128 N Pixley A, Orange, California 92868, Orange, 92868 - bed, bath
ACTIVE$2,995,000
128 N Pixley A, Orange, California 92868
0Bed
0Bath
3,900Sqft
9,504Lot
Year Built
1900
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$768
HOA
-
Days on market
-
Sold On
-
MLS number
PW25249080
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $3.00M(75th), sqft - 3900(50th), beds - undefined(50th), baths - undefined(50th).
Welcome to 128/132/134 N Pixley Street, in the heart of Old Towne! 3 houses on one lot. The property is currently leased until 6/30/2026, and the rents total over 200k per year. This is "beachfront" property in high demand! The property is also under the Mills Act. The taxes are $9174 /2024. The properties are in the best location to access the plaza and Chapman University. Tankless hot water heaters, separate meters, fire sprinklers, off-street parking, drought-tolerant landscaping, and designed to be cost-efficient.
Price History
Date
Event
Price
10/30/25
Listing
$2,995,000
Condition Rating
Good
Despite being built in 1900, the property has undergone significant and recent renovations. The bathrooms feature modern tiling, vanities, and fixtures, appearing updated within the last 5-15 years. Flooring is a mix of contemporary laminate/hardwood and clean, modern carpeting. Recessed lighting and modern ceiling fans are present. The listing also highlights 'Modern Efficiency Upgrades' such as tankless hot water heaters, indicating updated systems. While the original structure is old, the visible interiors are move-in ready and well-maintained, requiring no immediate renovations. The absence of kitchen images prevents an 'Excellent' score, but the quality of other updated areas suggests a similar standard.
Pros & Cons
Pros
Exceptional Income Potential: This triplex generates over $200,000 per year in rental income, with leases secured until June 30, 2026, providing immediate and stable cash flow for investors.
Prime Old Towne Location: Situated in the highly desirable heart of Old Towne Orange, offering unparalleled access to the historic plaza and Chapman University, ensuring high tenant demand.
Mills Act Property: Benefiting from the Mills Act, this property offers significant property tax savings, enhancing its long-term financial viability and investment appeal.
Multi-Unit Configuration: Comprising three distinct houses on one lot, this triplex provides diversified income streams and flexibility, a rare and valuable asset in this location.
Modern Efficiency Upgrades: Equipped with tankless hot water heaters, separate meters, fire sprinklers, off-street parking, and drought-tolerant landscaping, designed for cost-efficiency and modern living.
Cons
Historic Property Maintenance: Built in 1900, the property's age may entail ongoing maintenance challenges and potential for unforeseen repairs or system upgrades despite recent improvements.
Long-Term Lease Restriction: The existing leases extending until June 30, 2026, limit immediate owner-occupancy options or significant redevelopment plans for a new buyer.
No Specified View: The property description indicates 'None' for views, which might be a minor drawback for some buyers seeking scenic vistas in a premium location.