417 N Citrus Street, Orange, CA 92868
417 N Citrus Street, Orange, CA 92868
417 N Citrus Street, Orange, CA 92868
28
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$1,695,000
Est. payment /mo
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6 Beds
3 Baths
6,600 Sqft Lot
Open Sun 2:30PM-4:30PM

417 N Citrus Street Orange, CA 92868

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

Open House

Sun May 17, 2:30pm - 4:30pm

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26092289

Bedrooms 6

Lot Size 6,600 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Located in the heart of Orange, just steps from Chapman University, 417 N Citrus Ave offers a proven income-producing setup with strong in-place rents and long-term upside. The property includes a 4 bedroom, 2 bathroom front house and a newly built 2 bedroom, 1 bathroom ADU (419) completed in 2024. The front home features a flexible layout with a variety of room sizes, ideal for student housing or a traditional living setup. The ADU is finished with modern touches and an efficient design, creating a separate and private living space. Each unit has its own laundry. The front house includes a washer and dryer in the garage, while the ADU has its own in-unit washer and dryer, making both spaces fully functional for Tenants. Strong rental income is already in place. The front house is leased at $5,960 per month through May 31, 2026. The ADU is leased at $3,200 per month through May 31, 2027, providing immediate cash flow and stability. Combined gross income is $9,160 per month, or $109,920 annually. At the current list price of $1,695,000, this equates to approximately a 15.4 GRM and an estimated 4.9% CAP rate, benefiting from a low expense profile with Tenants paying utilities and minimal ongoing maintenance. With its close proximity to Chapman University and surrounding amenities, this property consistently attracts strong rental demand from students and long-term tenants alike. This is also a great opportunity to house hack, live in one unit while collecting income from the other, or continue operating it as a fully leased investment property in one of Oranges most desirable

Location

State CA

County Orange

Zoning Assessor

Direction From Chapman University West on Walnut South on W. Citrus

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 03901217

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

MLS Router / San Diego MLS
Listed by Jacob Neal, DRE#02097852 BHHS Drysdale Properties 

NEARBY SCHOOL & BUSINESS

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Kurt Wannebo

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

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417 N Citrus Street

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