4002 4002 W El Rancho Ave, Orange, California 92868, Orange, - bed, bath
ACTIVE$1,549,000
4002 4002 W El Rancho Ave, Orange, California 92868
0Bed
0Bath
4,276Sqft
6,900Lot
Year Built
1963
Close
-
List price
$1.55M
Original List price
$1.65M
Price/Sqft
-
HOA
$335
Days on market
-
Sold On
-
MLS number
NP25224505
Home ConditionFair
Features
Patio
View-
About this home
Welcome to 4002 W El Rancho, an excellent opportunity to acquire a well maintained 4 unit building in Orange. This income producing asset is ideally located near popular retail shopping, restaurants, colleges, and the vibrant areas of Old Towne Orange and Floral Park. With strong tenant appeal, convenient access to freeways, this is an ideal opportunity for investors looking for a steady cash flow and potential for more! The building is comprised of 4 , 2 bedroom, 1.5 bathroom townhome style units each at 1069 sq ft. Each unit has their own private outdoor patio, shared garage parking, additional assigned parking space, and indoor laundry per unit. This building is NOT on leased land.
Price History
Date
Event
Price
10/25/25
Price Change
$1,549,000-6.1%
09/24/25
Listing
$1,649,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (4 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 4,276 | 2,564 | 80% |
| Lot Size | 6,900 | 6,900 | 50% |
| Price | $1.55M | $1.46M | 80% |
| Price per square foot | $362 | $539 | 20% |
| Built year | 1963 | 1964 | 20% |
| HOA | $335 | 0% | |
| Days on market | 43 | 209 | 20% |
Condition Rating
Fair
Built in 1963, this property is over 60 years old. While described as 'well maintained,' the exterior images and visible window AC units suggest that major systems and components are outdated. The flat roof in the aerial photos shows significant wear, indicating it may require substantial repair or replacement soon. Without interior photos, specific kitchen and bathroom conditions cannot be assessed, but they are likely dated given the property's age and lack of mentioned recent renovations. The property is functional but clearly shows its age and will require future investments in infrastructure upgrades and modernization.
Pros & Cons
Pros
Strong Investment Profile: A well-maintained, income-producing quadruplex offering steady cash flow and appreciation potential in a desirable Orange location.
Prime Location & Accessibility: Strategically located near retail, restaurants, colleges, Old Towne Orange, and major freeways, ensuring high tenant demand.
Desirable Unit Features: Each of the four 2-bed/1.5-bath townhome-style units includes a private patio, shared garage, assigned parking, and in-unit laundry, enhancing tenant appeal.
Fee Simple Ownership: The property is not on leased land, providing straightforward ownership and potentially easier financing for investors.
Well-Maintained Condition: Described as 'well maintained,' suggesting a lower likelihood of immediate, significant capital expenditures post-acquisition.
Cons
Building Age: Constructed in 1963, the property is over 60 years old, which may necessitate future investments in infrastructure upgrades or maintenance.
Unclear Association Fee: A $335 monthly association fee for a quadruplex is atypical and requires detailed understanding of its coverage to assess its impact on net operating income.
Recent Price Adjustment: A $100,000 price reduction from the original listing price may indicate market resistance or initial overvaluation, warranting a deeper market analysis.