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Kai Steijn

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$ 1,700,000

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2660 N Bourbon ST Orange, CA 92865

7,405 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Orange Hill (Orhl)

MLS Listing ID CV25083425

Construction Status Updated/Remodeled,Termite Clearance,Turnkey

HOA Y/N No

Land Lease Amount 273.0

Rental Info Month To Month

Year Built 1979

Lot Size 7,405 Sqft

Property Sub-Type Quadruplex

Property Description

TRUST SALE! Welcome to 2660 N Bourbon St, Orange — a premium 4-plex in one of the most desirable and stable rental markets in Orange County. This low-maintenance, high-demand investment is located in a neighborhood known for strong tenant retention, consistent rental demand, and excellent proximity to freeways, shopping, dining, and essential services. Set on a quiet, low-traffic street, this pride-of-ownership property offers 4 spacious units, each with **2 beds and 2 full baths**, plus kitchen, dining and living rooms, and private outdoor space — patios for ground-floor units and balconies for upper units. Each unit includes in-unit laundry, central A/C, a private 1-car garage, and access to 3 additional uncovered parking spaces. The utility setup is ideal: 5 water meters (yes, 5!), 4 gas meters, and 5 electric meters, allowing tenants to cover all utilities except trash, outdoor lighting, and sprinkler water. Two of our great long-term tenants recently vacated, offering a rare opportunity to lease at market rates or upgrade for even stronger returns. Units may lease during escrow — call for current status. As with many properties in Orange, CA, this 4-plex benefits from a highly favorable land lease structure. It is part of a professionally managed master lease that includes neighboring 4-plexes and an adjacent retail strip mall with a market, contributing to long-term neighborhood stability. With over 38 years remaining on a 100-year lease and a remarkably low rate of $273 per month ($819.77 quarterly), investors enjoy reduced holding costs, no HOA fees, and enhanced cash flow — a compelling alternative to traditional fee simple ownership that improves NOI and long-term value. For added peace of mind, the property is being sold as-is, free and clear of termites with Section 1 clearance already completed by the seller, and includes a 1-year upgraded home warranty (buyer's choice). With desirable layouts, individual utilities, attractive amenities, 2 vacant units, and a prime location, 2660 N Bourbon St offers a rare opportunity to own a high-performing, income-generating asset in the heart of one of Southern California's most dependable rental corridors.

Location

State CA

County Orange

Area 72 - Orange & Garden Grove, E Of Harbor, N Of 22 F

Interior

Interior Features Balcony, Unfurnished, Multiple Primary Suites

Heating Central, ENERGY STAR Qualified Equipment

Cooling Central Air, ENERGY STAR Qualified Equipment

Flooring Carpet, Laminate, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Water Heater

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Parking Features Assigned, Door-Single, Garage, Garage Faces Side

Garage Spaces 4.0

Garage Description 4.0

Fence None

Pool None

Community Features Curbs, Gutter(s), Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition,Membrane,Shingle

Accessibility None

Total Parking Spaces 7

Private Pool No

Building

Lot Description Sprinklers In Front, Paved, Rectangular Lot, Street Level

Faces East

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Termite Clearance,Turnkey

Others

Senior Community No

Tax ID 37454128

Acceptable Financing Cash, Conventional, FHA, Submit, VA Loan

Listing Terms Cash, Conventional, FHA, Submit, VA Loan

Special Listing Condition Standard, Trust

Listed by Enrique Vasquez-Plaza • Century 21 Masters • 626-324-0388