611 W Walnut Avenue Save Request In-Person Tour Request Virtual Tour
Orange,CA 92868
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 792 sqft
Price per Sqft $1,577
MLS Listing ID OC25121417
Bedrooms 2
Full Baths 2
Year Built 1947
Property Sub-Type Detached
Property Description
A prime investment opportunity at 611 and 613 W Walnut in Orange, California. Located just minutes from Chapman University, these two standalone homeseach featuring 2 bedrooms and 2 bathroomsoffer stable rental income in a high-demand student housing market. 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 Chapmans 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
Direction From Chapman, West Walnut
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 03908308
Special Listing Condition Standard