570 N Cambridge, Orange, CA 92867

Property Description

570 N Cambridge is located in one of the most desirable, supply constrained rental submarkets in SoCal, near the prestigious Chapman University. This large 2 unit property benefits from year-round demand with an ideal unit mix for both stable cash flow and rental flexibility for students and young professionals. This property serves as a great option for investors and Chapman parents! The front home consists of 6 bedrooms, 6 baths & the rear ADU home consists of 4 bedrooms, 4 baths. The property has a strong rental history, with the front house achieving $8,850/mo and the rear ADU unit achieving $4,795/mo. Each unit has private bed/baths, ensuite laundry, air conditioning, forced air heat, high end finishes, and private yard space for tenants' enjoyment. The property has 10% upside in rents, and also offers the opportunity to convert the single car garage to a 3rd Unit. This opportunity provides access to a strong and steady student renter base, a unique hedge against CA rent control initiatives, strong rental upside, and long-term appreciation.