1305 W Cherry
Orange, CA 92868
$1,085,000
Listing Broker: BHHS Drysdale Properties
Listing Agent: Jacob Neal
DRE #01954054: 02097852
209-642-2292
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.
| Listing Id: | OC26220349 |
|---|---|
| Property Type: | Residential |
| Status: | Active |
| Bathrooms Full: | 2 |
| Living Area: | 1,327 |
| Lot Size Acres: | 0.1377 |
| Waterfront?: | No |
| Year Built: | 1955 |
| Basement Yn: | No |
| Bathrooms Total Integer: | 2 |
| Common Walls: | NoCommonWalls |
| Cooling: | CentralAir |
| Entry Level: | 1 |
| Fireplace Features: | LivingRoom |
| Fireplace?: | Yes |
| Garage?: | Yes |
| Heating: | Central |
| Interior Features: | AllBedroomsDown |
| Levels: | One |
| Listing Contract Date: | 2026-10-09 |
| Living Area Units: | SquareFeet |
| Lot Features: | ZeroToOneUnitAcre |
| Lot Size Area: | 6000.0 |
| Lot Size Source: | Assessor |
| Main Level Bathrooms: | 2 |
| Parking Features: | DoorMulti, Driveway, Garage |
| State Or Province: | CA |
| Stories: | 1 |
| View: | None |
| Water Source: | Public |
| Property Sub Type Additional: | SingleFamilyResidence |
| Country Subdivision: | 06059 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06059:03929330 |
| List Price: | $1,085,000 |
|---|---|
| Property Sub Type: | SingleFamilyResidence |
| Bedrooms Total: | 4 |
| Association Fee: | $0 |
| Lot Size Square Feet: | 6,000.0 |
| City: | Orange |
| County Or Parish: | Orange |
| Postal Code: | 92868 |
| Number Of Units Total: | 1 |
| Room Type: | Bedroom |
| Attached Garage?: | Yes |
| Common Interest: | None |
| Community Features: | Sidewalks |
| Cooling?: | Yes |
| Directions: | From the 57 Freeway, exit Orangewood Avenue and head east. Turn right onto Main Street, then left onto W Cherry Drive. The property will be on your left |
| Elevation Units: | Feet |
| Entry Location: | 1 |
| Garage Spaces: | 2.0 |
| Heating?: | Yes |
| High School District: | Orange Unified |
| Laundry Features: | InGarage |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, Conventional, Exchange1031, Submit |
| Living Area Source: | Owner |
| Lot Size Acres: | 0.1377 |
| Lot Size Units: | SquareFeet |
| Main Level Bedrooms: | 4 |
| MLS Area Major: | Oto - Old Towne Orange |
| Original List Price: | $1,085,000 |
| Parcel Number: | 03929330 |
| Parking Total: | 2 |
| Pool Features: | None |
| Postal City: | ORANGE |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 1 |
| Year Built Source: | Assessor |
| Current Price: | $1,085,000.00 |
| Record Signature: | 1,162,046,851 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 10, 2026. 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 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, 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.
California Regional Multiple Listing Service, Inc. data last updated on October 10, 2026 01:22 AM - PT
Property Last Updated: October 10, 2026 01:22 AM - PT
