1305 W Cherry DR, Orange, CA 92868 (MLS # OC26220349)

View Virtual Tour

Price	$1,085,000
Status	Active
Beds	4
Baths	2 Baths
Home size	1,327 sqft
Lot Size	5,999 sqft
Days on Market	14

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.

Property Type(s): Single Family

Last Updated	10/9/2026	Year Built	1955
Community	OTO - Old Towne Orange	Garage Spaces	2.0
County	Orange

Additional Details

AIR	Central Air
AIR CONDITIONING	Yes
AREA	OTO - Old Towne Orange
FIREPLACE	Yes
GARAGE	Attached Garage, Yes
HEAT	Central
LOT	5998 sq ft
LOT DIMENSIONS	6000
PARKING	Attached, Driveway, Garage
POOL DESCRIPTION	None
SEWER	Public Sewer
STORIES	1
VIEW DESCRIPTION	None
WATER	Public

Location

Contact us about this Property

First Name
Last Name
Phone Number
Email Address
Schedule a Showing?	/
Comments


We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Stovall Team to contact you even if your name is on a Federal or State "Do not call List".

Listed with BHHS Drysdale Properties

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/26 4:34 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2026.