620 N Cambridge Street

Orange, CA 92867

Just listed in the heart of Old Towne Orange, steps from Chapman University. This turnkey student housing investment offers two structures on one lot delivering immediate stabilized income with built-in demand. The front house has been extensively renovated and thoughtfully reconfigured into a 6 bedroom 4 bathroom layout purpose-built for student occupancy. Improvements include all new plumbing, electrical, kitchens, bathrooms, select new windows, a newer roof, and a newly constructed rear deck. The back unit is a brand new 2024 construction 2 bedroom 1 bathroom ADU built from the ground up. Combined the property offers 8 bedrooms and 5 bathrooms across two structures with 2 garage spaces and 4 driveway parking spots. Current leases include parental guarantees providing investors with surety of income and significantly reduced credit risk. With Chapman University enrollment consistently strong and walkable proximity to campus, this asset benefits from perpetual housing demand and low vacancy risk. A rare opportunity to acquire a stabilized, low maintenance student housing asset in one of Orange County's most supply constrained submarkets.

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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.