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$ 2,295,000
Est. payment | /mo
8 Beds
5 Baths
8,579 Sqft Lot
$ 2,295,000
Est. payment | /mo
8 Beds
5 Baths
8,579 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26160701
Bedrooms 8
Lot Size 8,579 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Turnkey Student Housing! Built in 1901 and known as "The Parker House," said to be the 9th home ever built in Orange, this Victorian farmhouse has been reimagined into one of the most efficient Chapman University student housing assets on the market. Two detached units sit on an 8,579 SF lot: a 6 bed/4 bath main residence plus a brand new 2 bed/1 bath ADU completed in 2023. Both are leased through 5/31/2027 at $12,190 per month. The main house has been comprehensively rehabbed with new electrical, plumbing, kitchens, baths, flooring, counters, windows, lighting and appliances, plus a reconfigured floor plan, while keeping the character that keeps students renewing year after year: soaring ten foot ceilings, pocket doors, a wraparound porch, hardwood floors, and 900+ SF of standup attic storage. Parking is abundant both on site and along the street, a rare advantage this close to campus. The home may also qualify for the Mills Act, offering a potential property tax reduction for the next owner. Walking distance to Chapman University, Old Towne Orange Plaza, and the Metrolink station, with immediate freeway access. A turnkey, passive asset in the tightest student rental submarket in Orange County. May be purchased individually or together with the contiguous listing at 456 N Batavia St (MLS# PW26153372) as a combined portfolio of two adjoining parcels.
Location
State CA
County Orange
Zoning Assessor
Direction Citrus St and Walnut Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 03901223
Acceptable Financing Land Contract
Listing Terms Land Contract
Listed by Daniel Gomez, DRE#02081392 Younglewin Advisors, Inc.
Nearby Locations
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