Duplex with Separate
New
For Sale
$999,000
413 N Center, Orange, CA 92866
Two living units each have a kitchen and family room, with separate front entrances.
Property Size1,555 SF
Lot Size0.10 Acres
Days on Market5
Property Features for 413 N Center
General Information
Standard status
Active
Size
1,555 SF
Lot size
0.10 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
front patio
Building Details
Building Size
1,555 SF
Year Built
1928
Buildings
1
Stories
1
Listing Agency:
eXp Realty of Southern Ca, Inc
Listed By:
Kim Coelho · License #01933695
(714) 404-7077
Source:
Altamirarealty
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 12:33AM
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 eXp Realty of Southern Ca, Inc
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Investment Insights
Based on property information with market context.
Built in 1928, this single-story duplex contains two separate living units divided by a shared wall. Each has one bedroom, one bathroom, a kitchen, a family room, and its own front entrance. The property also includes a front patio and a long driveway for off-street parking. The lot measures 4,356 square feet, and the property is tenant-occupied.
The property is on N Center Street in Orange, near Chapman University and the Old Towne Orange Circle, with its restaurants, shops, and galleries. The property is available for drive-by viewing only.
The property is on N Center Street in Orange, near Chapman University and the Old Towne Orange Circle, with its restaurants, shops, and galleries. The property is available for drive-by viewing only.
Key Highlights
- Two units, each with 1 bedroom, 1 bathroom, a kitchen, and a family room
- Built in 1928; single‑story layout with a shared dividing wall
- 4,356‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,938
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,760
$598.8K
Cap Rate 7%
$427,686
$427.7K
Cap Rate 9%
$332,644
$332.6K
Market Conditions
NOI Build-Up for 1,555 SF
Gross rent
$44.8K $28.80/SF
− Vacancy
−$2.0K −$1.30/SF
EGI
$42.8K $27.50/SF
− OpEx
−$12.8K −$8.25/SF
NOI
$29.9K $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 Rate 5%
$598,760
Cap Rate 7%
$427,686
Cap Rate 9%
$332,644
Alternative Uses
Best Use
Multifamily LT 5
$427.7K
$374.2K – $499.0K
NOI $29,938 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$393.7K
$344.5K – $459.3K
NOI $27,558 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$562.2K
$491.9K – $655.9K
NOI $39,352 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,860
Businesses Nearby
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Business Placement
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two living units each have a kitchen and family room, with separate front entrances.
Where is this duplex located?
The property is located at 413 N Center Orange, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two units, each with 1 bedroom, 1 bathroom, a kitchen, and a family room; Built in 1928; single‑story layout with a shared dividing wall; 4,356‑square‑foot lot
