869 N Mallard, Orange, California 92867, Orange, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$1,300,000
869 N Mallard, Orange, California 92867
0Bed
0Bath
3,187Sqft
6,970Lot
Year Built
1964
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25240546
Home ConditionFair
Features
View-

About this home

**Prime Triplex Investment in the Heart of Orange** Seize a rare opportunity to own a triplex just minutes from the vibrant charm of historic downtown Orange. Ideal for investors seeking solid rental income or homeowners looking to offset costs by living in one unit and renting the others, this property offers the perfect combination of comfort, convenience, and long-term value. The front unit is a spacious 3-bedroom, 2-bathroom residence spanning approximately 1,300 sq. ft., currently occupied by a long-term tenant who has taken excellent care of the home. Attached to the main residence are two well-designed 2-bedroom, 1-bathroom units, each featuring private entrances, in-unit laundry hookups, and separate gas and electric meters. Recent upgrades include a new roof (2024) and copper re-piping throughout. All units are enrolled in a RUBS (Ratio Utility Billing System), enhancing operational efficiency. Located in a highly desirable neighborhood near Villa Park, Chapman University, top-rated schools, public transit, and a wide variety of shopping, dining, and entertainment options, this triplex offers exceptional access and lifestyle benefits. With a strong rental history and unbeatable location, this is a golden opportunity to expand your portfolio or enjoy the perks of multi-unit living in one of Orange County’s most sought-after communities.

Price History

Date
Event
Price
10/20/25
Listing
$1,300,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds00
Baths00
Square foot3,1873,881
50%
Lot Size6,9707,332
50%
Price$1.3M$1.3M
50%
Price per square foot$408$346
50%
Built year19649820982
100%
HOA
Days on market1629
50%
Condition Rating
Fair

The property, built in 1964, benefits from recent significant upgrades including a new roof (2024) and copper re-piping, indicating good structural and plumbing integrity. However, the interior, particularly the kitchen and bathroom, is significantly dated with older cabinets, laminate countertops, outdated appliances, and dated flooring and light fixtures. While functional and seemingly well-maintained, these areas require substantial cosmetic renovation to meet current standards and appeal. The overall condition aligns with a 'Fair' rating, as it is aged but maintained, with major components functional but showing signs of being outdated, requiring minor updates or repairs (cosmetic renovations).
Pros & Cons

Pros

Prime Investment Opportunity: This triplex offers a rare opportunity for solid rental income or owner-occupancy with rental offset, making it ideal for investors or homeowners seeking to maximize their property's financial potential.
Desirable Location: Situated minutes from historic downtown Orange, Chapman University, top-rated schools, public transit, and a wide array of shopping, dining, and entertainment options, ensuring high tenant demand and lifestyle benefits.
Recent Major Upgrades: Significant capital improvements, including a new roof (2024) and copper re-piping throughout, reduce immediate maintenance concerns and enhance the property's long-term value.
Operational Efficiency & Unit Features: Each unit benefits from private entrances, in-unit laundry hookups, separate gas and electric meters, and RUBS enrollment, streamlining management and increasing tenant appeal.
Spacious Main Unit & Stable Tenancy: The front 3-bedroom, 2-bathroom unit is generously sized (approx. 1,300 sq. ft.) and occupied by a long-term, well-caring tenant, providing immediate and stable income.

Cons

Age of Property: Built in 1964, despite recent major upgrades, the overall age of the property may still present potential for future maintenance needs in other systems or components not recently updated.
Lack of Specific Views: The property explicitly states 'view: None,' which could be a drawback for buyers prioritizing scenic outlooks or panoramic vistas, potentially limiting a segment of the market.
Potential for Varied Unit Conditions: While the main unit is well-maintained by a long-term tenant, the specific condition and maintenance history of the two smaller units are not detailed, potentially implying varied states of upkeep or future renovation needs.

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