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1305 W Cherry, Orange, CA 92868

$1,085,000 Approx. USD 0 beds, 0 baths

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Photo of Lisa Cooper

Marketed By Lisa Cooper REALTOR® - Sales Associate 949-300-1236 m
Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com Monarch Beach Office
2 Ritz Carlton Drive, Ste, 201
Monarch Beach, CA 92629
Phone: 949-443-2000
Fax: 949-443-2209

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Listing Agent

Jacob Neal | jacob.neal@bhhsdrysdale.com
Lic#: 02097852
Broker: Courtesy of BHHS Drysdale Properties
Phone: 925-244-1933

Agent Remarks

Excellent investment opportunity in the desirable City of Orange, just minutes from Chapman University and historic Old Towne Orange! This single-story, 4-bedroom, 2-bathroom home offers 1,327 square feet of living space on a 6,000-square-foot lot and is currently generating $6,220 per month in rental income, totaling $74,640 annually. With an existing lease in place through May 31, 2027, investors can begin collecting rental income immediately without the hassle of finding tenants. The tenant pays all utilities, while the owner is responsible for landscaping service, helping keep operating expenses low. The property's proximity to Chapman University, Old Towne Orange, shopping, dining, and major freeways makes it an attractive location for long-term rental demand. Another major opportunity is the potential to convert the existing two-car garage into an Accessory Dwelling Unit (ADU). The current lease specifically allows the owner to construct an ADU within the garage during the lease term, subject to city permits and approvals, providing an opportunity to increase rental income and maximize the property's potential. Whether you're looking to expand your rental portfolio, secure a property near Chapman University, or invest in a desirable Orange County location with future upside, this property offers immediate cash flow and long-term potential! Property is tenant-occupied. Out of respect for tenant privacy, listing photos have been digitally edited and virtually staged to remove or replace personal furniture and belongings. No furniture shown will convey with the sale. Original, unedited photos are available upon request through the Listing Agent.

Listing Details

Property type: Single Family Residence (Multi-Family)

Status: Active

MLS# OC26230504

Price: $1,085,000

HOA Fee is $0.00

Beds: 0

Baths: 0

Living Room fireplaces

Built in 1955

1 story

0.14 acres

Lot size: 0.1377

County: Orange

Interior features: All Bedrooms Down

Parking description: Door-Multi,Driveway,Garage

Lot description: ZeroToOneUnitAcre

Heating/cooling: Central Air

Heating description: Central

MLS area: OTO - Old Towne Orange

Last Updated: 10/26/2026

Days On Market (DOM): 1

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This listing belongs to the OTO - Old Towne Orange MLS area

Lat/Long: 33.793946, -117.865909.
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Source: CRM. Also Available in OC26220349,

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Previous Listing

Photo of Lisa Cooper

Lisa Cooper REALTOR® - Sales Associate 949-300-1236 m
Lic#: 01084345
NRDS ID: 205500994
lisa@lisacooper.com
Monarch Beach Office
2 Ritz Carlton Drive, Ste, 201
Monarch Beach, CA 92629