Active

461 N Citrus St

Orange, CA 92868

$2,295,000 $9,675/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

8,579

Sqft(Lot)

Description

Turnkey Student Housing! Built in 1901 and known as "The Parker House," said to be the 9th home ever built in Orange, this Victorian farmhouse has been reimagined into one of the most efficient Chapman University student housing assets on the market. Two detached units sit on an 8,579 SF lot: a 6 bed/4 bath main residence plus a brand new 2 bed/1 bath ADU completed in 2023. Both are leased through 5/31/2027 at $12,190 per month. The main house has been comprehensively rehabbed with new electrical, plumbing, kitchens, baths, flooring, counters, windows, lighting and appliances, plus a reconfigured floor plan, while keeping the character that keeps students renewing year after year: soaring ten foot ceilings, pocket doors, a wraparound porch, hardwood floors, and 900+ SF of standup atti c storage. Parking is abundant both on site and along the street, a rare advantage this close to campus. The home may also qualify for the Mills Act, offering a potential property tax reduction for the next owner. Walking distance to Chapman University, Old Towne Orange Plaza, and the Metrolink station, with immediate freeway access. A turnkey, passive asset in the tightest student rental submarket in Orange County. May be purchased individually or together with the contiguous listing at 456 N Batavia St (MLS# PW26153372) as a combined portfolio of two adjoining parcels.

Property Details

Property Type : ResidentialIncome

Price : $2,295,000

AD Id : 88327939

MLS Id : PW26160701

Beds : 8

Lot Size : 8,579 Sqft

Year Built : 1901

County : Orange

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 1901

Building Area Total: 3345

Stories: 1

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 8579 Lot Size Acres: 0.1969 Lot Size Source: Assessor Lot Size Square Feet: 8,579 Lot Description: ZeroToOneUnitAcre

Property Information

Subdivision: na Source Property Type: ResidentialIncome Property SubType: Duplex Levels: One,Two Property Age: 125

Listing Price Information

Listing Price: $2295000

Contract

Tax Information

Parcel Number: 03901223 Tax Lot: na Tax Block: C Tax Year: 2026 Annual Tax: $24716

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 7 Driveway

Location Information

Direction: Citrus St and Walnut Ave WaterSource: Public

Sell a home like this and save $137,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
151 S Parker Street, Orange, CA, 92868	$1,589,000	5	3	1,991	1,991 SqFt
3440 W Park Balboa, Orange, CA, 92868	$1,450,000	6	4	3,164	3,164 SqFt
3607 W Park Central Ave, Orange, CA, 92868	$1,450,000	6	4	2,734	2,734 SqFt