Orange, CA 92868 130 N Lester Drive

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Presented By: Deborah Sado with Compass; 714.496.1433
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# NP25142871
  • 06/25/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 3
  • Baths • 1
  • SQFT • 1,917

Home Details

Two Homes on One Lot in the Heart of Orange! Incredible investment opportunity on one of the most charming streets in the City of Orange! This centrally located, fully leased income property features two detached homes on one lot, generating $7,000/month in rental income. The front house, originally built in 1947 and thoughtfully remodeled, is approximately 1,277 sq ft and currently leased furnished for $4,200/month. This stylish 2-bedroom, 1-bath home includes a sunroom that has been converted into a third bedroom . Inside, you'll find large windows, an open-concept living and dining space, and a farmhouse kitchen with stainless steel appliances, a farmhouse sink, and French doors. The home is equipped with central heating and AC, and the private covered patio includes a TV, ceiling fan, and seating area—perfect for relaxing or entertaining. The back house is a separate 2-bedroom, 1-bath unit measuring approximately 640 sq ft, currently leased furnished for $2,800/month. It features skylights, concrete floors, copper plumbing, vaulted ceilings with ceiling fans, wall-mounted AC, and stainless steel appliances. Full of character and natural light, this space is equally appealing to tenants. Whether you're an investor seeking strong cash flow or a buyer looking for a flexible multi-generational living setup, 130 N Lester Dr is a must-see!
Presented By: Deborah Sado with Compass; 714.496.1433

Interior Features for 130 N Lester Drive

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)Yes
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringConcrete, Wood
Heating Y/NYes
Interior AmenitiesCeilingFans, Furnished, OpenFloorplan, Storage, AllBedroomsDown, BedroomOnMainLevel
Total Stories1
Window FeaturesSkylights

Other Rooms

Entry Level1

General for 130 N Lester Drive

AccessibilityNoStairs
Additional Parcels Y/NNo
AppliancesGasCooktop, GasOven, Microwave, Refrigerator, Dryer, Washer
Architectural StyleCottage, Traditional
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.6
Carport Y/NNo
CityOrange
Community FeaturesPark, StreetLights, Sidewalks
Contingencyseller may do a 1031 exchange at no cost to the buyer
CoolingCentralAir, WallWindowUnits
CountyOrange
Directionsnearest cross streets are Chapman and Main st
Electric Expense3700.0
Entry Location1
Fuel Expense580.0
Garage Spaces0.0
Garage Y/NNo
Gross Income84000.0
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense4143.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet4657.0
Lot Size UnitsSquareFeet
MLS Area72 - Orange & Garden Grove, E of Harbor, N of 22 F
MobileHomeRemainsYNNo
Net Operating Income62925.0
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
Operating Expense21075.0
Pool FeaturesNone
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameOther (OTHR)
Tax Lot4
Tenant PaysNone
Total Actual Rent7000.0
Trash Expense290.0
UtilitiesElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, SewerAvailable, SewerConnected, WaterAvailable, WaterConnected
ViewNeighborhood
Virtual TourClick here
Water Sewer Expense616.0
Year Built1947
Year Built SourcePublicRecords

Exterior for 130 N Lester Drive

Building Area Total1917.0
Crops Included Y/NNo
Door FeaturesFrenchDoors
Exterior AmenitiesAwnings, RainGutters
FencingWood
Foundation DetailsRaised, Slab
Horse Y/NNo
Inclusionsappliances
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1069
Lot Size Area4657.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,350,000
MLS#NP25142871
List Date 06/25/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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