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Listed by: Jacob Neal (209) 642-2292 DRE #02097852 | BHHS Drysdale Properties (925) 244-1933
$1,085,000
Monthly Est:$5,400
4 Beds
2 Baths2 full baths
1,327sqft
1305 W Cherry, Orange, CA 92868
$1,085,000
$5,400/moEst:
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Single Family Residence
Built in 1955
$-- HOA
6,000 sqft lot
$818/sq.ft
Description
Excellent opportunity to own an income-producing property in the desirable City of Orange! Currently leased for $6,220 per month, the property generates $74,640 in annual gross rental income, with the existing lease running through May 31, 2027. The tenant pays all utilities, while the owner covers landscaping service, helping keep operating expenses low. Investors can benefit from immediate rental income with an established tenant in place, while future homeowners have the opportunity to collect rent now and potentially move in after the lease expires, subject to applicable tenancy requirements. The existing lease also allows the owner to construct an Accessory Dwelling Unit (ADU) within the garage during the lease term, subject to city permits and approvals, offering the potential for additional rental income or future personal use. Conveniently located near Chapman University, Old Towne Orange, shopping, dining, and major freeways, this property offers strong rental appeal and long-term flexibility for investors and future homeowners alike.
- Houzeo last checked: 11 minutes ago
- Listing updated: October 9, 2026 at 11:43 pm
- Source: California Regional MLS-CA | MLS#: OC26220349
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
1955
HOA Fees
-
Finished Area
1,327 sqft
Lot Size
6,000 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26220349
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Interior
Sewer
Public Sewer
Cooling
Central Air
Heating
Central
Interior Features
All Bedrooms Down
Utilities & Energy
Fireplace Features
Living Room
Pool Features
None
Parking Features
Door Multi, Driveway, Garage
Laundry Features
In Garage
Water Source
Public
Other Features
Community Features
Sidewalks
Lot Features
Zero To One Unit Acre
Price History
| Date | Event | Price |
|---|---|---|
10/09/2026 Source: | Listed for Sale | $1,085,000 $818/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 10, 2026, 12:15PM 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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