43
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$1,249,000
Est. payment /mo
3,524 Sqft Lot
New
611 W Walnut AVE Orange, CA 92868
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25121439
HOA Y/N No
Year Built 1947
Lot Size 3,524 Sqft
Property Sub-Type Single Family Residence
Property Description
We are pleased to present a prime investment opportunity at 611 and 613 W Walnut in Orange, California. Located just minutes from Chapman University, these two standalone homes—each featuring 2 bedrooms and 2 bathrooms—offer stable rental income in a high-demand student housing market.
The homes are fully leased, with 611 W Walnut bringing in $3,150 monthly and 613 W Walnut achieving a strong $3,425 monthly rent, showcasing the property's upside potential. The below-market rent at 611 highlights a clear path for future income growth, while the higher rent at 613 sets the benchmark for what both homes can achieve.
Both units cater perfectly to Chapman students seeking privacy, modern amenities, and proximity to campus. Situated on a quiet, permit-only parking street with updated features and strong rental appeal, these properties are easy to lease and ideal for hands-off ownership.
With stabilized tenants, consistent demand from Chapman's growing student population, and the proven rent performance of 613, this offering provides a compelling mix of immediate income and future upside. Whether you're a seasoned investor or looking to break into the Orange market, 611 and 613 W Walnut deliver the kind of reliable returns and appreciation potential that make for a smart long-term hold.
The homes are fully leased, with 611 W Walnut bringing in $3,150 monthly and 613 W Walnut achieving a strong $3,425 monthly rent, showcasing the property's upside potential. The below-market rent at 611 highlights a clear path for future income growth, while the higher rent at 613 sets the benchmark for what both homes can achieve.
Both units cater perfectly to Chapman students seeking privacy, modern amenities, and proximity to campus. Situated on a quiet, permit-only parking street with updated features and strong rental appeal, these properties are easy to lease and ideal for hands-off ownership.
With stabilized tenants, consistent demand from Chapman's growing student population, and the proven rent performance of 613, this offering provides a compelling mix of immediate income and future upside. Whether you're a seasoned investor or looking to break into the Orange market, 611 and 613 W Walnut deliver the kind of reliable returns and appreciation potential that make for a smart long-term hold.
Location
State CA
County Orange
Area Oto - Old Towne Orange
Interior
Fireplace No
Laundry Inside
Exterior
Parking Features Driveway
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 03908308
Acceptable Financing Cash, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
Lease Land No
Listed by Jacob Neal • BHHS Drysdale Properties • 209-642-2292
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