UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,150 sqft
Price per Sqft $788
Subdivision Unknown
MLS Listing ID OC26082972
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1950
Lot Size 6,599 Sqft
Property Sub-Type Single Family Residence
Property Description
The property features a 4 bedroom, 2 bathroom front house along with a newly built 2024 detached 2 bedroom, 1 bathroom ADU in the rear. Whether you are a parent looking to purchase housing for your Chapman student, a young family wanting help with monthly payments, or a buyer planning for long-term wealth creation, this setup provides flexibility that is hard to find in Orange.
The rear ADU is currently leased at $3,200 per month through May 31, 2027, creating stable income from day one. Live in the front house while the ADU helps offset your mortgage, insurance, taxes, and monthly expenses. For many buyers, this can dramatically reduce the true monthly cost of ownership compared to purchasing a traditional single family home.
The front house offers a flexible layout with a variety of bedroom sizes, making it ideal for families, roommates, or students. The detached ADU was completed in 2024 with modern finishes, private living space, and its own in-unit washer and dryer. The front house also includes separate laundry located in the garage.
For parents of Chapman students, this property creates the ability to own instead of rent during college years while benefiting from rental income and long-term appreciation in one of Orange's strongest housing markets. Buyers can live in one unit today and maintain a future investment property with proven rental demand near Chapman University.
The property can also function as a fully leased investment, currently generating $9,110 per month in gross rental income. At the current list price of $1,695,000, the property has an approximate 15.4 GRM and an estimated 4.9% CAP rate, supported by a low expense profile with Tenants paying utilities.
Properties that combine owner-occupant flexibility, newer construction, and strong income potential, this close to Chapman University, rarely come available.
Location
State CA
County Orange
Area 72 - Orange & Garden Grove, E Of Harbor, N Of 22 F
Rooms
Main Level Bedrooms 4
Interior
Interior Features All Bedrooms Down
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Orange Unified
Others
Senior Community No
Tax ID 03901217
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Submit
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Submit
Special Listing Condition Standard
Nearby Locations
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