420 N Batavia, Orange, California 92868, Orange, 92868 - 0 bed, 0 bath
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420 N Batavia
Orange, California 92868
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,445Sq Ft
6,401Lot Size
Property Price
LIST PRICE$1,875,000
EST. MARKET VALUE
$1,956,526
4% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a turnkey student housing Buy-and-Hold Investor asset, listed at $1,875,000—positioned well below the $1,956,526 Fair Market Value by 4%. This valuation gap offers $81,526 in Instant Equity. Featuring a 2023 construction and Mint Condition Rating, the property includes a spa and private patios. With 100% pre-leased income and parental guarantees, this is an ideal acquisition for Owner-Occupants or investors seeking stable, high-demand cash flow near Chapman University.
Estimated Market Value
$1,956,526+$81,526 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Orange.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 N Batavia Subject 0 bd · 0 ba · 2,445 sqft · $800 | $1,875,000* List Price | 0 | 0 | 2,445 | $800 | - |
A 130 -132 S Lime Street Sold 0 bd · 0 ba · 2,105 sqft · $808 · 0.5 mi | $1,700,000 | 0 | 0 | 2,105 | $808 | 0.5 mi |
B 1104 W Palm Avenue Active 5 bd · 4 ba · 2,578 sqft · $562 · 0.2 mi | $1,450,000 List Price | 5 | 4 | 2,578 | $562 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Property features a brand-new 2023 construction and a front house rebuilt to the studs. Includes new HVAC systems, solar panels, luxury vinyl plank flooring, and modern kitchens/baths in mint, turnkey condition.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Investment Value
Offered at the lowest GRM and price per bedroom in the Chapman area over the last two years, providing a strong 5.02% cap rate with immediate upside to 5.59% at market rents.
- Turnkey Modern Construction
The property features a 2023 ground-up build and a complete stud-out remodel, offering high-end finishes, luxury vinyl flooring, and individual climate control that minimize immediate capital expenditures.
- Low-Risk Income Security
The asset is 100% pre-leased with parental guarantees on every lease, ensuring consistent cash flow and significantly reduced credit risk within a high-demand student housing market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2445, other record living area = 945.
- Management Intensity
Operating a high-density student housing asset with eight individual bedrooms requires more active management and turnover coordination than traditional residential income properties.
- Potential Parking Constraints
With eight bedrooms across two detached homes on a 6,401 SF lot, parking and private outdoor space may be limited, especially if the garage is converted into an additional ADU.
About 420 N Batavia
Just listed near the heart of Old Towne Orange, 420 N. Batavia Street is a turnkey Chapman University student housing investment with two spacious, detached homes on one lot. It's a great fit for either a cash-flowing investment or an owner user. The front house was taken down to the studs and rebuilt with a new construction expansion into a 4 bedroom, 3 bath open floor plan layout purpose-built for student living. The rear house is a brand-new 2023 construction 4 bedroom, 4 bath home built from the ground up. Together the property offers 8 bedrooms and 7 baths across 2,445 SF on a 6,401 SF lot. Both homes feature luxury vinyl plank floors, new high-end finishes and appliances, private bed/baths, ensuite laundry, air conditioning, and private patios. Tenants share a large backyard with a lounge area and spa. The property has been 100% pre-leased since 2023 with steady rent growth year over year. It is fully leased at $10,955/mo, and every lease carries a parental guarantee, giving you secure income and reduced credit risk. At $1,875,000, 420 N. Batavia is offered at a 5.02% cap rate, a 14.26 GRM, and $234,375 per bedroom. That is the lowest GRM and lowest price per bedroom of any comparable Chapman-area sale in the past two years. It is about 17% below the median price per bedroom and $165,000+ below every other 8-bedroom sale. Current rents average just $1,369 per bedroom, about 10% below comparable Chapman properties, taking the cap rate to 5.59% at market rents. Students win too: a full 12-month lease at 420 costs less than a 9-month single bedroom at Chapman's own Chapman Grand apartments. Owners can add further value by converting the garage or building a second detached ADU under California's new AB 956, and excellent loan terms are available. With nearly 10,000 students and consistently strong enrollment within walking distance, this professionally managed asset offers year-round demand, low vacancy risk, a unique hedge against California rent control, and long-term appreciation in one of Orange County's most desirable rental submarkets.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 2023
- Lot Size
- 6,401 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 6.0 |
| Baths | 0.0 | 6.0 |
| Square foot | 2,445 | 2,765.409 |
| Lot Size | 6,401 | 7,815.318 |
| Price | $1.88M | $1.43M |
| Price per sq ft | $767 | $504 |
| Built year | 2023 | 1972 |
| HOA | $0 | $81 |
| Days on market | 25 | 149 |
Pricing History
Listed for Sale
Sep 30, 2026
$1,875,000
Initial Listing
Sold
Jul 31, 2020
$595,000
Public Record
Sold
Feb 13, 2019
$515,000
Public Record
Sold
May 11, 2007
$470,000
Public Record