552 N Cambridge St, Orange, California 92867, Orange, 92867 - 0 bed, 0 bath
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Orange, California 92867
Analysis of 552 N Cambridge St, Orange, California 92867 is currently available with a list price of $2,090,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Orange Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property was built in 2022 and features a fully renovated front unit and a new construction back unit, both completed in 2022. The images confirm new, modern kitchens with white shaker cabinets, quartz countertops, and stainless steel appliances, along with new bathrooms, laminate wood flooring throughout, and modern light fixtures. The description also notes 'High End Finishes' and 'Air Conditioning, Forced Air Heat,' indicating all major systems are new and meet current quality standards.
Strategically located just 0.4 miles from Chapman University in the desirable Old Towne Orange area, making it ideal for student housing investors or Chapman parents.
Offers immediate annual cash flow exceeding $137,000 (5% Cap rate) with significant upside potential, including over 10% in current rents and the opportunity to convert the garage into a third unit.
Features a front unit fully renovated in 2022 and a new construction back unit (2022), both equipped with high-end finishes, air conditioning, forced air heat, and in-unit laundry.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2525, other record living area = 1025.
The list price of $2.09 million represents a substantial capital outlay, potentially narrowing the pool of prospective buyers to well-capitalized investors.
While a strength for its target demographic, the property's primary appeal as student housing may limit its broader marketability to general residential income investors.
Rare opportunity for a student housing investor or Chapman parent! 552-554 N Cambridge St is located in a premier pocket of the City of Orange, just 0.4 miles to the prestigious and growing Chapman University, and provides immediate cash flow of over $137,000 annually (a 5% Cap rate), with additional upside. The front house is a 4 Bedroom 3 Bath that was Fully Renovated in 2022 (and partial New Construction), and the back unit is a New Construction 4 Bedroom 4 Bath unit which is Not Subject to Any Rent Control. Each unit has ensuite laundry, Air Conditioning, Forced Air Heat, High End Finishes, and private yard space for tenants' enjoyment. The property also has ample Parking - a 4-Car driveway, a single car Garage, and is situated on an Oversized 7,686 SF lot. In addition to the existing cash-flow, the property offers significant upside. With over 10% upside in current rents and the opportunity to convert the single car garage to a 3rd Unit, a Savvy investor also has the opportunity to significantly increase the income moving forward. It's not often you see New Construction Property with additional upside in one of the most sought after rental markets in Orange County. This provides access to a strong and steady student renter base - a unique hedge against any future CA rent control initiatives. Reach out to the listing team for more information and debt quotes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,525 | 2,525 | 50% |
| Lot Size | 7,686 | 6,970 | 67% |
| Price | $2.09M | $1.31M | 67% |
| Price per sq ft | $828 | $427 | 67% |
| Built year | 2022 | 1964 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 80 | 184 | 33% |
Feb 1, 2026
$2,090,000
Initial Listing
Jul 31, 2020
$685,000
Public Record
Dec 16, 1999
$225,000
Public Record
Jul 22, 1999
$173,000
Public Record