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.
Sold for $1,815,000 on 05/28/24
Listing Provided by:
Michael Arp DRE #01488586 949-251-8800,
Morgan Skenderian
$1,815,000
2026 N Park Ln, Orange, CA 92865
--beds
--baths
4,394sqft
Quadruplex
Built in 1975
-- sqft lot
$1,856,200 Zestimate®
$413/sqft
$2,831 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 31, 2024 at 09:59am
Listing Provided by:
Michael Arp DRE #01488586 949-251-8800,
Morgan Skenderian
Bought with:
Theodore Wong, DRE #02016737
Compass
Source: CRMLS,MLS#: PW24078264
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Windows: Double Pane Windows
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,394
- Total interior livable area: 4,394 sqft
Property
Parking
- Total spaces: 7
- Parking features: Garage
- Garage spaces: 5
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Ground
- Pool features: None
Lot
- Size: 9,148 sqft
- Features: Corner Lot, Level, Rectangular Lot
Details
- Parcel number: 37213121
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected
Community & neighborhood
Community
- Community features: Curbs, Street Lights
Location
- Region: Orange
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
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Estimated market value
$1,856,200