219 S Oak St , Orange, CA 92866
$3,190,000
Est. Payment: $16,108.56/mo
9 Bed
7 Bath
5476 Sqft
Status: active | Days on site: 3
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Rare Opportunity: Two Orange Fourplexes on Two Expansive Separate Lots - Conventional Residential Financing Available – No Commercial Loan Required! 219 & 229 S. Oak Street present an exceptionally rare opportunity to acquire two contiguous fourplexes being sold together. 219 Oak was built in 1967 and 229 Oak was built in 1957. Each property consists of only four residential units, each building qualifies for its own conventional conforming residential financing, eliminating the need for commercial financing and providing investors with more attractive lending options. Together, the properties comprise 8 apartment units situated on two separate parcels totaling approximately 21,168 square feet. This unique offering allows an investor to benefit from the economies of scale associated with a larger apartment investment while maintaining the flexibility and financing advantages of owning two separate four-unit properties. Each fourplex consists of three 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, with approximately 2,738 square feet of living space per building. Located at the end of a cul-de-sac, the two buildings face one another across a beautifully landscaped shared courtyard enclosed by a classic white picket fence. This charming cottage-style setting creates exceptional curb appeal and provides residents with an inviting community atmosphere rarely found in apartment properties. Situated in one of Orange County's most desirable rental markets, this offering combines strong tenant appeal, long-term investment stability, and outstanding upside potential. Residents enjoy amenities that have become increasingly difficult to find in today's rental market: Private enclosed garages with metal roll-up doors and automatic openers One dedicated parking space directly in front of each garage In-unit washer/dryer hookups and Individual water heaters in each unit Private concrete patios and enclosed yard areas accessed through sliding glass doors From an ownership perspective, the properties offer an efficient expense structure. Residents pay for their own natural gas service, there are no house gas or house electric meters, and owner-paid expenses are generally limited to water, trash, and landscaping. In addition, new electrical subpanels have recently been installed, providing a valuable capital improvement. Opportunities to acquire adjacent fourplexes of this quality and scale in such a prime Orange location are exceptionally rare.

Highlights

Listed by Scott Gerard , 714-345-4223 Gerard Properties Inc. , 714-964-9602. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.49

Year Built

1967

County

Orange

Area

OTO - Old Towne Orange

Listing ID

OC26168756

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:7
  • Full Bathrooms:
Other:Public

Exterior Features

Lot:0-1 Unit/Acre,Cul-De-Sac,Sprinkler System,No Land Lease
Garage Capacity:16
Others:2+ Total Units
Sewer:Public Sewer
Principal Interest
$16,109
Taxes
$2,034

Home Price

$3,190,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$638,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$16,108.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $16,108.56 $2,033.63 $0.00 $18,142.19
Yearly $193,302.77 $24,403.50 $0.00 $217,706.27
Total $5,799,083.01 $732,105.00 $0.00 $6,531,188.01

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Orange, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-10T20:37:41.000Z

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