Renovated Duplex with Private
For Sale
$1,200,000
4609 4605 E Agua, Orange, CA 92869
Two detached residences provide flexible living arrangements, individual outdoor areas, and separate garage parking.
Property Size2,316 SF
Price / SF$518.13
Days on Market47
Property Features for 4609 4605 E Agua
General Information
Standard status
Active
Size
2,316 SF
Total Parking Spaces
4
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Building Details
Building Size
2,316 SF
Year Built
1955
Buildings
2
Stories
1
Units
2
Listed By:
Susie Pineda
(714) 628-1991
Source:
Elliman
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 24 at 7:12PM
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 Susie Pineda
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Investment Insights
Based on property information with market context.
This duplex includes two independent homes on one lot, with each residence offering three bedrooms, two bathrooms, a private backyard, and a dedicated two-car garage. The front home contains 1,263 square feet and was renovated in 2024 with double-pane vinyl windows, updated flooring, and a redesigned kitchen featuring shaker cabinetry, quartz countertops, Signature appliances, and a six-burner gas cooktop. Its living room includes a fireplace and opens to a backyard with artificial turf and hill views. The primary suite has an updated bathroom with a full-size shower, vanity, and new lighting.
The rear home provides 1,053 square feet, a spacious living area with its own fireplace, and a private yard. The property is 3.5 miles from Chapman University and near shopping centers, public transit, the Old Towne Orange District, the 22/5/55 freeway, and toll roads. WalkScore is 76, BikeScore is 39, and TransitScore is 30.
The rear home provides 1,053 square feet, a spacious living area with its own fireplace, and a private yard. The property is 3.5 miles from Chapman University and near shopping centers, public transit, the Old Towne Orange District, the 22/5/55 freeway, and toll roads. WalkScore is 76, BikeScore is 39, and TransitScore is 30.
Key Highlights
- Two separate homes on one lot, each with 3 bedrooms and 2 bathrooms
- Front residence: 1,263 square feet and renovated in 2024
- Rear residence: 1,053 square feet with private yard and fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,589
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,780
$891.8K
Cap Rate 7%
$636,986
$637.0K
Cap Rate 9%
$495,433
$495.4K
Market Conditions
NOI Build-Up for 2,316 SF
Gross rent
$66.7K $28.80/SF
− Vacancy
−$3.0K −$1.30/SF
EGI
$63.7K $27.50/SF
− OpEx
−$19.1K −$8.25/SF
NOI
$44.6K $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 Rate 5%
$891,780
Cap Rate 7%
$636,986
Cap Rate 9%
$495,433
Alternative Uses
Best Use
Multifamily LT 5
$637.0K
$557.4K – $743.2K
NOI $44,589 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$586.4K
$513.1K – $684.1K
NOI $41,045 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$837.3K
$732.6K – $976.8K
NOI $58,610 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 92869, CA
36,349
Population
11,918
Households
3
Avg Household Size
42
Median Age
46%
College-Educated
89%
High-School Grad
13.5 sq mi
ZIP Area
2,693
Density / Sq Mi
$147,047
Median Household Income
$55,779
Median Earnings
$2,335
Median Rent
$935,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two detached residences provide flexible living arrangements, individual outdoor areas, and separate garage parking.
Where is this duplex located?
The property is located at 4609 4605 E Agua Orange, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two separate homes on one lot, each with 3 bedrooms and 2 bathrooms; Front residence: 1,263 square feet and renovated in 2024; Rear residence: 1,053 square feet with private yard and fireplace
