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    Reconstructed Apartment Community in Olde Town Title is generated by Realmo AI

    181 189 N Waverly St, Orange, CA 92866

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    For Sale
    $3,200,000

    Five-unit apartment community near Chapman and Olde Town Orange.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 24 at 5:49 pm

    Property Features for 181 189 N Waverly St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1924

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    Listing Contact
    Scott DeGoler

    Listing agent Scott DeGoler

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Scott DeGoler

    HighLights

    • Completely re‑constructed in 2021‑22 with all new systems (electric, plumbing, sewer, insulation, roof, interiors).
    • Unique 5‑unit apartment community in a single‑family residence neighborhood.
    • Prime location: walking distance to Chapman University and Olde Town Orange.
    • Low maintenance property built for long‑term cash flow.
    • Unique community area with hot tub, dining table, chaise lounge chairs, screened and lit.
    • Mills Act possible for property tax savings.

    Overview

    This five-unit apartment community is located in the heart of Olde Town Orange. The property was completely reconstructed down to the studs with City of Orange plans in 2021-22, featuring all new systems including electric, plumbing, sewer, insulation, roof, and interiors with updated finishes. Situated in a single-family residential neighborhood, the property is not expected to be entitled again. The community is within walking distance of Chapman and Olde Town Orange. The front craftsman house includes three bedrooms and two full bathrooms. Attached to the front house are two apartments, each with one bedroom and one bathroom. A separate building in the back houses two additional one-bedroom, one-bathroom apartments. A detached two-car garage is also present, including seller-owned laundry. The property wraps around the corner neighbor's home, providing access to Maple and a community area. This community area includes a hot tub, dining table, and chaise lounge chairs. The area is screened and lit with overhead lights. The property has a bike score of 66, a walk score of 85, and a transit score of 40.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -117.843085
    Latitude
    33.7863199

    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment community near Chapman and Olde Town Orange.
    Where is this apartment building located?
    The property is located at 181 189 N Waverly St Orange, CA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Completely re‑constructed in 2021‑22 with all new systems (electric, plumbing, sewer, insulation, roof, interiors).; Unique 5‑unit apartment community in a single‑family residence neighborhood.; Prime location: walking distance to Chapman University and Olde Town Orange.
    More about this property
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