Orange, CA 92868 611 W Walnut Avenue

611 W Walnut Avenue Orange, CA - Image 1611 W Walnut Avenue Orange, CA - Image 2611 W Walnut Avenue Orange, CA - Image 3
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Presented By: Jacob Neal with BHHS Drysdale Properties; 209-642-2292
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25121439
  • 05/30/2025
  • 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 • 2
  • Baths • 2
  • SQFT • 1,502

Home Details

We are pleased to present a prime investment opportunity at 611 and 613 W Walnut in Orange, California. Located just minutes from Chapman University, these two standalone homes—each featuring 2 bedrooms and 2 bathrooms—offer stable rental income in a high-demand student housing market. The homes are fully leased, with 611 W Walnut bringing in $3,150 monthly and 613 W Walnut achieving a strong $3,425 monthly rent, showcasing the property's upside potential. The below-market rent at 611 highlights a clear path for future income growth, while the higher rent at 613 sets the benchmark for what both homes can achieve. Both units cater perfectly to Chapman students seeking privacy, modern amenities, and proximity to campus. Situated on a quiet, permit-only parking street with updated features and strong rental appeal, these properties are easy to lease and ideal for hands-off ownership. With stabilized tenants, consistent demand from Chapman’s growing student population, and the proven rent performance of 613, this offering provides a compelling mix of immediate income and future upside. Whether you're a seasoned investor or looking to break into the Orange market, 611 and 613 W Walnut deliver the kind of reliable returns and appreciation potential that make for a smart long-term hold.
Presented By: Jacob Neal with BHHS Drysdale Properties; 209-642-2292

Interior Features for 611 W Walnut Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories1

Other Rooms

Entry Level1

General for 611 W Walnut Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.02
Carport Y/NNo
CityOrange
Community FeaturesSidewalks
CountyOrange
DirectionsFrom Chapman University, West on Walnut
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income78300.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense2430.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional, Exchange1031, Submit
Lot Size Square Feet3524.0
Lot Size UnitsSquareFeet
MLS AreaOTO - Old Towne Orange
MobileHomeRemainsYNNo
Net Operating Income62644.74
New ConstructionNo
Number Of Units Total2
Operating Expense14089.2
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalSingleFamilyResidence
Property SubtypeSingleFamilyResidence
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot9
Taxes$12,240
Tenant PaysAllUtilities
Trash Expense0.0
Water Sewer Expense0.0
Year Built1947
Year Built SourceAssessor

Exterior for 611 W Walnut Avenue

Building Area Total1502.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.0809
Lot Size Area3524.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,249,000
MLS#OC25121439
List Date 05/30/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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