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Marissa Buss & Danny Lampert

marissabussre@gmail.com +1(818) 515-7131

Listed by Jacob Neal • Unknown Office

$ 1,085,000

Est. payment | -/mo

4 Beds

2 Baths

1,327 SqFt

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$ 1,085,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

1,327 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,327 sqft

Price per Sqft $817

MLS Listing ID OC-26220349

Bedrooms 4

Full Baths 2

Year Built 1955

Lot Size 6,000 Sqft

Property Sub-Type Single Family Residence

Source California Regional Multiple Listing Service (CRMLS)

Property Description

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 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.

Location

State CA

County Orange

Area Oto - Old Towne Orange

Interior

Heating Central

Cooling Central Air

Fireplaces Type Living Room

Laundry In Garage

Exterior

Parking Features Driveway

Garage Spaces 2.0

Pool None

Community Features Sidewalks

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Others

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Marissa Buss & Danny Lampert

Lic# 01770909 | 01834114

marissabussre@gmail.com

+1(818) 515-7131

2475 Townsgate Rd Ste. 160, Westlake Village, CA 91361

1305 West Cherry Orange, CA 92868

Marissa Buss & Danny Lampert

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1305 West Cherry