Home | Orange County | Orange | 92868 | 1305 W Cherry
MLS: CROC26220349 | Status: Active | Price: $1,085,000
Beds/Baths: 4 / 2
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 4 | 2 | 1,327 | 6,000 | 1955 |
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.
| Field | Value |
|---|---|
| MLS # | CROC26220349 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Bedrooms | Ground Floor Bedroom |
| Fireplace | Living Room |
| Laundry | In Garage |
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Other, Garage: 2 Car(s) |
| Elementary District | Orange Unified |
| High School District | Orange Unified |
| HOA Fee | $0 |
Jacob Neal
BHHS Drysdale Properties
License #: 02097852
Phone: –
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Sycamore Elementary School | public | K-6 | 0.14 mi | 6 |
| Portola Middle School | public | 7-8 | 0.30 mi | 5 |
| West Orange Elementary School | public | K-6 | 0.60 mi | 5 |
| Richland Continuation High School | public | 9-12 | 0.67 mi | 1 |
| Orange High School | public | 9-12 | 1.15 mi | 5 |
| Cambridge Elementary School | public | K-6 | 1.26 mi | 2 |
| Yorba Middle School | public | 7-8 | 1.45 mi | 6 |
| California Elementary School | public | K-6 | 1.57 mi | 7 |
| Fairhaven Elementary School | public | K-6 | 1.62 mi | 7 |
| Palmyra Gate Magnet | public | K-6 | 1.68 mi | 7 |
| Taft Elementary School | public | K-6 | 2.11 mi | 7 |
| Guinn (James M.) Elementary School | public | K-6 | 2.18 mi | 3 |
| Lampson Elementary School | public | K-6 | 2.19 mi | 5 |
| Ponderosa Elementary School | public | K-6 | 2.19 mi | 1 |
| Santiago Elementary School | public | K-8 | 2.21 mi | 4 |
| Handy Elementary School | public | K-6 | 2.25 mi | 7 |
| OUSD Community Day School | public | 7-12 | 2.27 mi | N/A |
| OUSD Home School | public | K-12 | 2.27 mi | 4 |
| Sierra Preparatory Academy | public | K-8 | 2.29 mi | 2 |
| OUSD EDGE Virtual Academy | public | K-12 | 2.30 mi | 9 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 592 N Milford | $1,199,900 | 3 | 2 | 1,500 | Active |
| 1329 W Park Ln | $1,200,000 | 4 | 2 | 1,896 | Active |
| 173 N Waverly | $1,225,000 | 2 | 2 | 1,254 | Active |
| 13191 Lewis | $968,000 | 3 | 2 | 1,285 | Active |
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This listing information is up-to-date as of October 10, 2026. For the most current information, please contact Jacob Neal.