456 Batavia St Orange, CA 92866

This exceptional retail property, located at 456 N Batavia Street in Orange, California (92866), presents a compelling investment opportunity. The 2,250 square foot building, featuring two units, underwent a complete renovation in 2024, including the construction of a brand-new accessory dwelling unit (ADU). Boasting a strong 4.78% cap rate and a Net Operating Income (NOI) of $94,470 (with a pro-forma NOI of $102,114), this property offers stable cash flow and significant potential for appreciation. The asking price is $1,975,000, translating to $875.83 per square foot. Built in 1952, the property's recent renovation ensures modern amenities, including individual keypad locks and climate control in each bedroom. Tenants share a private backyard, and ample street parking complements the driveway parking. The property's prime location, within walking distance of Chapman University, guarantees high tenant demand in a supply-constrained market. Its attractive curb appeal and location in a low-density residential neighborhood further enhance its desirability. The current owner is open to continuing as property manager, providing a seamless transition for the new owner. This property is ideally suited for both student housing investors and families affiliated with Chapman University seeking a high-return investment or owner-occupied student housing.