SF)
Tax Year
2024
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219 S Esplanade St
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