About this home

Positioned in one of Orange County's strongest rental submarkets, this income-producing property presents a rare opportunity to acquire a large bedroom-count home with immediate cash flow and significant long-term upside. Located just minutes from Chapman University, Historic Old Towne Orange, CHOC Children's Hospital, St. Joseph Hospital, shopping, restaurants, and major freeway access, the property benefits from a consistently strong tenant pool driven by students, medical professionals, and young professionals seeking housing in one of Orange County's most desirable communities. Built in 1922, the residence offers approximately 2,668 square feet above grade (basement not included) on a 7,263 square foot lot. The well-designed floor plan features seven bedrooms and four bathrooms, including one private ensuite bedroom, two spacious living rooms, and one shared kitchen. Six bedrooms share three bathrooms, thoughtfully configured with two bedrooms per bathroom. The basement includes the washer and dryer, central HVAC system, furnace, and water heater, maximizing the functionality of the primary living space. The property is currently occupied by tenants with tenants paying utilities. Existing leases contain a provision allowing the seller to require tenants to vacate upon transfer of ownership, providing a new owner with flexibility to reposition the asset, implement a new leasing strategy, renovate, or capture higher market rents. Current occupancy leaves an immediate opportunity to increase income. Additionally, existing rents appear below prevailing market rates for comparable private-bedroom rentals near Chapman University, creating further upside through strategic lease renewals and professional management. The surrounding neighborhood has demonstrated strong long-term appreciation, supported by Chapman University's continued expansion, ongoing investment in Historic Old Towne Orange, proximity to world-class healthcare employers, and limited inventory of large homes suitable for student and shared housing. These market fundamentals have consistently driven both rental demand and property values, making this an attractive acquisition for investors seeking stable cash flow with meaningful appreciation potential. This property offers an exceptional combination of current cash flow, operational flexibility, rental upside, and long-term value growth in one of Southern California's most sought-after investment markets.

Facts and features

Schools

• West Orange Elementary School

  elementary · K-6 · 0.8 mi

  5

• Portola Middle School

  middle · 7-8 · 1.0 mi

  5

• Orange High School

  high · 9-12 · 1.1 mi

  5

• Holy Family Elementary School

  elementary · PK-8 · 0.1 mi

• Little Learners Preschool

  elementary · PK-K · 0.2 mi

• St John's Lutheran School

  elementary · K-8 · 0.4 mi

Price history

• Jul 10, 2026 · Listed$1,688,000
• Jul 10, 2026 · Listed$1,688,000
• Mar 17, 2026 · Listing Removed—
• Nov 5, 2025 · Listed For Rent$7,250
• May 24, 2024 · Listing Removed—
• Apr 22, 2024 · Listed For Rent$5,000
• Sep 20, 2017 · Listing Removed$1,000
• Aug 27, 2017 · Listing Removed$6,900

Tax history

• 2025$8,824 tax · $810,897 assessed
• 2024$8,631 tax · $794,998 assessed
• 2023$8,442 tax · $764,128 assessed
• 2022$8,280 tax · $749,146 assessed
• 2021$8,048 tax · $734,457 assessed
• 2020$7,986 tax · $726,927 assessed
• 2019$7,884 tax · $712,674 assessed
• 2018$7,764 tax · $698,700 assessed

Home value

$1,671,000

• Collateral Analytics$1,671,000

Where it is