456 Batavia StOrange, CA 92866

Property Details for 456 Batavia St

Year built

1952

Property size (Sq ft)

2,250 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Orange

County

Orange

State

California

Latitude

33.7835

Longitude

-117.846

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