2660 N Bourbon Street
Orange, CA, 92865
$1,700,000
Beds
0 Baths
SqFt
0.17 Acres
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TRUST SALE! Welcome to 2660 N Bourbon St, Orange — a premium 4-plex in one of the most desirable and stable rental markets in Orange County. This low-maintenance, high-demand investment is located in a neighborhood known for strong tenant retention, consistent rental demand, and excellent proximity to freeways, shopping, dining, and essential services. Set on a quiet, low-traffic street, this pride-of-ownership property offers 4 spacious units, each with **2 beds and 2 full baths**, plus kitchen, dining and living rooms, and private outdoor space — patios for ground-floor units and balconies for upper units. Each unit includes in-unit laundry, central A/C, a private 1-car garage, and access to 3 additional uncovered parking spaces. The utility setup is ideal: 5 water meters (yes, 5!), 4 gas meters, and 5 electric meters, allowing tenants to cover all utilities except trash, outdoor lighting, and sprinkler water. Two of our great long-term tenants recently vacated, offering a rare opportunity to lease at market rates or upgrade for even stronger returns. Units may lease during escrow — call for current status. As with many properties in Orange, CA, this 4-plex benefits from a highly favorable land lease structure. It is part of a professionally managed master lease that includes neighboring 4-plexes and an adjacent retail strip mall with a market, contributing to long-term neighborhood stability. With over 38 years remaining on a 100-year lease and a remarkably low rate of $273 per month ($819.77 quarterly), investors enjoy reduced holding costs, no HOA fees, and enhanced cash flow — a compelling alternative to traditional fee simple ownership that improves NOI and long-term value. For added peace of mind, the property is being sold as-is, free and clear of termites with Section 1 clearance already completed by the seller, and includes a 1-year upgraded home warranty (buyer’s choice). With desirable layouts, individual utilities, attractive amenities, 2 vacant units, and a prime location, 2660 N Bourbon St offers a rare opportunity to own a high-performing, income-generating asset in the heart of one of Southern California’s most dependable rental corridors.

Property Details

Price:
$1,700,000
MLS #:
CV25083425
Status:
Active
Baths:
0
Address:
2660 N Bourbon Street
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
Orange Hill ORHL
Neighborhood:
72orangegardengroveeofharbornof22f
City:
Orange
Listed Date:
Apr 21, 2025
State:
CA
ZIP:
92865
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1979
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Interior

Accessibility Features
None
Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Water Heater
Cooling
Central Air, E N E R G Y S T A R Qualified Equipment
Fireplace Features
None
Flooring
Carpet, Laminate, Tile, Vinyl
Heating
Central, E N E R G Y S T A R Qualified Equipment
Interior Features
Copper Plumbing Full, Living Room Balcony, Unfurnished

Exterior

Community Features
Curbs, Gutters, Sidewalks, Suburban
Electric
Standard
Fencing
None
Foundation Details
Slab
Garage Spaces
4.00
Lot Features
Level with Street, Lot 6500-9999, Rectangular Lot, Paved, Sprinklers In Front
Parking Features
Assigned, Garage, Garage Faces Side, Garage – Single Door
Parking Spots
7.00
Pool Features
None
Roof
Composition, Membrane, Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Neighborhood
Water Source
Public

Financial

Association Fee
0.00
Lease Land Amount
$273
Lease Land Frequency
Monthly
Tenant Pays
All Utilities, Electricity, Gas, Sewer, Water
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

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Community

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2660 N Bourbon Street
Orange, CA