125 N Fir Street, Orange, California 92868, Orange, - bed, bath

home-pic
ACTIVE$1,299,000
125 N Fir Street, Orange, California 92868
6Beds
3Baths
3,332Sqft
7,710Lot
Year Built
1960
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25109051
Home ConditionFair
Features
View-

About this home

Prime Investment Opportunity in Orange! This well-maintained triplex is ideally located in a highly desirable area of Orange—just minutes from shopping, schools, and major freeways, making it a consistently in-demand rental property. Vacancy is never an issue, with multiple applicants for each unit whenever available. The property features three spacious single-level 2-bedroom, 1-bath units, each with its own detached 1-car garage and additional driveway parking. Tenants enjoy the convenience of separate gas and electric meters, helping keep operating costs low for the owner. The low-maintenance grounds feature minimal grass and no trees near the structures—making upkeep simple and cost-effective. Whether you're a seasoned investor or looking to start your real estate portfolio, this income-producing property offers stable returns and room for upside. Don’t miss out on this rare opportunity in one of Orange’s most accessible neighborhoods!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds60
20%
Baths30
0%
Square foot3,3322,564
80%
Lot Size7,7107,405
80%
Price$1.3M$1.3M
50%
Price per square foot$390$539
20%
Built year19601964
20%
HOA
Days on market170208
20%
Condition Rating
Fair

The property was built in 1960. The listing description mentions that the property is well-maintained, but the images show the exterior is aged. It's likely that the units have been maintained through regular upkeep and occasional updates, but are outdated. Therefore, a 'fair' condition score is appropriate.
Pros & Cons

Pros

Prime Location: Located in a highly desirable area of Orange, close to shopping, schools, and freeways, ensuring high tenant demand.
Consistent Rental Demand: Property experiences minimal vacancy with multiple applicants for each unit, providing stable income.
Unit Configuration: Features three spacious single-level 2-bedroom, 1-bath units, appealing to a broad tenant base.
Separate Utilities: Each unit has separate gas and electric meters, reducing operating costs for the owner.
Low-Maintenance Grounds: Minimal grass and no trees near the structures simplify upkeep and reduce maintenance expenses.

Cons

Year Built: Built in 1960, the property may require updates to meet modern tenant expectations and building codes.
Limited Amenities: The description does not mention any amenities beyond the detached garages, which could limit its appeal compared to properties with more features.
Potential for Deferred Maintenance: While described as well-maintained, a property of this age may have underlying maintenance needs that could require future investment.

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