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417 N Citrus St 2 Unit Apartment Building Offered at $2,408,086 CAD at a 4.05% Cap Rate Orange, CA 92868
Investment Highlights
- (2) Single-Story SFR on One Lot
- (1) 4B/2B & (1) 2B/1B Floorplans
- Residential Financing Available
- Newly Constructed Single-Family Residence
- Each Unit Has Outdoor Space Available & Washer/Dryer Hookups
- Student Housing Opportunity Located Near Chapman University
Executive Summary
417 N. Citrus Street presents a rare opportunity to acquire two detached single-family residences on one parcel in the City of Orange. The property mix has an original four-bedroom/two-bathroom front home and a newly constructed two-bedroom/one-bathroom ADU. The property qualifies for owner-occupied residential financing and both units are individually metered with tenants paying all utilities. Proximity to Chapman University, CHOC Hospital, and St. Joseph Hospital drives consistent rental demand, with direct freeway access to the 5, 22, 55, 57, and 91.
Property Facts
| Price | $2,408,086 CAD | Property Type | Multifamily |
| Price Per Unit | $1,204,043 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,150 SF |
| Cap Rate | 4.05% | No. Stories | 1 |
| Gross Rent Multiplier | 17.33 | Year Built | 1950 |
| No. Units | 2 | Parking Ratio | 1.86/1,000 SF |
| Price | $2,408,086 CAD |
| Price Per Unit | $1,204,043 CAD |
| Sale Type | Investment |
| Cap Rate | 4.05% |
| Gross Rent Multiplier | 17.33 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 2,150 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.86/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $7,103 CAD | 1,401 |
| 2+1 | 1 | $4,475 CAD | 749 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
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417 N Citrus St
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