Property listed by BHHS Drysdale Properties, Jacob Neal 209-642-2292
1305 W Cherry
Orange, CA 92868
Beds
4
Baths
2
Square Ft.
1,327
$1,085,000
Excellent opportunity to own an income-producing property in the desirable City of Orange! Currently leased for $6,220 per month, the property generates $74,640 in annual gross rental income, with the existing lease running through May 31, 2027. The tenant pays all utilities, while the owner covers landscaping service, helping keep… Read More operating expenses low. Investors can benefit from immediate rental income with an established tenant in place, while future homeowners have the opportunity to collect rent now and potentially move in after the lease expires, subject to applicable tenancy requirements. The existing lease also allows the owner to construct an Accessory Dwelling Unit (ADU) within the garage during the lease term, subject to city permits and approvals, offering the potential for additional rental income or future personal use. Conveniently located near Chapman University, Old Towne Orange, shopping, dining, and major freeways, this property offers strong rental appeal and long-term flexibility for investors and future homeowners alike. Read Less
Listing Snapshot
Days Online
5
Last Updated
Property Type
SingleFamilyResidence
Beds
4
Full Baths
2
Square Ft.
1,327
Lot Size
0.14 Acres
Year Built
1955
MLS Number
OC26220349
Additional Details
Building
Built in 1955, Living area: 1327.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: 1
Community
Sidewalks
Cooling
CentralAir
Fireplaces
LivingRoom
Garage
2 spaces
Heating
Central
Home Owner's Association
Association Fee: $0
Interior Features
AllBedroomsDown
Laundry
InGarage
Lot
0.1377 acres, ZeroToOneUnitAcre
Parking
2 total parking spaces, DoorMulti, Driveway, Garage
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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