Home | Orange County | Orange | 92868 | 1305 W Cherry
MLS: CROC26230504 | Status: Active | Price: $1,085,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,000 | 1955 |
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
| Field | Value |
|---|---|
| MLS # | CROC26230504 |
| MLS Source | California Regional MLS |
| Days on Site | 4 |
| Feature | Details |
|---|---|
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Other, Garage: 2 Car(s) |
| HOA Fee | $0 |
Jacob Neal
BHHS Drysdale Properties
License #: 02097852
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 1 |
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 |
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This listing information is up-to-date as of October 26, 2026. For the most current information, please contact Jacob Neal.