304 N Glassell St Orange, CA 92866

Agent Remarks: A RARE opportunity to own 5 UNITS directly across the street from the acclaimed Chapman University and 2 short blocks from the downtown Orange Historic Plaza! This multi-family property consists of a front house built in 1909, now housing 3 separate 1 bed/1 bath units PLUS a rear duplex with 2, 1 bed/ 1 bath units. Located on a prominent corner lot and zoned Old Towne Mixed Use Spoke Street, this property had not changed hands in DECADES. With over 3000 square feet of total living area on a lot size of 6842 square feet, this is truly an investor's dream acquisition. Each unit is separately metered for electricity, the front and rear buildings each have 2 gas meters and there is a common water meter for all units. A detached garage plus long driveway and an extra parking space separate the 2 buildings. A side yard to the west of the duplex offers potential additional parking options. The duplex is a fixer and waiting to be restored to its original beauty. The main house has wonderful vintage detailing throughout including pocket doors, picture moldings, 5 panel doors, crystal doorknobs, custom wood banisters and more. The upstairs unit enjoys a front sleeping porch in addition to a spacious bedroom! Both the main house and the duplex were tastefully painted on the exterior approximately 2 years ago. With student housing in demand, vacancies are never an issue at this location. This property should qualify for the Mills Act Tax Reduction Program. Please contact the City of Orange to confirm eligibility and explore the Mixed Use possibilities with the City of Orange for additional options and a location that just can't be beat!

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