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ATTENTION INVESTORS AND SAVVY BUYERS: Secure a high-yield, DUAL-STREAM INCOME PROPERTY in the most resilient rental market in Orange County. This meticulously upgraded asset features a 3BR/2BA MAIN HOUSE PLUS A PERMITTED ATTACHED GRANNY UNIT, delivering an impressive $5,100 PER MONTH IN TOTAL RENTAL INCOME. Located within WALKING DISTANCE TO CHAPMAN UNIVERSITY and the historic Old Towne Orange Circle, this property commands premium rents and boasts a NEAR-ZERO VACANCY HISTORY. This is a true TURNKEY INVESTMENT with major capital expenditures already completed, including a NEWER ROOF, NEWER PLUMBING WITH A NEW MAIN LINE (back studio re-piped), upgraded electrical, and central air/heating. The interior reflects pride of ownership, featuring NEW DUAL-PANE WINDOWS nearly throughout (all but the back master), refinished original hardwood floors, updated bathrooms, and designer faux-wood blinds. A strategic EXTERNAL ACCESS LAUNDRY ROOM allows for seamless shared use between both units, while the FINISHED GARAGE INTERIOR"”complete with a ceiling fan and wall A/C"”offers a versatile space for a studio or private study room. In an area where parking is a premium, this property features an EXPANSIVE DRIVEWAY FOR UP TO 6 CARS. Whether you are looking for a high-performing addition to your portfolio or a HOUSE-HACKING OPPORTUNITY, this property offers unmatched stability and growth in a PRIME UNIVERSITY CORRIDOR.
| Last Updated | 3/27/2026 | Year Built | 1950 |
|---|---|---|---|
| Community | OTO - Old Towne Orange | Garage Spaces | 1.0 |
| County | Orange |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Washer |
| AREA | OTO - Old Towne Orange |
| GARAGE | Yes |
| HEAT | Forced Air |
| INTERIOR | Master Downstairs |
| LOT | 6534 sq ft |
| LOT DIMENSIONS | 6534 |
| PARKING | Driveway, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Bungalow |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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