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Listed by BHHS Drysdale Properties, Jacob Neal, Listing Contact: 209-642-2292 
4 Beds
2 Baths
1,327 sqft

$1,085,000

1305 W Cherry, Orange CA, 92868

Price per sqft$817.63
Built in1955
Property size1,327 sqft
Property typeResidential

Overview

Active

Listed Oct 9, 2026

Updated 5h ago

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.

$7,219/mo

Est. mortgage payment based on a $1,085,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
OC26220349

Interior Features

Bedrooms
4
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Garage
Yes
View
Yes

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Data last updated 2:03 PM UTC, 10/10/2026

   

 

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