1305 W Cherry, Orange, CA 92868

Orange
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1305 W Cherry,Orange, CA 92868
$1,085,000
  • 4 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jacob neal
Office: bhhs drysdale properties
MLS#:OC26230504
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,085,000

About this home

Excellent investment opportunity in the desirable City of Orange, just minutes from Chapman University and historic Old Towne Orange! This single-story, 4-bedroom, 2-bathroom home offers 1,327 square feet of living space on a 6,000-square-foot lot and is currently generating $6,220 per month in rental income, totaling $74,640 annually. With an existing lease in place through May 31, 2027, investors can begin collecting rental income immediately without the hassle of finding tenants. The tenant pays all utilities, while the owner is responsible for landscaping service, helping keep operating expenses low. The property's proximity to Chapman University, Old Towne Orange, shopping, dining, and major freeways makes it an attractive location for long-term rental demand. Another major opportunity is the potential to convert the existing two-car garage into an Accessory Dwelling Unit (ADU). The current lease specifically allows the owner to construct an ADU within the garage during the lease...

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Home facts

  • Listing ID #:OC26230504
  • Added:30 day(s) ago
  • Updated:November 08, 2026 at 03:45 PM

Rooms and interior

  • Bedrooms:4

Heating and cooling

  • Cooling:Central Forced Air

Structure and exterior

  • Levels:1 Story

Finances and disclosures

  • Price:$1,085,000
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