Duplex with Central Air and Gas
For Sale
$1,450,000
3607 W Park Central Ave, Orange, CA 92868
Orange, CA
Property Size2,734 SF
Lot Size0.14 Acres
Price / SF$530.36
Days on Market225
Property Features for 3607 W Park Central Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 6, Laundry Room, Bathroom 1, Kitchen, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 4, Bathroom 3
Parking
4
Parking features
Garage
Fireplace
1
Appliances
Disposal, Refrigerator, Gas Range, Dishwasher
Subdivision
Park City Duplexes (PKCT)
Lot features
Level with Street
Elementary school district
Orange Unified
Middle school district
Orange Unified
High school district
Orange Unified
Directions
55 North to I-5 North to the 22 West. Exit City Drive. Rt on West Metropolitan Dr. Rt onto The City Drive South, Rt onto Park Central Ave. Duplex is on the right.
Standard status
Active
APN
23130115
Size
2,734 SF
Lot size
0.14 Acres
Taxes and HOA fees
HOA Fee
$100 Quarterly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
gas fireplace
central air conditioning and heat
laundry area with connections
Building Details
Year built
1977
Floors in Building
2
Number of units
2
Listing Agency:
Compass
(949) 438-4340
Listed By:
Katie Machoskie · License #01380037
(949) 355-9722
Added: Jan 6
Changed: Aug 19
Last Checked: Aug 19 at 8:06PM
MLS# NP25276217
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers an owner-occupy or rental-income setup, with separate living areas in both units. The front unit is a single story with approximately 1,475 SF, featuring three bedrooms and 2.5 baths, plus a kitchen, dining room, and a living room with a gas fireplace. The attached 2-car garage includes a laundry area with connections.
The second unit provides approximately 1,259 SF with three bedrooms and 2 baths, located above its two-car garage. That lower level also includes a laundry area with connections. Each unit has a primary suite with an en-suite bathroom and separate shower, and both units have been professionally maintained with carpet and plank vinyl flooring. Central air conditioning and central heat service both units.
Set on a 0.1449-acre lot and built in 1977, the property has public water and public sewer. Appliances include a refrigerator, gas range, dishwasher, disposal, and more. Conveniently located near shopping and dining at The Block of Orange and access to the 5, 57, and 22 freeways.
The second unit provides approximately 1,259 SF with three bedrooms and 2 baths, located above its two-car garage. That lower level also includes a laundry area with connections. Each unit has a primary suite with an en-suite bathroom and separate shower, and both units have been professionally maintained with carpet and plank vinyl flooring. Central air conditioning and central heat service both units.
Set on a 0.1449-acre lot and built in 1977, the property has public water and public sewer. Appliances include a refrigerator, gas range, dishwasher, disposal, and more. Conveniently located near shopping and dining at The Block of Orange and access to the 5, 57, and 22 freeways.
Key Highlights
- Front unit: approx 1,475 SF, single story, three bedrooms and 2.5 baths, living room with gas fireplace
- Second unit: approx 1,259 SF, three bedrooms and 2 baths, located above a two‑car garage with laundry connections
- Each unit has an attached two‑car garage with a dedicated laundry area and connections
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
3.63%
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 3.63%
Second Best
Apartment 5plus
$692.2K
$605.7K – $807.6K
NOI $48,453 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$988.4K
$864.9K – $1.15M
NOI $69,188 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Orange with central A/C, gas fireplace, and two attached 2-car garages for each unit.
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 $1,450,000.
What are key features of this property?
This property features: Front unit: approx 1,475 SF, single story, three bedrooms and 2.5 baths, living room with gas fireplace; Second unit: approx 1,259 SF, three bedrooms and 2 baths, located above a two‑car garage with laundry connections; Each unit has an attached two‑car garage with a dedicated laundry area and connections
