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Listed by Jacob Neal • BHHS Drysdale Properties
$1,249,000
Est. payment /mo
2 Beds
2 Baths
792 SqFt
Active
611 W Walnut Avenue Orange, CA 92868
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 792 sqft
Price per Sqft $1,577
MLS Listing ID CROC25121417
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1947
Lot Size 3,524 Sqft
Property Sub-Type Detached
Source Datashare California Regional
Property Description
A prime investment opportunity at 611 and 613 W Walnut in Orange, California. Located just minutes from Chapman University, these two standalone homes—each featuring 2 bedrooms and 2 bathrooms—offer stable rental income in a high-demand student housing market. The homes are fully leased, with 611 W Walnut bringing in $3,150 monthly and 613 W Walnut achieving a strong $3,425 monthly rent, showcasing the property's upside potential. The below-market rent at 611 highlights a clear path for future income growth, while the higher rent at 613 sets the benchmark for what both homes can achieve. Both units cater perfectly to Chapman students seeking privacy, modern amenities, and proximity to campus. Situated on a quiet, permit-only parking street with updated features and strong rental appeal, these properties are easy to lease and ideal for hands-off ownership. With stabilized tenants, consistent demand from Chapman’s growing student population, and the proven rent performance of 613, this offering provides a compelling mix of immediate income and future upside. Whether you're a seasoned investor or looking to break into the Orange market, 611 and 613 W Walnut deliver the kind of reliable returns and appreciation potential that make for a smart long-term hold.
Location
State CA
County Orange
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Pool None
View None
Private Pool false
Building
Story 1
Water Public
Schools
School District Orange Unified
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