461 N Citrus St, Orange, CA 92868
461 N Citrus St, Orange, CA 92868
461 N Citrus St, Orange, CA 92868
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$2,295,000
Est. payment /mo
8,576 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Na

MLS Listing ID PW26160701

HOA Y/N No

Year Built 1901

Annual Tax Amount $24,716

Tax Year 2026

Lot Size 8,576 Sqft

Property Sub-Type Duplex

Property Description

Turnkey Student Housing! Built in 1901 and known as "The Parker House," said to be the 9th home ever built in Orange, this Victorian farmhouse has been reimagined into one of the most efficient Chapman University student housing assets on the market. Two detached units sit on an 8,579 SF lot: a 6 bed/4 bath main residence plus a brand new 2 bed/1 bath ADU completed in 2023. Both are leased through 5/31/2027 at $12,190 per month.

The main house has been comprehensively rehabbed with new electrical, plumbing, kitchens, baths, flooring, counters, windows, lighting and appliances, plus a reconfigured floor plan, while keeping the character that keeps students renewing year after year: soaring ten foot ceilings, pocket doors, a wraparound porch, hardwood floors, and 900+ SF of standup attic storage. Parking is abundant both on site and along the street, a rare advantage this close to campus. The home may also qualify for the Mills Act, offering a potential property tax reduction for the next owner.

Walking distance to Chapman University, Old Towne Orange Plaza, and the Metrolink station, with immediate freeway access. A turnkey, passive asset in the tightest student rental submarket in Orange County.

May be purchased individually or together with the contiguous listing at 456 N Batavia St (MLS# PW26153372) as a combined portfolio of two adjoining parcels.

Location

State CA

County Orange

Area 72 - Orange & Garden Grove, E Of Harbor, N Of 22 F

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Inside

Exterior

Parking Features Driveway

Pool None

Community Features Biking, Curbs, Dog Park, Street Lights, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 03901223

Acceptable Financing Contract

Listing Terms Contract

Special Listing Condition Standard

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Listed by Daniel Gomez Younglewin Advisors, Inc. 562-266-7629, DRE #02081392

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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