Investment Opportunity in the Heart of Orange. A rare value-add opportunity for investors: this triplex is priced to reflect two known capital items: a repipe and a new roof over the garage only (with estimates available). Complete the work and step into equity upside. Additional equity opportunity with further renovations. The property is comprised of one 3-bedroom, 2-bath unit and two 2-bedroom, 1-bath units, occupied by long-term tenants in a highly desirable rental pocket. Parking onsite including three garage spaces (2-car and a 1-car), plus an on-site laundry room offering additional income potential. Location is unbeatable: just down the street from Chapman University, the Orange Circle, and all the offerings of Old Town Orange--shops, dining, and services. Got a train to catch? Orange Transportation Center (OTO) is located just 2.7 miles away and the Anaheim Canyon Station is only 3.3 miles out — plus easy access to local freeways. This is a well-located, income-producing asset with a clear path to added value.
Under contract
Listed by: Freedom First Properties • Marc Smith • Contact: 714-941-9669
$1,175,000
312 E Meats Ave, Orange, CA 92865
7beds
4baths
2,744sqft
Triplex
Built in 1973
-- sqft lot
$-- Zestimate®
$428/sqft
$-- HOA
What's special
- 14 days |
- 425 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Marc Smith DRE #01956931 marc@freedomfirstproperties.com,
Freedom First Properties,
Melinda Johnson DRE #01764472,
Freedom First Properties
Source: CRMLS,MLS#: PW26145340
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Appliances
- Included: Disposal
- Laundry: Common Area
Features
- All Bedrooms Down
- Has fireplace: Yes
- Fireplace features: Wood Burning
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,744
- Total interior livable area: 2,744 sqft
Property
Parking
- Total spaces: 3
- Parking features: Asphalt, Garage, Paved
- Garage spaces: 3
Accessibility
- Accessibility features: No Stairs
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Block
- Has view: Yes
- View description: None
Lot
- Size: 9,148 Square Feet
- Features: Corner Lot
Details
- Parcel number: 37443106
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban, Sidewalks
Location
- Region: Orange
Financial & listing details
- Price per square foot: $428/sqft
- Tax assessed value: $304,676
- Annual tax amount: $4,064
- Date on market: 7/5/2026
- Cumulative days on market: 15 days
- Listing terms: 1031 Exchange
- Total actual rent: 5350
- Tenant pays: Cable TV, Electricity
Estimated market value
Not available
Estimated sales range
Not available
$4,778/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/19/2026 | Contingent | $1,175,000$428/sqft |
Source:  CRMLS #PW26145340 Report a problem | ||
| 7/16/2026 | Listed for sale | $1,175,000$428/sqft |
Source: CRMLS #PW26145340 Report a problem | ||
| 7/11/2026 | Contingent | $1,175,000$428/sqft |
Source: CRMLS #PW26145340 Report a problem | ||
| 7/6/2026 | Listed for sale | $1,175,000$428/sqft |
Source: CRMLS #PW26145340 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,064 +2.4% | $304,676 +2% |
| 2024 | $3,968 +2.5% | $298,702 +2% |
| 2023 | $3,873 +2.1% | $292,846 +2% |
| 2022 | $3,792 +2.6% | $287,104 +2% |
| 2021 | $3,695 +1% | $281,475 +1% |
| 2020 | $3,660 | $278,589 +2% |
| 2019 | $3,660 +1.1% | $273,127 +2% |
| 2018 | $3,621 +5.4% | $267,772 +2% |
| 2017 | $3,436 | $262,522 +2% |
| 2016 | $3,436 +1.8% | $257,375 +1.5% |
| 2015 | $3,374 +3.7% | $253,509 +2% |
| 2014 | $3,254 | $248,544 +0.5% |
| 2013 | -- | $247,421 +2% |
| 2012 | -- | $242,570 +2% |
| 2011 | -- | $237,814 +0.8% |
| 2010 | -- | $236,037 -0.2% |
| 2009 | -- | $236,599 +2% |
| 2008 | -- | $231,960 +2% |
| 2007 | -- | $227,412 +2% |
| 2006 | -- | $222,953 +2% |
| 2005 | -- | $218,582 +2% |
| 2004 | -- | $214,297 +1.9% |
| 2003 | -- | $210,370 +2% |
| 2002 | -- | $206,246 +2% |
| 2001 | $2,222 +1.9% | $202,202 +2% |
| 2000 | $2,180 | $198,238 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 92865
Nearby schools
GreatSchools rating
- 9/10Fletcher Mandarin Language & Gate AcademyGrades: K-6Distance: 0.7 mi
- 5/10Cerro Villa Middle SchoolGrades: 7-8Distance: 1.9 mi
- 8/10Villa Park High SchoolGrades: 9-12Distance: 1.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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