1305 West Cherry, Orange, CA 92868
1305 West Cherry, Orange, CA 92868
Property Description
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.
Features & Amenities
Property Details
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Current Rates
Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Orange · Single Family Residence
Listed 13.0% above the median closed sale of $960,000. Price per sqft ($818) is a 12% premium to closed comps ($733).
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 515 Wayfield | Orange | 1955 | 4 | 2 | 1,313 | 6,000 | $830 | $1.09M | 27 | 99 |
| 209 Mayfair | Orange | 1954 | 4 | 2 | 1,400 | 6,926 | $964 | $1.35M | 85 | 95 |
| 2037 Arbor | Orange | 1957 | 4 | 2 | 1,227 | 7,198 | $813 | $998,000 | 7 | 95 |
| 1800 Mayfair | Orange | 1955 | 3 | 2 | 1,339 | 6,000 | $746 | $999,000 | 33 | 95 |
| 675 Rick Street | Orange | 1962 | 4 | 2 | 1,424 | 7,300 | $828 | $1.18M | 13 | 93 |
| Total: 5 · Average | 3.8 | 2.0 | 1,340.6 | 6,684.8 | $836.2 | $1.12M | 33 | |||
| Median | 1,339 | $1.09M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1034 Palmyra Avenue | Orange | 1946 | 09/02/2026 | 4 | 2 | 1,398 | 6,804 | $1.05M | $1.05M | $751 | 1.00 | 20 | 93 |
| 278 Citrus | Orange | 1960 | 10/09/2026 | 3 | 2 | 1,297 | 6,320 | $950,000 | $960,000 | $740 | 1.01 | 103 | 93 |
| 4512 Sirius | Orange | 1955 | 09/28/2026 | 3 | 2 | 1,232 | 7,318 | $899,000 | $899,000 | $730 | 1.00 | 59 | 92 |
| 2028 Maple Avenue | Orange | 1957 | 09/30/2026 | 3 | 2 | 1,228 | 7,020 | $925,000 | $860,000 | $700 | 0.93 | 39 | 91 |
| 471 Rosalind Drive | Orange | 1958 | 09/08/2026 | 3 | 2 | 1,392 | 7,200 | $998,000 | $1.03M | $743 | 1.04 | 31 | 91 |
| Total: 5 · Average | 3.2 | 2.0 | 1,309.4 | 6,932.4 | $960,600 | $960,600 | $732.8 | — | 50.4 | ||||
| Median | 1,297 | $960,000 | $960,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.