7 Beds
4 Baths
2,668 SqFt
7 Beds
4 Baths
2,668 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,668 sqft
Price per Sqft $632
MLS Listing ID PW26150599
Bedrooms 7
Full Baths 4
HOA Y/N No
Year Built 1922
Lot Size 7,261 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
For investors, this property offers compelling value-add potential. 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.
Location
State CA
County Orange
Area Oto - Old Towne Orange
Rooms
Basement Unfinished, Utility
Main Level Bedrooms 7
Interior
Interior Features All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Heating Central
Cooling Central Air
Fireplaces Type Family Room
Fireplace Yes
Appliance Dishwasher, Dryer, Washer
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Suburban, Sidewalks
View Y/N No
View None
Porch Concrete
Total Parking Spaces 2
Private Pool No
Building
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
New Construction No
Schools
School District Orange Unified
Others
Senior Community No
Tax ID 39060222
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://www.wellcomemat.com/mls/5haqc7e500141mn6j
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