181 189 N Waverly Street, Orange, CA 92866

• 3,520 sqft

Property Description

Trophy 5 unit apartment community in the heart of Olde Town Orange. Completely re-constructed down the studs with City of Orange plans in 2021-22 (all new systems including electric, plumbing, sewer, insulation, roof, interiors with fantastic finishes). This 5 unit apartment in situated in a SFR neighborhood and will never be entitled again. The apartment community is walking distance to Chapman and Olde Town Orange. Built for the long term and cash flow. Low maintenance property. The front craftsman house has 3 bedrooms and 2 full bathrooms. Attached to the front house are two 1 bedroom/1 bathroom apartments. In a separate building in the back, there are two 1 bedroom, 1 bathroom apartments. There also exists a detached 2 car garage that includes seller owned laundry (coinless). This is a super unique property as the property itself wraps around the corner neighbor's home giving access to Maple and a community area that includes a hot tub, dining table, chaise lounge chairs. The community area is screened and lit with overhead lights making it an awesome tenant amenity. Mills Act possible for property tax savings and greater cash flow.

Listing Status:

Active

Date Added:

January 9, 2026

Data Last Updated:

May 20, 2026 at 5:17PM

Listing Office:

PacBLU : 619-987-5044

Listing Agent:

Scott DeGoler : 619-987-5044

MLS ID:

NDP2600276

Interior

• A/C: None
• Heating: None

Exterior

• Parking: Parking spaces: 0

Construction

• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRP
• County: Orange

Lot

• Zoning: R-1-638606202

Financial

• Source: CRMLS_CRP