Two-Unit Duplex with
For Sale
$1,325,000
3607 W Park Central Ave, Orange, CA 92868
Professionally maintained duplex with matching three-bedroom layouts, private garages, central heating and air conditioning, and separate laundry connections.
Property Size2,734 SF
Days on Market264
Property Features for 3607 W Park Central Ave
General Information
Standard status
Active
Size
2,734 SF
Total Parking Spaces
4
Property subtype
Duplex
Additional Details
Highway Access
Yes
Amenities
gas fireplace
laundry area
central air conditioning and heat
Building Details
Building Size
2,734 SF
Year Built
1977
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Katie Machoskie · License #01380037
(949) 355-9722
Source:
Altamirarealty
Added: Jan 6
Changed: Sep 21
Last Checked: Sep 26 at 1:27PM
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 Compass
Investment Insights
Based on property information with market context.
This two-unit duplex offers approximately 2,734 square feet across two separately configured residences. The ground-level front home contains approximately 1,475 square feet with three bedrooms, two bathrooms, a kitchen, dining area, living room, and gas fireplace. Its attached two-car garage includes laundry connections. Positioned above a separate two-car garage, the second residence provides approximately 1,259 square feet with three bedrooms and two bathrooms, plus its own laundry connections. Each primary suite includes a private en suite bathroom with a separate shower.
Both residences have been professionally maintained and feature carpet and plank vinyl flooring, along with central air conditioning and heat. The property is located near shopping and dining at The Block of Orange, with access to the 5, 57, and 22 freeways. Built in 1977, the duplex provides two residential units with dedicated garage space and separate living areas.
Both residences have been professionally maintained and feature carpet and plank vinyl flooring, along with central air conditioning and heat. The property is located near shopping and dining at The Block of Orange, with access to the 5, 57, and 22 freeways. Built in 1977, the duplex provides two residential units with dedicated garage space and separate living areas.
Key Highlights
- Two residential units totaling approximately 2,734 square feet
- Front unit measures approximately 1,475sf with 3 bedrooms and 2 baths
- Upper unit measures approximately 1,259sf with 3 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,052,740
$1.1M
Cap Rate 7%
$751,957
$752.0K
Cap Rate 9%
$584,856
$584.9K
Market Conditions
NOI Build-Up for 2,734 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.7K $28.80/SF
− Vacancy
−$3.5K −$1.30/SF
EGI
$75.2K $27.50/SF
− OpEx
−$22.6K −$8.25/SF
NOI
$52.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,052,740
Cap Rate 7%
$751,957
Cap Rate 9%
$584,856
Alternative Uses
Best Use
Multifamily LT 5
$752.0K
$658.0K – $877.3K
NOI $52,637 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$692.2K
$605.7K – $807.6K
NOI $48,453 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$988.4K
$864.9K – $1.15M
NOI $69,188 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,767
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
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Professionally maintained duplex with matching three-bedroom layouts, private garages, central heating and air conditioning, and separate laundry connections.
Where is this duplex located?
The property is located at 3607 W Park Central Ave Orange, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Two residential units totaling approximately 2,734 square feet; Front unit measures approximately 1,475sf with 3 bedrooms and 2 baths; Upper unit measures approximately 1,259sf with 3 bedrooms and 2 baths
