337 343 N Magnolia StreetOrange, CA 92866

Multi-Family · 4,976 Sq. ft. | 0.33 Acres
$3,450,000 Active

337 343 N Magnolia Street Overview

Time on Site:
2 hours
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337-343 North Magnolia Street is a four-unit residential property located in the City of Orange, California. The property features a rare single-family-style rental profile, consisting of three newly constructed 3-bed/2-bath homes with large loft space built in 2026 and one 4-bed/2-bath home that was originally constructed in 1950 and fully renovated in 2025. The three newly constructed homes have never been lived in and feature modern interior finishes, dramatic 16-foot vaulted ceilings, spacious loft areas, in-unit laundry, private entrances, yards/patios, and all-electric systems with individual metering. The original 4-bed/2-bath home has been fully remodeled and includes a new HVAC system, offering an updated residence that complements the newly constructed units. The property is further enhanced by no shared walls, eight on-site parking spaces, individual water heaters, solar serving the three newly constructed units, new sewer laterals for all four homes, an expected 80% water utility reimbursement through RUBS, and individual trash billing directly to the City. These features help create a highly functional rental property with modern tenant amenities and a streamlined operating structure. Located near Chapman University and Old Towne Orange, the property offers residents convenient access to two of the city’s most important demand drivers.

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337 343 N Magnolia Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,976
  • Price/Sq.ft. $693
  • Lot 0.33 Acres

Details

General

Association/HOA

  • Common Interest: Community Apartment

Income/Expenses

  • Electric Expense: 850.0
  • Fuel Expense: 850.0
  • Gross Income: 244000.0
  • Gross Scheduled Income: 241200.0
  • Insurance Expense: 2800.0
  • Maintenance Expense: 4000.0
  • Net Operating Income: 187013.0
  • New Taxes Expense: 36546.0
  • Operating Expense: 49751.0
  • Trash Expense: 850.0
  • Water Sewer Expense: 850.0

Building Information

  • New Construction: No
  • Year Built: 1950

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: OTO - Old Towne Orange
  • Postal City: ORANGE

Community/Development

  • Community Features: Curbs,Gutter(s),Street Lights,Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Cash to New Loan,Conventional,1031 Exchange
  • Parcel Number: 38612307
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 1.0
  • Garage: Yes

Building Interior

  • Building Area Total: 4976.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Dryer,Washer
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: First level
  • Levels: Two
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Total: 1.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Street Level
  • Lot Size Acres: 0.3306
  • Lot Size Area: 14400.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 14400.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: No

General Information

  • Number Of Units Total: 4
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

337 343 N Magnolia Street Neighborhood

Community

92866 (Orange) Demographics

35
Median Age
7,986
Population Density (per sq. mile)
43%
College Educated
$75,562
Estimated Median Income
1,916
Estimated Total Home Owners
3,627
Estimated Total Renters
35% / 65%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

337 343 N Magnolia Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

337 343 N Magnolia Street Market Data

Based on the last 30 days in this zip code

$1,080,494
Average List Price
$769
Average Price per Square Foot
5
Properties Sold
52
Average Days on Market
34
Properties for Sale
Calculations provided by Reliance Network

337 343 N Magnolia Street History

Date Event Value Agent
6/29/2026Source: CRMLS Added to Database
June 29, 2026
Listing provided courtesy of Marcus & Millichap RE InvestTyler Leeson- MLS# OC26141584MLS ProviderContact Information: [email protected] - 949-419-3200
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