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Multifamily

1026 N Shattuck Pl

1026 N Shattuck Pl, Orange, CA 92867

Listing Price: $2,025,000

Cap Rate
4.20%
Number of Units
4
GRM
16.28
Price/Unit
$506,250
Price/Gross SF
$570.10
Gross SF
3,552

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1026 North Shattuck Place, a 4-unit multifamily investment property located in Orange, California.

Built in 1963, 1026 North Shattuck Place features 4, two-bedroom / two-bath units each measuring appropriately 888 square feet. The property features highly desirable single-story construction with four garage spaces.

1026 North Shattuck Place is situated in close proximity to an abundance of attractive area amenities. Neighborhood retail centers including Tuskatella Center to the north and Palm Center, within walking distance to the south, offer residents convenient access to their everyday needs. The property is located just over one-mile from Chapman University, a major economic and housing driver for the city. Furthermore, residents enjoy easy access to the abundance of retail, dining, and entertainment options in Old Towne Orange. 1026 North Shattuck Place provides residents with easy access to State Route 55, connecting residents to employment hubs throughout Orange County.

The Orange submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.3 percent (Q4 2023) and average effective rent increase of 7.2 percent (2022 year-over-year), demonstrating the strong demand for rental housing.

Given the strength of the overall apartment market within the city of Orange, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1026 North Shattuck Place.

Investment Highlights

  • Offers Exclusively Two-Bedroom Floor Plans
  • Features Highly Desirable Single-Story Construction
  • 4 Garage Parking Spaces
  • Each Unit Features a Security Door
  • Attractive North Orange County Location, In Close Proximity to Some of Orange County's Most Popular Destinations
  • Within Walking Distance of Everyday Needs at the Albertsons Anchored Palm Center
  • 1 Mile from Chapman University, a Major Economic & Housing Driver for the Area
  • Within 1.50 Miles of the Abundance of Retail, Dining, & Entertainment Options in Old Towne Orange

Exclusively Listed By

Financing By

Multifamily

1026 N Shattuck Pl

Listing Price: $2,025,000

Cap Rate
4.20%
Number of Units
4
GRM
16.28
Price/Unit
$506,250
Price/Gross SF
$570.10
Gross SF
3,552

Investment Highlights

  • Offers Exclusively Two-Bedroom Floor Plans
  • Features Highly Desirable Single-Story Construction
  • 4 Garage Parking Spaces
  • Each Unit Features a Security Door
  • Attractive North Orange County Location, In Close Proximity to Some of Orange County's Most Popular Destinations
  • Within Walking Distance of Everyday Needs at the Albertsons Anchored Palm Center
  • 1 Mile from Chapman University, a Major Economic & Housing Driver for the Area
  • Within 1.50 Miles of the Abundance of Retail, Dining, & Entertainment Options in Old Towne Orange

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1026 North Shattuck Place, a 4-unit multifamily investment property located in Orange, California. Built in 1963, 1026 North Shattuck Place features 4, two-bedroom / two-bath units each measuring appropriately 888 square feet. The property features highly desirable single-story construction with four garage spaces. 1026 North Shattuck Place is situated in close proximity to an abundance of attractive area amenities. Neighborhood retail centers including Tuskatella Center to the north and Palm Center, within walking distance to the south, offer residents convenient access to their everyday needs. The property is located just over one-mile from Chapman University, a major economic and housing driver for the city. Furthermore, residents enjoy easy access to the abundance of retail, dining, and entertainment options in Old Towne Orange. 1026 North Shattuck Place provides residents with easy access to State Route 55, connecting residents to employment hubs throughout Orange County. The Orange submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.3 percent (Q4 2023) and average effective rent increase of 7.2 percent (2022 year-over-year), demonstrating the strong demand for rental housing. Given the strength of the overall apartment market within the city of Orange, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of activities, transportation, and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1026 North Shattuck Place.

Exclusively Listed By

Financing By

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