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.

Property details

Bedrooms

4

Bathrooms

2

Square feet

1,327

Year built

1955

Property type

Residential

Lot size

6,000 sqft

Location

1305 W Cherry • Orange, CA 92868

More homes for sale and rent in Orange, CA →

Listing Agent

Jacob Neal

DRE #: 02097852

Brokerage: BHHS Drysdale Properties

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Closed sales reported in 92868, nearest first, last 12 months. All recent sales in Orange →

CRMLS

MLS# OC26220349

Listed: 10/9/2026 9:33 AM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/10/2026 6:13 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: BHHS Drysdale Properties

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

4-Bedroom Residential - 1305 W Cherry, Orange, CA