- /
454 S Glassell Orange, CA 92866
7,261 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26150615
HOA Y/N No
Year Built 1922
Lot Size 7,261 Sqft
Property Sub-Type Single Family Residence
Property Description
Built in 1922, the residence offers approximately 2,668 square feet above grade (basement not included) on a 7,263 square foot lot. The well-designed floor plan features seven bedrooms and four bathrooms, including one private ensuite bedroom, two spacious living rooms, and one shared kitchen. Six bedrooms share three bathrooms, thoughtfully configured with two bedrooms per bathroom.
The basement includes the washer and dryer, central HVAC system, furnace, and water heater, maximizing the functionality of the primary living space.
The property is currently occupied by tenants with tenants paying utilities. Existing leases contain a provision allowing the seller to require tenants to vacate upon transfer of ownership, providing a new owner with flexibility to reposition the asset, implement a new leasing strategy, renovate, or capture higher market rents.
Current occupancy leaves an immediate opportunity to increase income. Additionally, existing rents appear below prevailing market rates for comparable private-bedroom rentals near Chapman University, creating further upside through strategic lease renewals and professional management.
The surrounding neighborhood has demonstrated strong long-term appreciation, supported by Chapman University's continued expansion, ongoing investment in Historic Old Towne Orange, proximity to world-class healthcare employers, and limited inventory of large homes suitable for student and shared housing. These market fundamentals have consistently driven both rental demand and property values, making this an attractive acquisition for investors seeking stable cash flow with meaningful appreciation potential.
This property offers an exceptional combination of current cash flow, operational flexibility, rental upside, and long-term value growth in one of Southern California's most sought-after investment markets.
Location
State CA
County Orange
Area Oto - Old Towne Orange
Interior
Heating Central
Cooling Central Air
Fireplaces Type Family Room
Fireplace Yes
Appliance Dryer, Washer
Exterior
Parking Features None
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 39060222
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Nearby Locations