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 setup-no longer permitted in Orange-offers 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-esta
552 North. Cambridge St., Orange, CA 92867
Directions to here from: 155 mi
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Listed by Jacob Neal with BHHS Drysdale Properties
Based on information from the MLSListings MLS) as of 2/27/2025. 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.
