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Remodeled Triplex Near Campus
For Sale
$1,995,000

331 North Olive Street, Orange, CA 92866

Remodeled 1920s triplex with a newly built 1-bed unit and a new 2-bed rear unit.

Property Size2,418 SF
Days on Market75

Property Features for 331 North Olive Street

General Information

Standard status Active
Size 2,418 SF
Property subtype Multifamily

Building Details

Building Size 2,418 SF
Year Built 1921
Listing Agency: Young Lewin Advisors
Listed By: Daniel Gomez · License #CalDRE #02081392
Source: Younglewin
Added: Jun 25 Changed: Sep 6 Last Checked: Sep 6 at 4:17AM

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 Young Lewin Advisors

Investment Insights

Based on property information with market context.

This remodeled triplex retains the classic character of an original 1920s home while adding newly constructed rental space. The property includes a newly constructed 1-bed unit completed in 2022 and a brand-new 2-bed rear unit completed in 2025. The front unit is described as offering live/work flexibility, including potential for a home occupational business.

The property is positioned steps from Chapman University’s campus and is located in the Old Towne Orange area. A Walk Score of 91 is indicated in the remarks.

Overall, the configuration combines renovated historic character with two newer residential units to support a multi-unit income profile.

Key Highlights

  • Remodeled 1920s triplex with Year Built 1921 and preserved classic character
  • Includes a newly constructed 1‑bed unit completed in 2022
  • Includes a brand new 2‑bed rear unit completed in 2025

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Pet Store Butcher Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,943
Businesses Nearby

Demographics for 92866, CA

15,935
Population
5,991
Households
2.7
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
1.9 sq mi
ZIP Area
8,387
Density / Sq Mi
$83,776
Median Household Income
$45,872
Median Earnings
$1,955
Median Rent
$892,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Remodeled 1920s triplex with a newly built 1-bed unit and a new 2-bed rear unit.
Where is this triplex located?
The property is located at 331 North Olive Street Orange, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Remodeled 1920s triplex with Year Built 1921 and preserved classic character; Includes a newly constructed 1‑bed unit completed in 2022; Includes a brand new 2‑bed rear unit completed in 2025
More about this property
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