Just listed near the heart of Old Towne Orange, 420 N. Batavia Street is a turnkey Chapman University student housing investment with two spacious, detached homes on one lot. It's a great fit for either a cash-flowing investment or an owner user. The front house was taken down to the studs and rebuilt with a new construction expansion into a 4 bedroom, 3 bath open floor plan layout purpose-built for student living. The rear house is a brand-new 2023 construction 4 bedroom, 4 bath home built from the ground up. Together the property offers 8 bedrooms and 7 baths across 2,445 SF on a 6,401 SF lot. Both homes feature luxury vinyl plank floors, new high-end finishes and appliances, private bed/baths, ensuite laundry, air conditioning, and private patios. Tenants share a large backyard with a lounge area and spa. The property has been 100% pre-leased since 2023 with steady rent growth year over year. It is fully leased at $10,955/mo, and every lease carries a parental guarantee, giving you secure income and reduced credit risk. At $1,875,000, 420 N. Batavia is offered at a 5.02% cap rate, a 14.26 GRM, and $234,375 per bedroom. That is the lowest GRM and lowest price per bedroom of any comparable Chapman-area sale in the past two years. It is about 17% below the median price per bedroom and $165,000+ below every other 8-bedroom sale. Current rents average just $1,369 per bedroom, about 10% below comparable Chapman properties, taking the cap rate to 5.59% at market rents. Students win too: a full 12-month lease at 420 costs less than a 9-month single bedroom at Chapman's own Chapman Grand apartments. Owners can add further value by converting the garage or building a second detached ADU under California's new AB 956, and excellent loan terms are available. With nearly 10,000 students and consistently strong enrollment within walking distance, this professionally managed asset offers year-round demand, low vacancy risk, a unique hedge against California rent control, and long-term appreciation in one of Orange County's most desirable rental submarkets.
Very Clean TriPlex in Orange. Pride of Ownership. Three 2 Bedroom 1 Bath units, each have their own private patios and single garages. Excellent long term tenants. Newer Roof.. Newer Paint. Newer Front Doors and Security Screen Doors. Newer Windows. New Water Heater. 2 of the kitchens have been remodeled and all three bathrooms have been remodeled. The building has it's own laundry room that is separately metered but is currently used as a storage room. You could easily add a washer and dryer for more income. This is an excellent opportunity to own a well-maintained Triplex in Orange. Please do not disturb the tenants.
Outstanding opportunity to own two separate homes on a single lot in desirable East Orange! Ideal for multi-generational living or rental income potential, EACH residence features 3 bedrooms, 2 bathrooms, a private 2-car garage, and its own dedicated backyard. ?The FRONT HOUSE offering 1263 sq. ft. of refined living space completely renovated in 2024, boasting double-pane vinyl windows, updated flooring, and an open-concept gourmet kitchen outfitted with white and blue shaker cabinets, subtle quartz countertops, and high-end Signature appliances with a 6-burner gas cooktop. The spacious living room features a cozy fireplace and opens to a large backyard with artificial turf and serene hill views. The primary bedroom offers a newly remodeled bathroom with a modern full-size shower stall, vanity, and lighting fixtures. ?The BACK HOUSE offering 1053 sq. ft. complete privacy with 3 bedrooms, 2 bathrooms, a generous living area with a fireplace, its own private yard, and a dedicated 2-car garage. it centrally located to shopping centers, public transits, 3.5 miles to Chapman University, Old Towne Orange District, 22/5/55 freeway and toll roads.
