5 unit apartment RARE opportunity in historic Olde Town Orange community, surrounded by single family homes (El Sondra Apartment Homes). This historic property was built in 1922 as the original migrant farming housing. Completely gut renovated in 2022 with amazing finishes, new electrical, plumbing (including main line sewer), roof, min-split AC’s, tankless water heater, kitchens and baths (taken down to the studs). Craftsman home in the front that was redesigned for sf and functional improvements including 3 bedrooms and 2 full baths. Attached to the main house are two 1 bedroom/1 bathroom apartments. The rear structure has two 1 bedroom/1 bathroom units. The 2 car garage is detached and has laundry owned inside. Besides the uniqueness of having a multifamily property in a SFR neighborhood, this property lines wrap around the corner house giving additional sf for a great common area in the rear including hot tub and landscape furniture (dining table, chaise lounge chairs) with green screening and overhead lights. This type of property will never happen again in this community. I bought it and re-developed for my daughter and 12 girlfriends while attending Chapman (walkable to campus and the Orange circle of restaurants and services). She/they graduated and we leased up the property to market rates. Construction plans available. Mills Act possible for buyer (property tax savings). Buyer to verify all.
Property Details
Price:
$3,200,000
MLS #:
NDP2501382
Status:
Active
Baths:
0
Address:
181 N Waverly Street
Type:
Residential Income
Neighborhood:
otooldtowneorange
City:
Orange
Listed Date:
Feb 12, 2025
State:
CA
ZIP:
92866
Lot Size:
7,504 sqft / 0.17 acres (approx)
Year Built:
1922
See this Listing
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Schools
Interior
Accessibility Features
None
Appliances
Dishwasher, Disposal, Gas Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Refrigerator, Tankless Water Heater
Exterior
Community Features
Sidewalks
Garage Spaces
2.00
Lot Features
Front Yard, Lawn, Irregular Lot
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Mutual Water Companies
Financial
Association Fee
0.00
Map
Community
- Address181 N Waverly Street Orange CA
- AreaOTO – Old Towne Orange
- CityOrange
- CountyOrange
- Zip Code92866
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181 N Waverly Street
Orange, CA
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