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Sold on 07/03/2026
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937 E Palmyra Ave, Orange, CA 92866

  • $1,420,000

    Last sold 07/03/2026 after 20 Days

  • 4

    bed

  • 3

    bath

  • 1,903

    Sqft ($746/Sqft)

Multi-family not for sale
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About 937 E Palmyra Ave

Property type Multi-family
Neighborhood
Year built 1946
HOA fee $0/month
Lot size 8,020 Sqft
Parking 4 garage spaces
Property description
Three units include a detached 2BD/1BA single-family home, a 2BD/1BA, and a non-conforming studio in a well-located Orange neighborhood minutes from Old Town and the CA-55/CA-22 interchange. In-unit laundry and central A/C in the single-family home. Lease up at market rates and the numbers move immediately. Current in-place rents approximately 33% below market, offering significant upside potential upon lease-up.
Listed by
Listing Agent - Daniel Blackwell
Listing Office - CB Richard Ellis, Inc.
Source: The MLS mls logo
MLS#26846909 • last updated 16 hours ago
Movoto checked The MLS for data 41 minutes ago
Overview
Levels/Style Two
MLS # 26846909
Type Residential Income
Status Sold
SqFt 1903
Lot Size (SqFt) 8020
Lot Size (Acres) 0.19
Year Built 1946
Interior
Total # of Baths 3
Total # of Bedrooms 4
Exterior
# Garage Spaces 4
# Parking Spaces 4
Parking Desc Garage
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Orange
APN 390-461-10
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 1300
Unit 1: Projected Rent 3300
Unit 1: # Beds 2
Unit 1: Rent 3300
Unit 2: Rent 1775
Unit 3: Rent 625
Unit 2: Furnished No
Unit 2: Projected Rent 2850
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 1775
Unit 3: Actual Rent 625
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 3300
Total # Of Buildings 2
Net Operating Income 41707
Vacancy Rate 3%
Gross Income 68400
Gross Operating Income 66348
Gross Rent Multiplier 21.05
Total Annual Expenses 24641
We are not permitted to show value estimates for this property.
  • Jul 2026
    mls logo MLS # 26846909
  • Jul 30, 2026 Sold
    $1,420,000 (-1.4%)
  • Jul 3, 2026 Active
    —
  • Jun 12, 2026 Listed
    $1,440,000 (+76.7%)
  • May 2005
    mls logo MLS # P421602
  • May 2, 2005 Sold
    $815,000
  • Oct 4, 2004 Listed
    $850,000
  • May 2005
    Public Records
  • May 2, 2005 Sold
    $815,000 (-4.1%)
  • 937 E Palmyra Ave
    $1.42M
  • Old Towne Orange
    $1.24M
  • 92866
    $999K -9% y/y
  • Orange
    $1.04M -2% y/y
No chart available
Statistics calculated by Movoto

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7/10
Palmyra Elementary School
public Grades K-6
Orange Unified School District
6/10
Yorba Middle School
public Grades 6-8
Orange Unified School District
5/10
Orange High School
public Grades 9-12
Orange Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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