Active

417 N Citrus Street

Orange, CA 92868
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Bed 6

Bed

Bath 3

Bath

SqFt2,150

Sqft

SqFt6,600

Sqft(Lot)

Located in the heart of Orange, just steps from Chapman University, 417 N Citrus Ave offers a rare opportunity for an owner occupant to offset a large portion of their monthly mortgage with built-in rental income already in place. The property features a 4 bedroom, 2 bathroom front house along with a newly built 2024 detached 2 bedroom, 1 bathroom ADU in the rear. Whether you are a parent looking to purchase housing for your Chapman student, a young family wanting help with monthly payments, or a buyer planning for long-term wealth creation, this setup provides flexibility that is hard to find in Orange. The rear ADU is currently leased at $3,200 per month through May 31, 2027, creating stable income from day one. Live in the front house while the ADU helps offset your mortgage, insu rance, taxes, and monthly expenses. For many buyers, this can dramatically reduce the true monthly cost of ownership compared to purchasing a traditional single family home. The front house offers a flexible layout with a variety of bedroom sizes, making it ideal for families, roommates, or students. The detached ADU was completed in 2024 with modern finishes, private living space, and its own in-unit washer and dryer. The front house also includes separate laundry located in the garage. For parents of Chapman students, this property creates the ability to own instead of rent during college years while benefiting from rental income and long-term appreciation in one of Orange’s strongest housing markets. Buyers can live in one unit today and maintain a future investment property with proven rental demand near Chapman University. The property can also function as a fully leased investment, currently generating $9,110 per month in gross rental income. At the current list price of $1,695,000, the property has an approximate 15.4 GRM and an estimated 4.9% CAP rate, supported by a low expense profile with Tenants paying utilities. Properties that combine owner-occupant flexibility, newer construction, and strong income potential, this close to Chapman University, rarely come available.

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Detail Ic Property Details

Property Type : Residential

Price : $1,695,000

AD Id : 77589504

MLS Id : OC26082972

Beds : 6

Lot Size : 6,600 Sqft

Living Area Size : 2,150

Year Built : 1950

Garage : 2

County : Orange

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Feature Features

  • Bedroom Information

    Total Bedrooms: 6

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Interior Features: All Bedrooms Down Fireplace: Living Room
  • Cooling Features

    Central Air Air Conditioning

    Fireplace

    Fireplace Features: Living Room Has Fireplace: 1

  • Building Information

    Year Built: 1950
  • Pool Features

    None

    Laundry Features

    In Garage

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1515
  • Lot Size Source: Assessor Lot Size Square Feet: 6600

  • Listing Price Information

    Original List Price: 1,695,000 Listing Contract Date: 2026-04-16
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 03901217

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 72 - Orange & Garden Grove, E of Harbor, N of 22 F Postal Code Plus 4: 2140 Directions: From Chapman University West on Walnut South on W. Citrus Source Property Type: Residential Area: 72 - Orange & Garden Grove, E of Harbor, N of 22 F Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 76 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Assessor Total Square Feet Living: 2150 Entry Level: 1 Entry Location: Citrus Levels or Stories: One Building Total Stories: 1 Structure Type: House
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
151 S Parker Street, Orange, CA, 92868 $1,599,000 5 3 1,991 1,991 SqFt
1200 W Sycamore, Orange, CA, 92868 $1,499,000 6 3 1,901 1,901 SqFt
1052 W Palmyra, Orange, CA, 92868 $1,198,000 3 2 1,383 1,383 SqFt
380 S Devon, Orange, CA, 92868 $849,900 3 1 1,057 1,057 SqFt
2027 W Arbor Way, Orange, CA, 92868 $949,500 4 1 1,246 1,246 SqFt
2234 W Palm Avenue, Orange, CA, 92868 $1,049,000 3 2 1,273 1,273 SqFt
164 N Stevens Street, Orange, CA, 92868 $900,000 2 1 908 908 SqFt
179 N Donneybrooke, Orange, CA, 92868 $839,000 3 1 961 961 SqFt
300 N Rampart #197, Orange, CA, 92868 $235,000 3 2 1,500 1,500 SqFt
300 N Rampart #157, Orange, CA, 92868 $175,000 2 2 1,488 1,488 SqFt

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ByOwner last updated this listing 06/11/2026 @ 14:58

MLS: OC26082972 LISTED BY: Jacob Neal, BHHS Drysdale Properties 925-244-1933 SOURCE: CRMLS

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