2 Beds
1 Bath
792 SqFt
2 Beds
1 Bath
792 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 792 sqft
Price per Sqft $1,577
MLS Listing ID OC25121417
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1947
Lot Size 3,524 Sqft
Property Sub-Type Single Family Residence
Property Description
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
Area Oto - Old Towne Orange
Rooms
Main Level Bedrooms 2
Interior
Interior Features All Bedrooms Down
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Sidewalks
View Y/N No
View None
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Orange Unified
Others
Senior Community No
Tax ID 03908308
Acceptable Financing Cash, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
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