UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,150 sqft
Price per Sqft $788
Subdivision Unknown
MLS Listing ID OC26082972
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1950
Lot Size 6,599 Sqft
Property Sub-Type Single Family Residence
Property Description
The property includes a 4 bedroom, 2 bathroom front house and a newly built 2 bedroom, 1 bathroom ADU (419) completed in 2024. The front home features a flexible layout with a variety of room sizes, ideal for student housing or a traditional living setup. The ADU is finished with modern touches and an efficient design, creating a separate and private living space.
Each unit has its own laundry. The front house includes a washer and dryer in the garage, while the ADU has its own in-unit washer and dryer, making both spaces fully functional for Tenants.
Strong rental income is already in place. The front house is leased at $5,960 per month through May 31, 2026. The ADU is leased at $3,200 per month through May 31, 2027, providing immediate cash flow and stability. Combined gross income is $9,160 per month, or $109,920 annually.
At the current list price of $1,695,000, this equates to approximately a 15.4 GRM and an estimated 4.9% CAP rate, benefiting from a low expense profile with Tenants paying utilities and minimal ongoing maintenance.
With its close proximity to Chapman University and surrounding amenities, this property consistently attracts strong rental demand from students and long-term tenants alike.
This is also a great opportunity to house hack, live in one unit while collecting income from the other, or continue operating it as a fully leased investment property in one of Orange's most desirable rental locations.
Location
State CA
County Orange
Area 72 - Orange & Garden Grove, E Of Harbor, N Of 22 F
Rooms
Main Level Bedrooms 4
Interior
Interior Features All Bedrooms Down
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Orange Unified
Others
Senior Community No
Tax ID 03901217
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Submit
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Submit
Special Listing Condition Standard
Lease Land No
NEARBY SCHOOL & BUSINESS
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