Rare opportunity to acquire a versatile residential income property in a highly desirable Orange location, featuring a spacious 4-bedroom, 2-bathroom main residence plus a detached 1-bedroom, 1-bathroom ADU with its own full kitchen and private laundry. Offering a total of 5 bedrooms and 3 bathrooms across two separate living spaces, the property provides an attractive opportunity for investors seeking multiple rental income streams, an owner-user looking to offset housing costs, or buyers looking to capitalize on the strong rental demand in the area. The main residence has been extensively updated and offers a highly functional 4-bedroom floor plan well suited for long-term rental use. Improvements include an upgraded kitchen with granite countertops, an oversized sink, and abundant cabinet and storage space. Both bathrooms have been renovated with new vanities, tile, and fixtures, while recessed LED lighting has been installed throughout the home. Hardwood flooring extends through all four bedrooms, and the residence includes an LG washer and dryer, GE refrigerator, GE range, and GE dishwasher. The detached ADU provides an additional independent rental opportunity with its own full kitchen, private laundry, and fully paid-off solar system dedicated exclusively to the ADU. With no solar lease or payment to assume, the system offers the potential for reduced operating costs and added value for the ADU occupant. Additional property features include two fireplaces, a spacious backyard with covered gazebo, detached two-car garage, and an oversized driveway providing substantial off-street parking—an important benefit for a multi-unit rental property. Ideally situated just minutes from Chapman University and Old Towne Orange, the property benefits from proximity to a strong tenant base as well as nearby dining, shopping, entertainment, parks, schools, and everyday amenities. Convenient access to the 5, 22, 55, and 57 freeways further enhances the property's rental appeal and accessibility throughout Orange County. With two separate living spaces, extensive upgrades, abundant parking, a detached ADU with paid-off solar, and a location positioned near Chapman University and Old Towne Orange, this property presents a compelling opportunity for investors seeking flexibility, income potential, and long-term value in one of Orange's most desirable rental markets.
Experience the quintessential Old Towne Orange lifestyle with this fully leased two-on-a-lot income property, just one mile from Chapman University! The main residence (4BR/2BA, 1,522 sq.ft.) showcases authentic mid-century character with vaulted beamed ceilings, hardwood and tile flooring, dual-pane windows, and an open floor plan anchored by a cozy fireplace. Both bathrooms have been tastefully updated, and the kitchen offers oak cabinetry, granite countertops, a built-in wine rack, gas range and dishwasher. Every bedroom features generous closet space. The second residence (1BR/1BA, 405 sq.ft.), a permitted garage conversion completed in 2026, is brand new construction throughout and remains under contractor warranty, leased at $2,200 per month. The roof was fully replaced in 2025 under permit. Both units are leased through August 2027 with tenants covering utilities, producing $6,950 per month in place. Outside you'll find a covered patio, mature front landscaping, a front walkway, and a long driveway with off-street parking. The large, level rear yard is a blank canvas: add turf, landscaping and a dividing fence to give each unit its own private outdoor space. The main house is currently leased to students but drew strong interest from non-student renters as well, giving a new owner options at lease-end: renew, refresh the main house and reposition it for families or professionals, or owner-occupy while the ADU helps carry the mortgage. The seller is flexible and owns other properties in the area. If you need a unit delivered vacant, reach out and let's discuss. Just a short stroll to Chapman, the Orange Circle, and the dining, coffee and boutique shopping of Old Towne, plus Metrolink, St. Joseph Hospital, UCI Health and quick 55/22 freeway access. At $1,475,000, in-place rents equate to approximately a 17.69X GRM and a 4.41% CAP Rate. Notably, the main residence was leased at $6,100 per month as recently as July 2026. At that level the property collects $8,300 monthly, or approximately a 14.81X GRM and an estimated 5.51% CAP Rate.
Great new!! the sellers are aiming to wrap up the new roof by the end of this month. Imagine a duplex on a spacious 18,000-square-foot lot—a fantastic opportunity to boost your investment! You could live in one side while you plan your next project, or lease both units for instant, steady cash flow. Located in the highly desirable Orange Hills area, just south of Chapman, this unique property offers stunning views of the iconic Orange County Mining Co. hills. This duplex is on a large lot, giving you the flexibility to turn it into an additional ADU building. Each of the two identical units, about 1400 square feet, features a spacious, mirror-image layout with three bedrooms, two bathrooms, a master bedroom with a walk-in closet and a private bath with two sinks, and a private two-car garage. The layout ensures structural privacy between the units, connected by a garage wall and master bath, so tenants will be happy or you can create the perfect setup for an owner-occupant. The left side unit has always been a reliable rental unit for years on a comfortable 5,000-square-foot lot, providing immediate cash flow. The other side is a well-maintained, owner-occupied unit on a huge 13,000-square-foot lot. The yard is absolutely beautiful, filled with fruit trees like apples, oranges, pomegranates, and lemons, giving it that vineyard feel with a serene and peaceful atmosphere. This massive yard is the perfect canvas for developers to add detached units, build Accessory Dwelling Units (ADUs), or restructure the parcel to maximize unit density. You could live in the owner’s suite while you plan your next project. Bring your contractor, check the zoning rules, and secure a great return on your investment today! Drive-by only to start.
145 W. Mayfair Avenue is a fully renovated, turnkey three-unit multifamily investment. All three units are single-story and were completely updated inside and out in 2026. Three on-site garages offer a straightforward path to ADU construction, adding a fourth unit for an investor willing to pursue it.
