1305 W Cherry, Orange 92868

$1,085,000

Property details

• Asking price: $1,085,000
• Lot size: 6,000 sqft
• Property type: SingleFamilyResidence
• Year built: 1955
• City: Orange
• ZIP: 92868
• Status: Active
• Days on market: 1
• MLS #: OC26230504

About this home

Excellent investment opportunity in the desirable City of Orange, just minutes from Chapman University and historic Old Towne Orange! This single-story, 4-bedroom, 2-bathroom home offers 1,327 square feet of living space on a 6,000-square-foot lot and is currently generating $6,220 per month in rental income, totaling $74,640 annually. With an existing lease in place through May 31, 2027, investors can begin collecting rental income immediately without the hassle of finding tenants.…

Listing courtesy of BHHS Drysdale Properties

Orange market context

• City median price: $1,199,950
• Median days on market: 4
• Active inventory: 62
• Versus city median: -10%

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