Three-Unit Residential Property with
701 N Mallard, Orange, CA 92867
For Sale
New
$1,499,000
Three residences provide a combined seven bedrooms and five garage spaces in Orange.
Property Size3,188 SF
Days on Market4
Property Features for 701 N Mallard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Multifamily Units
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Todd Frelinger
(949) 416-9856
Source:
Elliman
Added: Nov 6
Last Checked: Nov 8 at 6:34AM
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 Todd Frelinger
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Investment Insights
Based on property information with market context.
This triplex, built in 1964, contains three residential units with seven bedrooms in total. Five garage spaces serve the property, adding substantial on-site vehicle storage.
The property is at 701 N Mallard in Orange, near Chapman University and the historic Orange Plaza, with its dining and retail offerings. SR-57, SR-55, and I-5 are nearby. The area’s walk score is 30, its bike score is 75, and its transit score is 27.
The property is at 701 N Mallard in Orange, near Chapman University and the historic Orange Plaza, with its dining and retail offerings. SR-57, SR-55, and I-5 are nearby. The area’s walk score is 30, its bike score is 75, and its transit score is 27.
Key Highlights
- Three residential units with seven bedrooms combined
- Five garage spaces
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,378
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,227,560
$1.2M
Cap Rate 7%
$876,829
$876.8K
Cap Rate 9%
$681,978
$682.0K
Market Conditions
NOI Build-Up for 3,188 SF
Gross rent
$91.8K $28.80/SF
− Vacancy
−$4.1K −$1.30/SF
EGI
$87.7K $27.50/SF
− OpEx
−$26.3K −$8.25/SF
NOI
$61.4K $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%
$1,227,560
Cap Rate 7%
$876,829
Cap Rate 9%
$681,978
Alternative Uses
Best Use
Multifamily LT 5
$876.8K
$767.2K – $1.02M
NOI $61,378 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$807.1K
$706.2K – $941.7K
NOI $56,499 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,677 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 92867, CA
44,927
Population
13,693
Households
3.3
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
12.0 sq mi
ZIP Area
3,744
Density / Sq Mi
$125,799
Median Household Income
$50,744
Median Earnings
$2,209
Median Rent
$951,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Orange County, CA
Properties on Market for Triplexes in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences provide a combined seven bedrooms and five garage spaces in Orange.
Where is this triplex located?
The property is located at 701 N Mallard Orange, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Three residential units with seven bedrooms combined; Five garage spaces; Built in 1964
