337 - 343 North Magnolia Street
4 Detached Residences on a Single Parcel
Marketing description
The Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire 337-343 North Magnolia Street, 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.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Investment highlights
4 detached residences on a single parcel in Orange.
3 newly constructed 3-bed/2-bath homes with lofts built in 2026.
One fully renovated 4-bed/2-bath home with new HVAC.
Detached residences with private entrances, yards/patios, and no shared walls.
Modern finishes, vaulted ceilings, loft spaces, and in-unit laundry.
8 total parking spaces provide 2 parking spaces per unit.
Solar serves the 3 newly constructed units.
New sewer laterals and new electric panels for all 4 units.
All-electric systems with individual metering for the 3 new homes.
Near Chapman University and Old Towne Orange.
Walkable access to schools, shops, restaurants, and daily needs retail.
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