8 one-bed, one-bath townhomes in the Old Towne Orange Area, right next to Hart Park. This is a fantastic Value-Add opportunity to have an 8-plex in a city without local rent control ordinances. The eight units are spread across three buildings on one lot, with two separate garage areas that house eight cars and six uncovered striped parking spots. There is a community laundry room with an electric coin-op washer/dryer. A few units have a fantastic view overlooking Hart Park and a commuter's dream of being next to public transit and the 22 Freeway. All the units have a similar layout with a living area and attached kitchenette on the ground level, while upstairs, you have a bedroom with an attached full bathroom. South Grand St is a walking pathway between Hart Park and the Old Towne Orange Plaza. Long time owner and long term tenants, all on month to month leases.
Positioned in one of Orange County's strongest rental submarkets, this income-producing property presents a rare opportunity to acquire a large bedroom-count home with immediate cash flow and significant long-term upside. Located just minutes from Chapman University, Historic Old Towne Orange, CHOC Children's Hospital, St. Joseph Hospital, shopping, restaurants, and major freeway access, the property benefits from a consistently strong tenant pool driven by students, medical professionals, and young professionals seeking housing in one of Orange County's most desirable communities. 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. The property is currently occupied by tenants with tenants paying utilities. Existing leases contain a provision allowing the seller to require tenants to vacate upon transfer of ownership, providing a new owner with flexibility to reposition the asset, implement a new leasing strategy, renovate, or capture higher market rents. 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. This property offers an exceptional combination of current cash flow, operational flexibility, rental upside, and long-term value growth in one of Southern California's most sought-after investment markets.
337-343 North Magnolia Street is a four-unit residential property located in the City of Orange, California. The property features a rare single-family-style rental profile, consisting of three newly constructed 3-bed/2-bath homes with large loft space built in 2026 and one 4-bed/2-bath home that was originally constructed in 1950 and fully renovated in 2025. The three newly constructed homes have never been lived in and feature modern interior finishes, dramatic 16-foot vaulted ceilings, spacious loft areas, in-unit laundry, private entrances, yards/patios, and all-electric systems with individual metering. The original 4-bed/2-bath home has been fully remodeled and includes a new HVAC system, offering an updated residence that complements the newly constructed units. The property is further enhanced by no shared walls, eight on-site parking spaces, individual water heaters, solar serving the three newly constructed units, new sewer laterals for all four homes, an expected 80% water utility reimbursement through RUBS, and individual trash billing directly to the City. These features help create a highly functional rental property with modern tenant amenities and a streamlined operating structure. Located near Chapman University and Old Towne Orange, the property offers residents convenient access to two of the city’s most important demand drivers.
Remodeled Triplex. Two 2 bedrooms & 1 bathroom and a Studio. All three units have been upgraded in the last Two Years. Newer roof, Appliances, Electrical panel, Flooring, Windows, Etc.. All work done professionally and with Permits. Each unit has it's own Washer and Dryer. Each 2 Bedroom units has it's own private Front and Side yard. Great location near the Downtown Circle, Chapman University, Hospitals, Shopping and Restaurants. Please do not approach tenants or walk on property.
TWO ON A LOT! Great opportunity to own a remodeled Two on a Lot in Charming Old Towne Orange. Front home is 1,116 square feet with 3 bedrooms, 2 baths and a 1 car attached garage with laundry, tile flooring and fenced front yard. Rear home is 875 Square feet with 2 bedrooms, 1 bath, newer vinyl plank flooring, an attached 1 car garage with laundry and a "To Die For" back yard with a covered patio, above-ground spa and built-in storage shed. Perfect for multi-family or potential income. Recent extensive remodeling include both kitchens and all 3 bathrooms in both units. Mini-Splits and AC wall units, newer flooring, newer roof, mostly newer windows, in both units. Quartz counter tops, stainless steel appliances (rear unit only), decorator tile and so much more! currently use as a multi-family.
Orange is located in California. Orange, California has a population of 139,195. Orange is less family-centric than the surrounding county with 33.11% of the households containing married families with children. The county average for households married with children is 34.78%.
The median household income in Orange, California is $102,125. The median household income for the surrounding county is $100,485 compared to the national median of $69,021. The median age of people living in Orange is 36 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 46.4 degrees. The average rainfall is approximately 14 inches per year, with 0 inches of snow per year.
