337-343 N Magnolia St 4 Unit Apartment Building $4,903,243 CAD ($1,225,811 CAD/Unit) 5.42% Cap Rate Orange, CA 92866

The Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire 337-343 North Magnolia Street, a four-unit residential property located in the City of Orange, California. The property features a rare single-family-style rental profile, consisting of three newly constructed 3-bed/2-bath homes with large loft space built in 2026 and one 4-bed/2-bath home that was originally constructed in 1950 and fully renovated in 2025.
The three newly constructed homes have never been lived in and feature modern interior finishes, dramatic 16-foot vaulted ceilings, spacious loft areas, in-unit laundry, private entrances, yards/patios, and all-electric systems with individual metering. The original 4-bed/2-bath home has been fully remodeled and includes a new HVAC system, offering an updated residence that complements the newly constructed units.
The property is further enhanced by no shared walls, eight on-site parking spaces, individual water heaters, solar serving the three newly constructed units, new sewer laterals for all four homes, an expected 80% water utility reimbursement through RUBS, and individual trash billing directly to the City. These features help create a highly functional rental property with modern tenant amenities and a streamlined operating structure.
Located near Chapman University and Old Towne Orange, the property offers residents convenient access to two of the city’s most important demand drivers.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*