611 W Walnut Ave Orange, CA 92868
Estimated payment $7,626/month
Total Views
9,821
2
Beds
2
Baths
792
Sq Ft
$1,577
Price per Sq Ft
Highlights
- No HOA
- Central Air
- 1-Story Property
- Laundry Room
About This Home
A prime investment opportunity at 611 and 613 W Walnut in Orange, California. Located just minutes from Chapman University, these two standalone homes—each featuring 2 bedrooms and 2 bathrooms—offer stable rental income in a high-demand student housing market.
The homes are fully leased, with 611 W Walnut bringing in $3,150 monthly and 613 W Walnut achieving a strong $3,425 monthly rent, showcasing the property's upside potential. The below-market rent at 611 highlights a clear path for future income growth, while the higher rent at 613 sets the benchmark for what both homes can achieve.
Both units cater perfectly to Chapman students seeking privacy, modern amenities, and proximity to campus. Situated on a quiet, permit-only parking street with updated features and strong rental appeal, these properties are easy to lease and ideal for hands-off ownership.
With stabilized tenants, consistent demand from Chapman’s growing student population, and the proven rent performance of 613, this offering provides a compelling mix of immediate income and future upside. Whether you're a seasoned investor or looking to break into the Orange market, 611 and 613 W Walnut deliver the kind of reliable returns and appreciation potential that make for a smart long-term hold.
Listing Agent
BHHS Drysdale Properties Brokerage Phone: 209-642-2292 License #02097852 Listed on: 05/30/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,498
Year Built
- Built in 1947
Lot Details
- 3,524 Sq Ft Lot
- Density is 2-5 Units/Acre
Interior Spaces
- 792 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Central Air
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 749
- Assessor Parcel Number 03908308
- $540 per year additional tax assessments
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,498 | $752,607 | $601,037 | $151,570 |
| 2023 | $8,310 | $737,850 | $589,251 | $148,599 |
| 2022 | $6,971 | $612,000 | $577,697 | $34,303 |
| 2021 | $5,044 | $447,338 | $416,231 | $31,107 |
| 2020 | $4,998 | $442,752 | $411,963 | $30,789 |
| 2019 | $4,936 | $434,071 | $403,885 | $30,186 |
| 2018 | $4,862 | $425,560 | $395,965 | $29,595 |
| 2017 | $4,662 | $417,216 | $388,201 | $29,015 |
| 2016 | $4,573 | $409,036 | $380,589 | $28,447 |
| 2015 | $4,506 | $402,892 | $374,872 | $28,020 |
| 2014 | $4,411 | $395,000 | $367,528 | $27,472 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | For Sale | $1,249,000 | 0.0% | $832 / Sq Ft |
| 04/14/2024 04/14/24 | Rented | $3,100 | 0.0% | -- |
| 04/04/2024 04/04/24 | Under Contract | -- | -- | -- |
| 03/14/2024 03/14/24 | For Rent | $3,100 | +8.8% | -- |
| 09/14/2022 09/14/22 | Rented | $2,850 | +1.8% | -- |
| 08/26/2022 08/26/22 | For Rent | $2,800 | 0.0% | -- |
| 08/06/2022 08/06/22 | Under Contract | -- | -- | -- |
| 07/22/2022 07/22/22 | For Rent | $2,800 | 0.0% | -- |
| 03/04/2021 03/04/21 | Sold | $600,000 | +3.6% | $758 / Sq Ft |
| 02/04/2021 02/04/21 | Pending | -- | -- | -- |
| 01/27/2021 01/27/21 | For Sale | $579,000 | 0.0% | $731 / Sq Ft |
| 01/13/2021 01/13/21 | Pending | -- | -- | -- |
| 11/16/2020 11/16/20 | For Sale | $579,000 | +46.6% | $731 / Sq Ft |
| 12/13/2013 12/13/13 | Sold | $395,000 | -1.0% | $496 / Sq Ft |
| 11/08/2013 11/08/13 | Price Changed | $399,000 | -2.4% | $501 / Sq Ft |
| 09/25/2013 09/25/13 | For Sale | $409,000 | -- | $514 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $600,000 | Fidelity Natl Ttl San Diego | |
| Grant Deed | $395,000 | Chicago Title Company | |
| Grant Deed | $305,000 | Ticor Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $15,000,000 | Credit Line Revolving | |
| Previous Owner | $298,936 | FHA | |
| Previous Owner | $300,947 | FHA |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25121417
APN: 039-083-08
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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. 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
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