4-Unit Quadplex with Private
New
For Sale
$1,649,000
2731 W Orion Avenue, Santa Ana, CA 92704
Separate gas and electric meters serve each residence, and every unit has laundry hookups in its garage.
Property Size4,345 SF
Days on Market4
Property Features for 2731 W Orion Avenue
General Information
Standard status
Active
Size
4,345 SF
Total Parking Spaces
5
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
4
Individually Metered Utilities
gas, electric
Amenities
common laundry room
Building Details
Building Size
4,345 SF
Year Built
1970
Construction
Covington-style
Listing Agency:
Arbor Real Estate
Listed By:
Matt Perry · License #01192690
(949) 233-8161
Source:
Altamirarealty
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 5:27PM
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 Arbor Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1970-built quadplex contains four residences: one with three bedrooms and two bathrooms, plus three two-bedroom units, two with two bathrooms and one with one bathroom. Four private garages comprise one two-car garage and three single-car garages. Each unit has separate gas and electric meters, along with laundry hookups in its garage. A common laundry room is currently used for maintenance storage.
The property is in Santa Ana near South Coast Plaza, Metro Pointe Shopping Center, the 405 Freeway, and local schools.
The property is in Santa Ana near South Coast Plaza, Metro Pointe Shopping Center, the 405 Freeway, and local schools.
Key Highlights
- Four units: one 3‑bedroom, 2‑bath residence and three 2‑bedroom residences, with two 2‑bath and one 1‑bath
- Four private garages: one two‑car garage and three one‑car garages
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,940
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,498,800
$1.5M
Cap Rate 7%
$1,070,571
$1.1M
Cap Rate 9%
$832,667
$832.7K
Market Conditions
NOI Build-Up for 4,345 SF
Gross rent
$112.1K $25.80/SF
− Vacancy
−$5.0K −$1.16/SF
EGI
$107.1K $24.64/SF
− OpEx
−$32.1K −$7.39/SF
NOI
$74.9K $17.25/SF
Area
ZIP 92704
Vacancy
4.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,498,800
Cap Rate 7%
$1,070,571
Cap Rate 9%
$832,667
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$936.8K – $1.25M
NOI $74,940 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$963.5K
$843.1K – $1.12M
NOI $67,448 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,398 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
Explore this area
Business Placement
Demographics for 92704, CA
82,841
Population
20,887
Households
4
Avg Household Size
35
Median Age
20%
College-Educated
68%
High-School Grad
7.4 sq mi
ZIP Area
11,195
Density / Sq Mi
$94,249
Median Household Income
$37,925
Median Earnings
$2,147
Median Rent
$641,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate gas and electric meters serve each residence, and every unit has laundry hookups in its garage.
Where is this quadplex located?
The property is located at 2731 W Orion Avenue Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Four units: one 3‑bedroom, 2‑bath residence and three 2‑bedroom residences, with two 2‑bath and one 1‑bath; Four private garages: one two‑car garage and three one‑car garages; Separate gas and electric meters for each unit
