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 PW-26150599
Bedrooms 7
Full Baths 4
Year Built 1922
Lot Size 7,261 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
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
Interior
Heating Central
Cooling Central Air
Fireplaces Type Family Room
Laundry Dryer Included, Inside, Washer Included
Exterior
Garage Spaces 2.0
Pool None
Community Features Sidewalks, Street Lights, Suburban
View Y/N No
View None
Building
Lot Description Lot 6500-9999
Sewer Public Sewer
Others
Virtual Tour https://www.wellcomemat.com/mls/5haqc7e500141mn6j
Nearby Locations
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Lic# 01770909 | 01834114