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    236 S Shaffer St Orange, CA 92866

    View on Map
    Sponsored
    For Sale
    Under Contract
    $1,998,000

    Craftsman,Custom Built, Duplex - Orange, CA

    Type:Duplex
    Property size:
    4,000 SF
    Lot size:
    6,464.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 6 at 9:06 pm

    Property Features for 236 S Shaffer St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen, Laundry, Living Room
    Bedrooms
    6
    Bathrooms
    5
    APN
    39039405
    Parking
    8
    Parking features
    Driveway, Garage
    Interior features
    Wet Bar, Ceramic Counters, Attic Fan, Ceiling Fan(s), Pantry, Recessed Lighting, Open Floorplan, Storage, Copper Plumbing Full, None, Sliding Doors, Mirror Closet Door(s), Carbon Monoxide Detector(s)
    Exterior features
    Fence, Community Features Included: Curbs, Street Lights, Sidewalks, Suburban, Corner Lot, Lot 6500-9999, Front Yard, Sprinkler System, Back Yard, Yard
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Oven - Double, Oven - Gas, Range, Range - Gas, Washer
    Size
    4,000 SF
    Lot size
    6,464.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1928
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Stucco, Wood Siding
    Roof type
    Composition, Shingle
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Albert Ricci

    Ricci Realty (714) 633-3600

    Listing agent Albert Ricci (714) 633-3600 License #01011606

    Listing date Mar 3, 2026

    MLS# PW25252361 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Duplex in Old Towne

    Located a few blocks from the plaza in Old Towne, this property at 236 S. Shaffer features two homes on a single lot. The front house is a two-story structure with four bedrooms, plus an office/den or potential fifth bedroom, and 2.5 bathrooms. A main floor bedroom and bath add convenience. The residence includes a large living room with an entertainment area and wrap-around bar, as well as a fireplace that opens to the formal dining room and kitchen. The kitchen is equipped with a breakfast bar, center island, and walk-in pantry. A mud room includes a guest powder room and laundry room. Upstairs, there are three bedrooms, including a 480-square-foot primary bedroom with a walk-in closet and a 250-square-foot enclosed sun room. The guest house, located at 431 E. Washington, features two primary suites, each with its own bathroom, a large living room, and a dining area open to the kitchen with a breakfast bar. The larger primary suite includes ample closet space and sliding glass doors leading to a private sun balcony. The property offers over 4000 square feet of combined living area. It also includes four oversized single-car garages, central heating and air in both units, a whole house fan in the main house, new blinds and carpet, and golden teak hand-scraped wood floors in the main house. The grounds are landscaped, with a front yard displaying colorful blooms, and a private yard featuring mature shade trees and patio areas enclosed with wood fences. The lot size is approximately 0.148 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Orange
    State
    California
    Longitude
    -117.8490659
    Latitude
    33.785285

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    FAQs

    What type of property is this?
    Duplex - Large duplex with flexible floor plans in a desirable location.
    Where is this duplex located?
    The property is located at 236 S Shaffer St Orange, CA.
    What is the asking price?
    The asking price for this property is $1,998,000.
    What are key features of this property?
    This property features: - Two houses on one lot in Old Towne: A main 4-5 bedroom house plus a separate guest house with 2 primary suites.; - Prime location: Just blocks from the plaza in the desirable Old Towne area.; - Spacious living: Over 4000 sq ft of combined living space, offering flexible open floor plans.
    (714) 231-6058
    Request Owner's contact information
    236 S Shaffer St Orange, CA 92866
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    Orange, CA 92866
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    236 S Shaffer St Orange, CA 92866
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    We can help!
    Listing Contact
    Albert Ricci
    Real Estate License ID: 01011606
    (714) 231-6058 (714) 633-3600 (714) 731-5900
    Learn more
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