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Kit Jin

kit@jinshomegroup.com +1(949) 688-3629

$ 1,085,000

Est. payment | -/mo

4 Beds

2 Baths

1,327 SqFt

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$ 1,085,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

1,327 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,327 sqft

Price per Sqft $817

MLS Listing ID OC26220349

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1955

Lot Size 5,998 Sqft

Property Sub-Type Single Family Residence

Property Description

Excellent opportunity to own an income-producing property in the desirable City of Orange! Currently leased for $6,220 per month, the property generates $74,640 in annual gross rental income, with the existing lease running through May 31, 2027. The tenant pays all utilities, while the owner covers landscaping service, helping keep operating expenses low. Investors can benefit from immediate rental income with an established tenant in place, while future homeowners have the opportunity to collect rent now and potentially move in after the lease expires, subject to applicable tenancy requirements. The existing lease also allows the owner to construct an Accessory Dwelling Unit (ADU) within the garage during the lease term, subject to city permits and approvals, offering the potential for additional rental income or future personal use. Conveniently located near Chapman University, Old Towne Orange, shopping, dining, and major freeways, this property offers strong rental appeal and long-term flexibility for investors and future homeowners alike.

Location

State CA

County Orange

Area Oto - Old Towne Orange

Rooms

Main Level Bedrooms 4

Interior

Interior Features All Bedrooms Down

Heating Central

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Laundry In Garage

Exterior

Parking Features Door-Multi, Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/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 03929330

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=Y9qS5FvX2Ui

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Listed by Jacob Neal BHHS Drysdale Properties 209-642-2292, DRE #02097852

NEARBY SCHOOLS & PROPERTIES

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(949) 688-3629

kit@jinshomegroup.com

20 Corporate Park # 175, Irvine, CA 92606, United States

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1305 W Cherry Orange, CA 92868