611 W Walnut Avenue
Orange, CA, 92868
$1,249,000
2 Beds
1 Baths
792 SqFt
0.08 Acres
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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&#39'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&#39'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.
LISTING AGENT: Jacob Neal
LISTING BROKERAGE: BHHS Drysdale Properties
611 W Walnut Avenue
Orange, CA

Property Details

Price:
$1,249,000
MLS #:
OC25121417
Status:
Active Under Contract
Beds:
2
Baths:
1
Address:
611 W Walnut Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
otooldtowneorange
City:
Orange
Listed Date:
May 30, 2025
State:
CA
Finished Sq Ft:
792
ZIP:
92868
Lot Size:
3,524 sqft / 0.08 acres (approx)
Year Built:
1947
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Schools

School District:
Orange Unified

Interior

Cooling
Central Air
Fireplace Features
None

Exterior

Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00

Map

Community

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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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