1305 W Cherry, Orange, CA 92868
1305 W Cherry, Orange, CA 92868,Video Tour
1305 W Cherry, Orange, CA 92868
26
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$1,085,000
Est. payment /mo
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4 Beds
2 Baths
1,327 SqFt
New

1305 W Cherry Orange, CA 92868

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Patty Doyle

Patty Doyle

+1(619) 886-0321

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,327 sqft

Price per Sqft $817

MLS Listing ID OC26220349

Bedrooms 4

Full Baths 2

Year Built 1955

Lot Size 6,000 Sqft

Property Sub-Type Detached

Property Description

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.

Location

State CA

County Orange

Direction From the 57 Freeway, exit Orangewood Avenue and head east. Turn right onto Main Street, then left onto W Cherry Drive. The property will be on your left

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Fireplaces Type FP in Living Room

Fireplace No

Exterior

Parking Features Garage - Two Door

Garage Spaces 2.0

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 2

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 03929330

Acceptable Financing Cash, Conventional, Exchange, Submit

Listing Terms Cash, Conventional, Exchange, Submit

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=Y9qS5FvX2Ui

MLS Router / San Diego MLS
Listed by Jacob Neal, DRE#02097852 BHHS Drysdale Properties 
Co-listed byNON LISTED OFFICE

NEARBY SCHOOL & BUSINESS

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Patty Doyle

Patty Doyle

Agent License ID: 01507441

+1(619) 886-0321

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1305 W Cherry

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