2026 North Park Lane

Orange, CA 92865

$1,875,000
Price
9
Beds
8
Baths
4,394 Sq. Ft.
$427 / Sq. Ft.
4,394
Sq. Ft.
$427
per Sq. Ft.

Description

The Park Lane Apartments, are a recently renovated, Covington style 4-plex located within the Villa Park school district in the city of Orange. The subject property has recently received over $125,000 in renovations including new exterior paint, new windows, new landscaping, exterior lighting and new air conditioning condensers. The building is comprised of four nicely appointed units: 1 (3+2.5 TH), 1 (2+2), and 2 (2+1.5 TH). Constructed in 1975, the subject property has 4,394 rentable square feet...The Park Lane Apartments, are a recently renovated, Covington style 4-plex located within the Villa Park school district in the city of Orange. The subject property has recently received over $125,000 in renovations including new exterior paint, new windows, new landscaping, exterior lighting and new air conditioning condensers. The building is comprised of four nicely appointed units: 1 (3+2.5 TH), 1 (2+2), and 2 (2+1.5 TH). Constructed in 1975, the subject property has 4,394 rentable square feet and sits atop a 9,360 square foot lot. Three of the four units are townhome style with an upstairs downstairs floor plan. All 4 have enclosed patio areas and have access to a gated back yard area. There are 5 large enclosed garages at the property along with two additional spaces. Each of the apartments is separately metered for gas and electric and has central A/C. An onsite laundry room brings in additional income. The Park Lane Apartments present a unique opportunity for an owner occupant or investor to purchase a turn key apartment asset in a sought-after rental neighborhood in the city of Orange.
  1. Listed by Michael Arp • DRE #01488586 • Brokerage DRE #01220368 • Morgan Skenderian • 949-251-8800

Property Details for 2026 North Park Lane

Parking Spaces Total
7
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4394
Assessor Parcel Number
372-131-21

Location

Listing Courtesy of Morgan Skenderian, Michael Arp, DRE #01488586
Add your commute
LISTING UPDATED: 04/19/2024 11:29 PM

Property Details for 2026 North Park Lane

StatusActive
MLS #PW24078264
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1975
Lot Size0.21 AC / 9,148 SF
CountyOrange County

Location

Listing Courtesy of Morgan Skenderian, Michael Arp, DRE #01488586
Add your commute

Building Information for 2026 North Park Lane

Stories2Residences-Year Built1975Building Size-Lot Size0.21 AC / 9,148 SF

Payment Calculator

$10,526 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,233

Property Taxes

$293

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2026 North Park Lane

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Parking Fee
Income / Expense / Tax Details
Income Details
  • Gross Income: $14,160
  • Gross Scheduled Income: $106,332
  • Vacancy Allowance: 2083
  • Vacancy Allowance Rate: 2
  • Net Operating Income: $71,329
  • Number Of Rented Garages: 4
  • Garage Rental Rate: $250
  • Garage Income: $1,000
  • Laundry Income: $180
  • Gross Multiplier: 17.63
  • Cap Rate: 3.8
Expense Details
  • Operating Expense: $32,919
  • Fuel Expense: $1,250
  • Electric Expense: $1,250
  • Insurance Expense: $3,000
  • Maintenance Expense: $5,210
  • Trash Expense: $1,250
  • Water Sewer Expense: $1,250
  • Total Expenses: $33,518
Tax / Assessment Info
  • Tax Tract Number: 64
  • Tax Census Tract: 758.11
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 22
Community / Development
Community / Development
  • Community Features: Curbs, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Window Features: Double Pane Windows
  • Entry Location: Ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Rectangular Lot, Level
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,670
  • Unit Type Total Rent: $1,670
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,047
  • Unit Type Total Rent: $2,047
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,917
  • Unit Type Total Rent: $1,917
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,047
  • Unit Type Total Rent: $2,047
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 55
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Range: 4
  • Number With Disposal: 4

Property History for 2026 North Park Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2026 North Park Lane

Taxable ValueLand$37,608Additions$197,480Total$235,088
Tax Record2023$3,518 ($293 / month)
Home Facts
Total Finished SqFt4,395 SqFtAbove Grade Finished SqFt4,395 SqFtStories2Lot Size9,448 SqFtStyleQuadraplexYear Built1975CountyORANGEAPN372-131-21

Schools near 2026 North Park Lane

This home is within Orange Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Taft Elementary School
PublicK to 6

Cerro Villa Middle School
Public7 to 8

Villa Park High School
Public9 to 12

Richland Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2026 North Park Lane is a multi-family home for sale in Orange, CA 92865. This property was listed for sale on April 19, 2024 by Morgan Skenderian, it's currently listed at $1,875,000. It has been on the market for a total of 14 days and was last sold on February 23, 2024. This listing's school district is Orange Unified School District. Nearby schools include Taft Elementary School, Cerro Villa Middle School and Villa Park High School. 2026 North Park Lane is a 9-bed, 8-bath, 4,394 sqft multi-family home built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Michael Arp, DRE #01488586

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.