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2911 N Orange Olive

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Address: 2911 N Orange Olive Rd, Orange, CA 92865, USA

California & West + Apartment Buildings

Created date: July 6, 2024

Date last updated: September 20, 2024

Property Description

INVESTMENT SUMMARYOffered for the first time in 45 years, this is an incredibly unique opportunity to buy a quality generational asset in the heart of Orange County, CA. Priced to sell, the deal presents a buyer with a number of opportunities, including a great basis for an owner-user, huge upside for an investor to raise rents to market in less than 4 years, or a covered land play due to the flexible zoning which allows for a multitude of development plays including industrial, multifamily and commercial.
INVESTMENT HIGHLIGHTSUnincorporated Orange County - Flexible M1 (H) Zoning DesignationRedevelopment Opportunity - Industrial, Multifamily (Affordable Housing) and Commercial Developments all at playCovered Land Play with in-place income while you entitle the site for redevelopmentYear 1 Cap Rate – 5.72%Year 2 Cap Rate – 5.91%Year 3 Cap Rate – 6.11%Year 4 Cap Rate – 7.54%Pro Forma Cap Rate - 8.36%

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$2,600,000
Average Occupancy:	5.72%
Lot Size:	21,300.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here