6,089 Sqft Lot
6,089 Sqft Lot
Open House
Sun May 17, 11:30am - 1:30pm
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26106490
HOA Y/N No
Year Built 1954
Lot Size 6,089 Sqft
Property Sub-Type Single Family Residence
Property Description
The property currently generates $8,600 per month in rental income, totaling over $103,000 in projected annual gross income. The front house is leased at $6,600 per month beginning July 1, while the detached 2025 ADU generates an additional $2,000 per month. With historically low vacancy and strong rental performance year after year, this property offers immediate cash flow with long-term upside potential.
Located in one of Orange's most sought-after rental corridors near Chapman University, the property consistently attracts tenants seeking housing close to campus, helping drive above-market rental demand compared to many traditional single-family rentals. At the same time, the location appeals far beyond the university market with convenient access to CHOC, St. Joseph Hospital, Angels Stadium, Disneyland, OC Vibe, Old Towne Orange, dining, entertainment, and major Orange County freeways.
The newly constructed ADU adds flexibility and value by creating multiple income streams and future options for owner occupancy, multigenerational living, or supplemental rental income. This property is ideal for investors seeking stable cash flow in a high-demand rental market, owner-users looking to offset expenses with rental income, or parents wanting to secure housing for a Chapman student while benefiting from long-term appreciation potential.
Investment opportunities combining strong income, a brand-new ADU, central Orange location, and proven rental demand are increasingly difficult to find.
Location
State CA
County Orange
Area Oto - Old Towne Orange
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Parking Features Driveway
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 03902407
Acceptable Financing Cash, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
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