Homes for sale - 2031 W Palmyra AVE, Orange, CA 92868

$1,455,000

$1,475,000 1.4%

Est. payment - /mo

7,405 Sqft Lot

UPDATED:

Key Details

Sold Price $1,455,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP25080247

Sold Date 05/09/25

HOA Y/N No

Year Built 1964

Lot Size 7,405 Sqft

Property Sub-Type Triplex

Property Description

Presenting West Palmyra Apartments: a prime investment property in a high-demand Orange County rental market. Located within a desirable, low-density suburb of the City of Orange, this asset benefits from exceptional freeway access (5, 22, 57). The property features a well-balanced unit mix of highly rentable one-bedroom townhome-style units and a large three-bedroom single-story residence. All units are currently occupied at excellent rental rates, underscoring strong tenant demand. Key features include in-unit washer/dryer hookups and private enclosed patios, ensuring tenant satisfaction and retention. The inclusion of 3 garage and 2 open parking spaces further enhances the property's appeal. This is an opportunity to acquire a well-maintained, income-producing property in a blue-chip location!

This property can be sold separately or in addition to 2041 W. Palmyra, totaling 6 Units.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area, Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Suburban

Total Parking Spaces 5

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 39022231

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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Listed by Randall Mycorn R L M Equities 949-573-5309
Bought with Ying Chou K.W. EXECUTIVE

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Betty Torano

+1(619) 851-6028

Agent | License ID: 01922296

Agent License ID: 01922296

2031 W Palmyra AVE Orange, CA 92868