Active

420 N Batavia

Orange, CA 92868

$1,875,000 $7,905/Mo

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Overview

Bed

Bath

6,401

Sqft(Lot)

Description

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 l ounge 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

Property Type : ResidentialIncome

Price : $1,875,000

AD Id : 91604392

MLS Id : PW26212529

Beds : 8

Lot Size : 6,401 Sq. Ft

Year Built : 2023

Garage : 1

County : Orange

Map

What's Nearby

Nearby Areas

Features

Interior Features

HighCeilings, QuartzCounters

Appliances: Dryer, Washer

Laundry Features: Inside
Heating & Cooling

Has Heating: Yes Heating: Ductless Has Cooling: Yes Cooling: Ductless

Building Information

Year Built: 2023

Building Area Total: 2445

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 6401 Lot Size Acres: 0.1469 Lot Size Source: Assessor Lot Size Square Feet: 6,401 Lot Description: BackYard,FrontYard,Lawn,Level,NearPublicTransit,SprinklerSystem,ValueInLand,Yard

Listing Price Information

Listing Price: $1875000

Cash, CashToNewLoan

Tax Information

Parcel Number: 03901209 Tax Lot: 27,28

Parking Information

Parking Total: 5

Garage Information

Has Garage: Yes Garage Space: 1

Location Information

Direction: W of Glassell St and North of Chapman Ave WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
417 N Citrus, Orange, CA, 92868	$1,575,000	6	3	2,150	6,600 Sq. Ft
151 S Parker Street, Orange, CA, 92868	$1,589,000	5	3	--	6,325 Sq. Ft
1104 W Palm Avenue, Orange, CA, 92868	$1,450,000	5	4	2,578	7,012 Sq. Ft
3607 W Park Central Ave, Orange, CA, 92868	$1,325,000	6	4	2,734	6,311 Sq. Ft

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ByOwner last updated this listing 10/04/2026 @ 10:29

MLS: PW26212529 LISTED BY: Shane Young, Younglewin Advisors, Inc. 562-318-0215 SOURCE: CRMLS