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Sold on 07/21/2025
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2562 N Bourbon St, Orange, CA 92865

$1,779,000

Last sold 07/21/2025 for $1.75M

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    bed

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    bath

Multi-family not for sale

About 2562 N Bourbon St

Property type Multi-family
Year built 1965
HOA fee $0/month
Lot size 6,757 Sqft
Movoto estimate
Parking 5 garage spaces
Rental estimate
Property description
2562 N. Bourbon Street, an exceptional opportunity to acquire a well-maintained four-unit multifamily property, ideally located in the vibrant city of Orange. THIS PROEPRTY IS FEE SIMPLE, NOT A LAND LEASE. Built in 1968, this income-producing asset features a desirable mix of spacious 2 and 3 bedroom units, each averaging over 1,100 square feet — offering tenants comfortable, home-like living in a highly sought-after rental market. Some of the property amenities include an onsite laundry facility, patios/balconies, and wall A/C. Perfectly situated near popular retail centers, restaurants, schools, and churches, the property enjoys strong local demand and tenant appeal. Commuters will appreciate the convenient access to the 55, 5, and 91 Freeways, making travel throughout Orange County and beyond a breeze. This is an ideal opportunity for investors seeking steady cash flow, future upside potential, and pride of ownership in a prime location. With a highly motivated seller, this property won't last long.
Listed by
Listing Agent - Rick Applebaum
Listing Agent Contact: Rma@morganskenderian.com
Listing Office - Morgan Skenderian
Source: CRMLS mls logo
MLS#PW25088225 • last updated 1 year ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Active
Lot Size (Acres) 0.1551
Lot Size (SqFt) 6757
Property Tax 19561
Year Built 1965
Interior
Laundry Community
Exterior
Building Area Square Feet, 4417
# Uncovered Spaces 1
# Parking Spaces 6
# Garage Spaces 5
Lot Description Landscaped, Level With Street, Lot 6500-9999
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Orange
Community Features Curbs, Sidewalks, Street Lights
Subdivision Unknwon, Other (OTHR)
Directions South Of Lincoln Avenue/West Of N. Tustin Street
APN 37446228
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 3090
Expense: Trash 1397
Laundry Income 100
Operating Expense 35577
Cap Rate 3.4
Expense: Insurance 4417
Total Expenses 35577
Expense: Maintenance 2998
Expense: Water/ Sewer 2493
Gross Income 103020
Gross Operating Income 99929
Expense: Electric 405
Gross Multiplier 17.33
Gross Scheduled Income 103020
Expense: Fuel 1654
Expense: Gardener 1200
$1.77M
Range: $1.61M-$1.93M
Last 30 days 
Rental est.: $1,938/month
Gross rent multiplier: 75.2
  • Jul 2025
    mls logo MLS # PW25088225
  • Jul 22, 2025 Sold
    $1,750,000
  • Jun 23, 2025 Active
    —
  • Apr 22, 2025 Listed
    $1,785,000
  • Jul 2025
    Public Records
  • Jul 21, 2025 Sold
    $1,750,000 (-2.0%)
  • Nov 2022
    Public Records
  • Nov 22, 2022 Sold
    $1,785,000
  • Nov 2022
    mls logo MLS # OC22155188
  • Nov 22, 2022 Sold
    $1,785,000
  • Jun 6, 2022 Listed
    $1,850,000
  • Nov 2022
    mls logo MLS # OC22134139
  • Nov 22, 2022 Sold
    $1,785,000
  • Sep 22, 2022 Price Change
    $1,785,000 (+0.6%)
  • Aug 11, 2022 Price Change
    $1,775,000 (-4.1%)
  • Jun 6, 2022 Listed
    $1,850,000
  • Year Property taxes Tax assessment
  • 2024
    $20,317 +2.3%
    $1,820,700 +2.0%
  • 2023
    $19,869 +96.8%
    $1,785,000
  • 2022
    $10,095 +86.9%
    $1,785,000 +107.27%
  • 2021
    $5,402 +1.0%
    $861,187 +104.05%
  • 2020
    $5,351 +1.1%
    $422,048 +3.06%
  • 2019
    $5,293 +5.4%
    $409,531 +2.0%
  • 2017
    $5,019 +1.9%
    $401,501 +4.04%
  • 2016
    $4,928 +1.5%
    $385,911
  • 2015
    $4,856
    —
  • 2562 N Bourbon St
    $1.75M
  • $1.24M
  • 92865
    $968K 0% y/y
  • Orange
    $1.09M +5% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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