570 N Cambridge

About This Property

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.

Neighborhood

This property is located in Orange. Want to learn more about the area?

Listing courtesy of Younglewin Advisors, Inc.

Listing data from CRMLS. Deemed reliable but not guaranteed.