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$ 2,375,000
Est. payment /mo
New
552 N Cambridge Street Orange, CA 92867
4 Beds
3 Baths
1,525 SqFt
UPDATED:
02/27/2025 04:12 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,525 sqft
Price per Sqft $1,557
MLS Listing ID OC25043144
Style Detached
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1949
Lot Size 7,957 Sqft
Acres 0.1827
Property Sub-Type Detached
Property Description
Turnkey Investment Near Chapman University Fully Leased Through 2026 Located 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 setupno longer permitted in Orangeoffers 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 profes
Turnkey Investment Near Chapman University Fully Leased Through 2026 Located 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 setupno longer permitted in Orangeoffers 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 areas established rental market and continued growth in demand make this an ideal opportunity for investors seeking stable cash flow and long-term appreciation.
Turnkey Investment Near Chapman University Fully Leased Through 2026 Located 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 setupno longer permitted in Orangeoffers 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 areas established rental market and continued growth in demand make this an ideal opportunity for investors seeking stable cash flow and long-term appreciation.
Location
State CA
County Orange
Area Oc - Orange (92867)
Interior
Cooling Central Forced Air
Laundry Garage
Exterior
Garage Spaces 1.0
View Other/Remarks, City Lights
Total Parking Spaces 1
Building
Lot Description Sidewalks
Story 1
Lot Size Range 7500-10889 SF
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Exchange, Submit
Listing Terms Cash, Conventional, Exchange, Submit
Special Listing Condition Standard
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Listed by Jacob Neal • BHHS Drysdale Properties