Duplex with Separate
1104 W Palm Avenue, Orange, CA 92868
For Sale
$1,450,000
Two distinct living areas support separate household or rental use, with a 3-bedroom, 3-bathroom main residence and a 2-bedroom, 1-bathroom secondary space.
Property Size2,578 SF
Days on Market51
Property Features for 1104 W Palm Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Michael Wayne Williams, Broker
Listed By:
Michael Williams · License CA #01341572
(858) 775-6020
Source:
Altamirarealty
Added: Sep 21
Changed: Nov 10
Last Checked: Nov 7 at 8:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Wayne Williams, Broker
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Investment Insights
Based on property information with market context.
This single-story duplex contains 2,578 square feet and is arranged as two separate living areas. The main residence has 3 bedrooms and 3 bathrooms; the secondary residence includes 2 bedrooms, 1 bathroom, and its own entrance. Renovation work was completed at the end of 2022, including PEX plumbing, HVAC, electrical upgrades, and vinyl double-pane windows. Updated kitchens and bathrooms are also part of the property.
The property is 1 mile from Chapman University, Providence St. Joseph’s Hospital, and Angels Stadium. Shopping, dining, and major freeways are also cited in the surrounding area. The lot offers parking, and the separate layouts provide options for a household seeking distinct living spaces or rental use.
The property is 1 mile from Chapman University, Providence St. Joseph’s Hospital, and Angels Stadium. Shopping, dining, and major freeways are also cited in the surrounding area. The lot offers parking, and the separate layouts provide options for a household seeking distinct living spaces or rental use.
Key Highlights
- 2,578‑square‑foot, single‑story duplex
- Main residence offers 3 bedrooms and 3 bathrooms
- Separate residence has 2 bedrooms, 1 bathroom, and its own entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,634
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,680
$992.7K
Cap Rate 7%
$709,057
$709.1K
Cap Rate 9%
$551,489
$551.5K
Market Conditions
NOI Build-Up for 2,578 SF
Gross rent
$74.2K $28.80/SF
− Vacancy
−$3.3K −$1.30/SF
EGI
$70.9K $27.50/SF
− OpEx
−$21.3K −$8.25/SF
NOI
$49.6K $19.25/SF
Area
Orange, CA
Vacancy
4.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,680
Cap Rate 7%
$709,057
Cap Rate 9%
$551,489
Alternative Uses
Best Use
Multifamily LT 5
$709.1K
$620.4K – $827.2K
NOI $49,634 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$652.7K
$571.1K – $761.5K
NOI $45,688 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$932.0K
$815.5K – $1.09M
NOI $65,240 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,575
Businesses Nearby
Explore this area
Business Placement
Demographics for 92868, CA
27,127
Population
9,105
Households
3
Avg Household Size
34
Median Age
36%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,979
Density / Sq Mi
$89,050
Median Household Income
$45,978
Median Earnings
$2,356
Median Rent
$714,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Orange County, CA
Properties on Market for Duplexes in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living areas support separate household or rental use, with a 3-bedroom, 3-bathroom main residence and a 2-bedroom, 1-bathroom secondary space.
Where is this duplex located?
The property is located at 1104 W Palm Avenue Orange, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 2,578‑square‑foot, single‑story duplex; Main residence offers 3 bedrooms and 3 bathrooms; Separate residence has 2 bedrooms, 1 bathroom, and its own entrance
