Sold
Closed
367 N Waverly
Orange CA, 92866
$1,774,500
$701.11 per sqft
Sold
Closed
6 Beds
5 Baths
2,531 sqft
Residential
Built in 2023
Investing in student housing provides numerous advantages, such as inflation resistance and limited impact from rent control due to frequent turnover. With its prime location just 0.7 miles from Chapman University, renowned for its film school and business programs, 367 N. Waverly St offers a lucrative opportunity. The property, fully occupied with a monthly income of $9,600, features a meticulously remodeled front house and a separate ADU. This diversity of rental units minimizes risk by providing multiple income streams. The front house boasts modern updates, keyless entry for each bedroom, and individual climate control, making it ideal for student rentals. The detached ADU offers a private living space. Both units have access to the landscaped backyard and a hot tub. Situated in a residential neighborhood with ample street and onsite parking, this property offers excellent curb appeal. Don't miss the chance to add 367 N. Waverly St to your investment portfolio.
223056541
MLSⓇ ID
June 16, 2023
Listed
February 20, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
6
Total Bathrooms
5
Full Bathrooms
5
Floor Description
Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.15 Acres
Roof
Shingle
Sewer
Public Sewer
School Information
School District
Other
Other Property Details
Area Name
AP000
Garage
No
View
No
County
Orange
Water Source
Public
Zoning
R1
Courtesy of Berkshire Hathaway HomeServices-Drysdale Properties, Jacob Neal,
Listing Contact:
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