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1139 W Sycamore Ave - Sycamore House 1 Unit Apartment Building Offered at $1,050,000 at a 5.08% Cap Rate Orange, CA 92868
INVESTMENT HIGHLIGHTS
- Very Close to Chapman University
- Lots of students in the area
EXECUTIVE SUMMARY
Fully leased student housing investment near Chapman University. This four bedroom, two bathroom home is rented at $5,700 per month through June 30, 2026. The property is located in one of the most preferred residential pockets near campus with consistent demand and long rental history. Strong walkability to Chapman, Old Towne, and local amenities continues to drive stable occupancy and premium rents in this area.
The layout includes four private bedrooms, two baths, a spacious living area, and a two car garage. Investors can add value by exploring an ADU or garage conversion. Many nearby owners have converted the garage space to generate an additional $2,000-$2,500 dollars per month depending on design, finishes, and approvals.
This property has been historically rented to Chapman students, although it remains an attractive option for any renter or for a future owner occupant once the current lease ends. The home sits within a sought after neighborhood that maintains strong appreciation and high rental absorption.
Financials, lease details, and rent history are available upon request.
The layout includes four private bedrooms, two baths, a spacious living area, and a two car garage. Investors can add value by exploring an ADU or garage conversion. Many nearby owners have converted the garage space to generate an additional $2,000-$2,500 dollars per month depending on design, finishes, and approvals.
This property has been historically rented to Chapman students, although it remains an attractive option for any renter or for a future owner occupant once the current lease ends. The home sits within a sought after neighborhood that maintains strong appreciation and high rental absorption.
Financials, lease details, and rent history are available upon request.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | $5,700 | - |
1 1
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1139 W Sycamore Ave - Sycamore House
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