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 term, subject to city permits and approvals, providing an opportunity to increase rental income and maximize the property's potential. Whether you're looking to expand your rental portfolio, secure a property near Chapman University, or invest in a desirable Orange County location with future upside, this property offers immediate cash flow and long-term potential! Property is tenant-occupied. Out of respect for tenant privacy, listing photos have been digitally edited and virtually staged to remove or replace personal furniture and belongings. No furniture shown will convey with the sale. Original, unedited photos are available upon request through the Listing Agent.

Facts and features

Schools

• Sycamore Elementary School

  elementary · K-6 · 0.1 mi

  6

• Portola Middle School

  middle · 7-8 · 0.3 mi

  5

• Orange High School

  high · 9-12 · 1.1 mi

  5

• Far Horizons Montessori School

  elementary · K-8 · 0.2 mi

• Montessori Far Horizons

  elementary · K-8 · 0.2 mi

• West Orange Elementary School

  elementary · K-6 · 0.6 mi

  5

Price history

• Oct 25, 2026 · Listed$1,085,000
• Oct 9, 2026 · Listed$1,085,000
• Jun 16, 2024 · Listing Removed—
• Jun 14, 2024 · Listed For Rent$5,600
• Jun 11, 2024 · Listing Removed—
• Jun 10, 2024 · Listing Removed$5,600
• Jun 4, 2024 · Listed For Rent$5,600
• May 15, 2024 · Price Changed For Rent$5,600

Tax history

• 2025$8,775 tax · $805,977 assessed
• 2024$8,583 tax · $790,174 assessed
• 2023$8,394 tax · $759,492 assessed
• 2022$8,233 tax · $744,600 assessed
• 2021$8,002 tax · $730,000 assessed
• 2020$4,146 tax · $361,528 assessed
• 2019$4,096 tax · $354,440 assessed
• 2018$4,034 tax · $347,491 assessed

Home value

$1,039,900

• Cotality$1,039,900
• Quantarium$1,076,994
• Collateral Analytics$995,000

Where it is