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Turnkey Investment Near Chapman University – Fully Leased Through 2026Located near Chapman University, Old Towne Orange, and major freeways, this high-performing rental property offers strong cash flow and long-term stability. Situated on Cambridge Row, where rental demand is consistently high, this two-home investment generates $11,495 per month ($137,940 annually) with leases secured through 5/31/2026.The front house (552 N Cambridge) is a 4-bedroom, 3-bathroom home earning $6,095 per month. It features a spacious primary suite and a well-designed kitchen, making it an appealing rental. Behind it, the back house (554 N Cambridge) is a 4-bedroom, 4-bathroom ADU, bringing in $5,400 per month. This grandfathered ADU setup—no longer permitted in Orange—offers each resident a private bedroom, en-suite bathroom, and individual mini-split AC, maximizing comfort and rental value.With an expense ratio of 25% and tenants covering all utilities, this property operates efficiently while providing a 4.91% CAP rate and 14.4 GRM. The strong rental history, annual rent increases, and prime location near shopping, dining, and freeway access make this a sought-after investment.Just blocks from Chapman University, this property benefits from consistent rental demand in a well-established leasing market. Old Towne Orange is a short distance away, offering historic charm, a variety of restaurants, and boutique shopping. Easy access to the 22, 55, and 57 freeways makes commuting convenient, adding to the property's desirability.The Cambridge Row location is a known hub for student and professional rentals, with six of the seven homes on this street operating as leased properties. The area’s established rental market and continued growth in demand make this an ideal opportunity for investors seeking stable cash flow and long-term appreciation.With an expense ratio of 25% and tenants covering all utilities, this property operates efficiently while providing a 4.91% CAP rate and 14.4 GRM. The strong rental history, annual rent increases, and prime location near shopping, dining, and freeway access make this a sought-after investment.This is a rare opportunity to acquire a fully leased, high-yield property in a thriving rental market.
Property Type(s):
Residential Income
| Last Updated | 2/26/2025 | Year Built | 1949 |
|---|---|---|---|
| Community | Old Towne Orange | Garage Spaces | 1.0 |
| County | Orange |
Additional Details
| AREA | Old Towne Orange |
|---|---|
| GARAGE | Driveway, Garage, Yes |
| HOA DUES | 0 |
| LOT | 7957 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| PARKING | Driveway,Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with BHHS Drysdale Properties
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