420 N Batavia, Orange, CA 92868
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
420 N Batavia,Orange, CA 92868
$1,875,000
- 8 Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: shane young, daniel lewin
Office: younglewin advisors, inc.
MLS#:PW26212529
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,875,000
About this home
Just listed near the heart of Old Towne Orange, 420 N. Batavia Street is a turnkey Chapman University student housing investment with two spacious, detached homes on one lot. It's a great fit for either a cash-flowing investment or an owner user. The front house was taken down to the studs and rebuilt with a new construction expansion into a 4 bedroom, 3 bath open floor plan layout purpose-built for student living. The rear house is a brand-new 2023 construction 4 bedroom, 4 bath home built from the ground up. Together the property offers 8 bedrooms and 7 baths across 2,445 SF on a 6,401 SF lot. Both homes feature luxury vinyl plank floors, new high-end finishes and appliances, private bed/baths, ensuite laundry, air conditioning, and private patios. Tenants share a large backyard with a lounge area and spa. The property has been 100% pre-leased since 2023 with steady rent growth year over year. It is fully leased at $10,955/mo, and every lease carries a parental guarantee, giving you secure income and reduced credit risk. At $1,875,000, 420 N. Batavia is offered at a 5.02% cap rate, a 14.26 GRM, and $234,375 per bedroom. That is the lowest GRM and lowest price per bedroom of any comparable Chapman-area sale in the past two years. It is about 17% below the median price per bedroom and $165,000+ below every other 8-bedroom sale. Current rents average just $1,369 per bedroom, about 10% below comparable Chapman properties, taking the cap rate to 5.59% at market rents. Students win too: a full 12-month lease at 420 costs less than a 9-month single bedroom at Chapman's own Chapm...
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Home facts
- Listing ID #:PW26212529
- Added:8 day(s) ago
- Updated:October 08, 2026 at 02:42 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:7
Finances and disclosures
- Price:$1,875,000
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