552 N Cambridge ST Orange, CA 92867
7,958 Sqft Lot
UPDATED:
02/27/2025 05:48 AM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25043126
HOA Y/N No
Year Built 1949
Lot Size 7,958 Sqft
Property Sub-Type Single Family Residence
Property Description
Located near Chapman University, Old Towne Orange, and major freeways, this high-performing rental property offers strong cash flow and long-term stability. Situated on Cambridge Row, where rental demand is consistently high, this two-home investment generates $11,495 per month ($137,940 annually) with leases secured through 5/31/2026.
The front house (552 N Cambridge) is a 4-bedroom, 3-bathroom home earning $6,095 per month. It features a spacious primary suite and a well-designed kitchen, making it an appealing rental. Behind it, the back house (554 N Cambridge) is a 4-bedroom, 4-bathroom ADU, bringing in $5,400 per month. This grandfathered ADU setup—no longer permitted in Orange—offers each resident a private bedroom, en-suite bathroom, and individual mini-split AC, maximizing comfort and rental value.
With an expense ratio of 25% and tenants covering all utilities, this property operates efficiently while providing a 4.91% CAP rate and 14.4 GRM. The strong rental history, annual rent increases, and prime location near shopping, dining, and freeway access make this a sought-after investment.
Just blocks from Chapman University, this property benefits from consistent rental demand in a well-established leasing market. Old Towne Orange is a short distance away, offering historic charm, a variety of restaurants, and boutique shopping. Easy access to the 22, 55, and 57 freeways makes commuting convenient, adding to the property's desirability.
The Cambridge Row location is a known hub for student and professional rentals, with six of the seven homes on this street operating as leased properties. The area's established rental market and continued growth in demand make this an ideal opportunity for investors seeking stable cash flow and long-term appreciation.
With an expense ratio of 25% and tenants covering all utilities, this property operates efficiently while providing a 4.91% CAP rate and 14.4 GRM. The strong rental history, annual rent increases, and prime location near shopping, dining, and freeway access make this a sought-after investment.
This is a rare opportunity to acquire a fully leased, high-yield property in a thriving rental market.
Location
State CA
County Orange
Area Oto - Old Towne Orange
Interior
Fireplace No
Laundry In Garage
Exterior
Parking Features Driveway, Garage
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Park, Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 38623219
Acceptable Financing Cash, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
