1305 W Cherry, Orange, CA 92868

• 4 beds |
• 2 baths |
• 1,327 sqft

Property 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.

Listing Status:

Active

Date Added:

October 9, 2026

Data Last Updated:

October 10, 2026 at 9:11PM

Listing Office:

BHHS Drysdale Properties : 925-244-1933

Listing Agent:

Jacob Neal : 209-642-2292

MLS ID:

OC26220349

Interior

• A/C: Central Forced Air
• Heating: Forced Air Unit
• Fireplace: FP in Living Room

Exterior

• Pool: N/K
• Parking: Garage - Two DoorParking spaces: 2

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Orange

Lot

• Zoning: 03929330
• View: N/K

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: California Regional MLS