1305 W Cherry
Orange, CA 92868
Listing broker / agent: BHHS Drysdale Properties · Jacob Neal · 209-642-2292 · CRMLS
MLS # OC26220349 · Last checked Oct 19, 2026 07:56 UTC
About this property
Excellent opportunity to own an income-producing property in the desirable City of Orange! Currently leased for $6,220 per month, the property generates $74,640 in annual gross rental income, with the existing lease running through May 31, 2027. The tenant pays all utilities, while the owner covers landscaping service, helping keep operating expenses low. Investors can benefit from immediate rental income with an established tenant in place, while future homeowners have the opportunity to collect rent now and potentially move in after the lease expires, subject to applicable tenancy requirements. The existing lease also allows the owner to construct an Accessory Dwelling Unit (ADU) within the garage during the lease term, subject to city permits and approvals, offering the potential for additional rental income or future personal use. Conveniently located near Chapman University, Old Towne Orange, shopping, dining, and major freeways, this property offers strong rental appeal and long-term flexibility for investors and future homeowners alike.
Property details
- MLS number
- OC26220349
- Status
- Active
- Type
- Residential
- Subtype
- Single Family Residence
- Beds / baths
- 4 Beds • 2 Baths
- Living area
- 1,327 Sq Ft
- Lot size
- 0.1377 acres
- County
- Orange
- Year built
- 1955
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 1
Building
- Year built
- 1955
- Year built source
- Assessor
- Stories
- 1
- Building stories
- 1
- Levels
- One
- Entry level
- 1
- Living area source
- Owner
Bathrooms
- Full bathrooms
- 2
Rooms & interior
- Main-level bedrooms
- 4
- Main-level bathrooms
- 2
- Rooms
- Bedroom
- Interior features
- All Bedrooms Down
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- Living Room
- Laundry
- In Garage
Exterior & parking
- Total parking spaces
- 2
- Garage spaces
- 2
- Parking
- Door Multi, Driveway, Garage
- Attached garage
- Yes
- Pool
- None
- Lot features
- Zero To One Unit Acre
- Lot size source
- Assessor
- Property outlook
- None
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Sidewalks
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Schools reported in the listing
- High school district
- Orange Unified
School information is supplied with the listing. Confirm current attendance boundaries and enrollment eligibility directly with the school district.
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Sycamore Elementary (school website, opens in a new tab) Orange Unified · Orange | K–6 | 0.1 mi |
| Portola Middle (school website, opens in a new tab) Orange Unified · Orange | 7–8 | 0.3 mi |
| West Orange Elementary (school website, opens in a new tab) Orange Unified · Orange | K–6 | 0.6 mi |
| Richland Continuation High (school website, opens in a new tab) Orange Unified · Orange | 9–12 | 0.7 mi |
| Orange High (school website, opens in a new tab) Orange Unified · Orange | 9–12 | 1.0 mi |
| Cambridge Elementary (school website, opens in a new tab) Orange Unified · Orange | K–6 | 1.3 mi |
| ACCESS Juvenile Hall (school website, opens in a new tab) Orange County Department of Education · Costa Mesa | K–12 | 1.4 mi |
| Tomorrow's Leadership Collaborative (TLC) Charter (school website, opens in a new tab) Orange County Department of Education · Orange | Not reported | 1.4 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,085,000
- MLS-reported original asking price
- $1,085,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 10, 2026 00:08 | $1,085,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Orange
Active residential homes for sale in Orange, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
28 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 08:07 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