Property listed by Younglewin Advisors, Inc., Daniel Gomez 562-266-7629
$2,100,000
Just listed in the heart of Old Towne Orange, steps from Chapman University. This turnkey student housing investment offers two structures on one lot delivering immediate stabilized income with built-in demand.
The front house has been extensively renovated and thoughtfully reconfigured into a 6 bedroom 4 bathroom layout purpose-built for student… Read More occupancy. Improvements include all new plumbing, electrical, kitchens, bathrooms, select new windows, a newer roof, and a newly constructed rear deck. The back unit is a brand new 2024 construction ADU built from the ground up. Combined the property offers 8 bedrooms and 5 bathrooms across two structures with 2 garage spaces and 4 driveway parking spots.
Current leases include parental guarantees providing investors with surety of income and significantly reduced credit risk. With Chapman University enrollment consistently strong and walkable proximity to campus, this asset benefits from perpetual housing demand and low vacancy risk.
A rare opportunity to acquire a stabilized, low maintenance student housing asset in one of Orange County's most supply constrained submarkets. Read Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
Duplex
Lot Size
0.2 Acres
Year Built
1951
MLS Number
PW26123522
Additional Details
Building
Built in 1951, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: Street
Community
Biking, Curbs, DogPark, Sidewalks
Expenses
Gardener: $1,200, Insurance: $3,323, Maintenance: $1,500, Operating: $37,379, Pest Control: $395, Other Expense: $1,200
Garage
2 spaces
Income
Gross Income: $139,140, Gross ScheduledIncome: $139,140, Net Operating Income: $98,978
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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