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Updated Three-Unit Triplex

242 S Park Ln, Orange, CA 92866

For Sale
$1,425,000

Well-maintained income property with private patios, individual garages, and remodeled kitchens and bathrooms.

Property SizeContact for details
Days on Market57

Property Features for 242 S Park Ln

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Residential Income

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Amenities

private patios
laundry room

Building Details

Buildings 1
Listing Agency: Godin Properties Inc.
Listed By: Francine Hodges
Source: Exprealty
Added: Sep 15 Changed: Oct 26 Last Checked: Nov 10 at 9:20AM

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 Godin Properties Inc.

Rey
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Investment Insights

Based on property information with market context.

This three-unit triplex in Orange includes three two-bedroom, one-bath residences, each with a private patio and single garage. The property has received updates including a newer roof, paint, front doors, security screen doors, windows, and water heater. Two kitchens have been remodeled, and all three bathrooms have been updated.

A separately metered laundry room is currently used for storage and can accommodate a washer and dryer. The property is occupied by long-term tenants, and the building includes dedicated residential amenities at each unit.

Key Highlights

  • Three 2‑bedroom, 1‑bath units
  • Private patio and single garage for each unit
  • Newer roof, windows, paint, doors, and water heater

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,418
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
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Market

Average Price Trend$/SF for Triplexes in Orange County, CA

$546 Jul
$686 Aug
$657 Sep
$918 Oct

Properties on Market for Triplexes in Orange County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained income property with private patios, individual garages, and remodeled kitchens and bathrooms.
Where is this triplex located?
The property is located at 242 S Park Ln Orange, CA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units; Private patio and single garage for each unit; Newer roof, windows, paint, doors, and water heater
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