2660 N Bourbon St - Apartments FOR SALE


Orange, CA 92865
$1,700,000 USD
626-324-0388
2660 N Bourbon St, Orange, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/39
null | 6.2% Cap Rate

2660 N Bourbon St
Orange, CA 92865


HIGHLIGHTS

  • PRIME ORANGE COUNTY LOCATION.- Low traffic residential neighborhood with strong tenant retention and consistent rental demand.
  • Turn-Key 4Plex Investment: Four spacious 2 suite units, fully occupied, offering immediate cash flor with no deferred maintenance.
  • High Rental Income Potential: current GSI of $103,800 ($2000, $2100, $2650, $2650).
  • Immediate Cash Flow: Fully rented. 2 units leased at market rent, and 2 around 30% below, making this an ideal opportunity to maximize profits.
  • Excellent Accessibility : Proximity to 55 and 91 fwys with access to shopping, dining, services and markets enhancing tenant retention.
  • Individually metered: 5 water meters, 4 gas and 5 electric. A dream set up for investors.

OVERVIEW

Welcome to 2660 N Bourbon St, Orange—a premium 4-plex in one of the most desirable and rock-solid rental markets in Orange County. This low-maintenance, high-demand investment sits in a neighborhood celebrated for strong tenant retention, steady rental demand, and unbeatable access to freeways, shopping, dining, and essential services. Tucked away on a quiet, low-traffic street, this pride-of-ownership property delivers 4 spacious units, each offering 2 beds and 2 full baths (2 master suites), plus kitchen, dining, living rooms, and private outdoor spaces—patios for ground-floor units and balconies for the uppers. Each unit features in-unit laundry, central A/C, its own private 1-car garage, and 1 uncovered assigned parking space. Utility setup? Absolutely ideal: 5 water meters (yes, 5!), 4 gas meters, and 5 electric meters, keeping tenants responsible for nearly all utilities except trash, exterior lighting, and sprinkler water. For peace of mind, the property is being sold as-is, free and clear of termites with Section 1 clearance done and paid for by the seller, plus a 1-year upgraded home warranty (buyer’s choice) included. With smart layouts, separate utilities, great amenities, two units ready for action, and a killer location, 2660 N Bourbon St offers a rare chance to grab a top-performing, income-generating asset in the heart of Orange County’s rental powerhouse. This 4-plex benefits from a highly favorable land lease structure—part of a well-managed master lease that covers neighboring 4-plexes and a retail center with a market, boosting long-term neighborhood stability. With over 38 years left on a 99-year lease and a crazy-low rate of just $273 per month ($819.77 quarterly), investors enjoy rock-bottom holding costs, no HOA, and enhanced cash flow—a strong alternative to fee simple ownership that boosts NOI and long-term value.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$475 USD /SF

# OF UNITS

4

PRICE/UNIT

$425,000

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bourbon 4Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,427 SF

ZONING

-

APN/PARCEL ID

374-541-28

ASK ABOUT THIS PROPERTY

Enrique Vasquez-PlazaCentury 21 MastersMore Info
626-324-0388

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Enrique Vasquez-PlazaCentury 21 MastersMore Info
626-324-0388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.