Welcome to 331 W. Rosewood, an updated and spacious 4-plex in the highly sought-after city of Orange. This Covington-style property boasts an attractive unit mix, featuring three generously sized 2-bedroom, 2-bath units spanning 1,200 sq ft each, along with a sizable 3-bedroom, 2-bath unit. The ground floor 3-bedroom unit at the front is a standout offering, exceeding 1,400 sq ft and featuring a fireplace, washer & dryer hookups, and a private covered patio. Recently remodeled in November 2023, this unit showcases modern upgrades including new kitchen and bathroom cabinets, quartz countertops, and state-of-the-art stainless steel appliances. The unit also boasts two brand-new bathrooms, engineered wood flooring throughout, and new vinyl windows, ensuring a contemporary and stylish living space. The property includes four garage spaces, supplemented by two additional parking spaces, providing a total of six convenient parking spaces. A recent addition is the brand-new roof installed in November 2023, adding to the property's overall appeal and value. Three out of the four units have been thoughtfully updated, and the property is currently fully occupied. Beyond the residential units, the on-site laundry room presents an additional income opportunity. The property's alley access enhances parking convenience, while its strategic location within walking distance to Chapman University, Old Towne Orange, and CHOC Hospital. Easy access to the 22 and 5 freeways makes commuting a breeze. This investment property not only offers a steady stream of rental income but also presents the potential for increased returns through the on-site laundry facility. With a recent roof upgrade and numerous unit renovations, 331 W. Rosewood stands as a prime investment opportunity in the thriving city of Orange.