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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,050,000

Est. payment - /mo

7,683 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26020835

HOA Y/N No

Year Built 2022

Lot Size 7,683 Sqft

Property Sub-Type Duplex

Property Description

Rare opportunity for a student housing investor or Chapman parent! 552-554 N Cambridge St is located in a premier pocket of the City of Orange, just 0.4 miles to the prestigious and growing Chapman University, and provides immediate cash flow of over $137,000 annually, with additional upside.

The front house is a 4 Bedroom 3 Bath that was Fully Renovated in 2022 (and partial New Construction), and the back unit is a New Construction 4 Bedroom 4 Bath unit which is Not Subject to Any Rent Control. Each unit has ensuite laundry, Air Conditioning, Forced Air Heat, High End Finishes, and private yard space for tenants' enjoyment. The property also has ample Parking - a 4-Car driveway, a single car Garage, and is situated on an Oversized 7,686 SF lot.

In addition to the existing cash-flow, the property offers significant upside. With over 10% upside in current rents and the opportunity to convert the single car garage to a 3rd Unit, a Savvy investor also has the opportunity to significantly increase the income moving forward.

It's not often you see New Construction Property with additional upside in one of the most sought after rental markets in Orange County. This provides access to a strong and steady student renter base - a unique hedge against any future CA rent control initiatives.

Reach out to the listing team for more information and debt quotes.

Location

State CA

County Orange

Area Oto - Old Towne Orange

Interior

Heating Ductless

Cooling Electric

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Suburban

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard, Level, Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 38623219

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Daniel Gomez Younglewin Advisors, Inc. 562-266-7629, DRE #02081392

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552 N Cambridge St Orange, CA 92867