611 Walnut ave, Orange, CA 92868
Active
$1,249,000
2 Units
4 Beds
4 Baths
1,502 Area(sq.ft.)
Lot: 3,524 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 3,150 | $ 3,150 | $ 3,475 |
| Unit 2 | 1 | 2 | 2 | No | $ 3,425 | $ 3,425 | $ 3,425 |
| 2 | 4 | 4 | $ 6,575 | $ 6,575 | $ 6,900 |
| MLS #: | OC25121439MR |
| Days On Market: | 189 |
| Listing Date: | May 30, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 832 |
| Price per unit: | $ 624,500 |
| Year Built: | 1947 |
Property Details
We are pleased to present 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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 76,734 |
| Total Annual Expense: | $ 14,089 |
| Net Operating Income: | $ 62,645 |
| Cap Rate: | 5.02% |
| Gross Rent Multiplier: | 15.95 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Driveway - Combination |
Interior
| Laundry: | Inside |
Exterior
| Pool: | No |
Detailed Map
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