2056 N Highland, Orange, California 92865, Orange, 92865 - bed, bath

2056 N Highland, Orange, California 92865 home-pic-0
ACTIVE$1,695,000
2056 N Highland, Orange, California 92865
0Bed
0Bath
4,481Sqft
7,841Lot
Year Built
1968
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$378
HOA
-
Days on market
-
Sold On
-
MLS number
PW25270518
Home ConditionFair
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $1.70M(50th), sqft - 4481(80th), beds - undefined(50th), baths - undefined(50th).

2056 N. Highland St. is a large, Covington style 4-plex located in the city of Orange; bordering Villa Park. The subject property measures just under 4,500 square feet and sits atop a 7,776 square foot lot. The building has been well maintained over the years with updated paint, newer windows, roll up garage doors, and modern landscaping. All apartments have forced air heating, dishwashers and private patios or balconies. Every tenant has access to the onsite laundry room which has owned coin operated machines. The seller has implemented a RUBS style utility sharing system where each tenant pays their portion of all common area utilities; lowering owner expenses significantly. 2056 N. Highland St. offers an owner user or investor an opportunity to acquire a well maintained 4-plex with stable tenants in a neighborhood with historically low vacancy.

Price History

Date
Event
Price
12/04/25
Listing
$1,695,000
01/25/13
Sold
$835,000
02/05/03
Sold
$620,000
Condition Rating
Fair

The property, built in 1968, shows good exterior maintenance with updated paint, newer windows, and modern landscaping. However, the interior images reveal significantly dated kitchens and bathrooms, featuring older cabinets, laminate countertops, dated appliances, and fluorescent/strip lighting. While functional and clean, these areas would require substantial cosmetic and functional updates to meet current standards. The absence of central air conditioning is also a notable drawback for comfort in Orange, CA. The property is aged but maintained, with major components functional but clearly outdated, aligning with a 'fair' condition score.
Pros & Cons

Pros

Income-Generating Quadruplex: The property is a well-maintained 4-plex, explicitly designed for residential income, offering a strong investment opportunity for owner-users or investors.
Reduced Operating Expenses: Implementation of a RUBS (Ratio Utility Billing System) for common area utilities significantly lowers owner expenses, enhancing profitability.
Well-Maintained & Updated: The building has been well maintained with updated paint, newer windows, roll-up garage doors, and modern landscaping, reducing immediate capital expenditure concerns.
Stable Tenancy & Low Vacancy Area: The property boasts stable tenants in a neighborhood known for historically low vacancy rates, indicating reliable income and strong market demand.
Tenant-Friendly Amenities: Each apartment includes forced air heating, dishwashers, and private patios or balconies, complemented by an onsite laundry room with owned coin-operated machines, enhancing tenant satisfaction and retention.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 7783.
Age of Construction: Built in 1968, despite recent updates, the property's age may imply potential for future capital expenditures on major systems like plumbing or electrical that were not explicitly mentioned as updated.
Absence of Air Conditioning: The description only mentions 'forced air heating' for all apartments, suggesting a lack of central air conditioning, which could be a significant comfort drawback during warmer months in Orange, CA.
Limited Parking Details: While 'roll up garage doors' are mentioned, the description lacks specific details regarding dedicated parking per unit or overall parking capacity, which can be a critical factor for multi-unit properties.

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