A prime investment opportunity at 611 and 613 W Walnut in Orange, California. Located just minutes from Chapman University, these two standalone homes—each featuring 2 bedrooms and 2 bathrooms—offer stable rental income in a high-demand student housing market. The homes are fully leased, with 611 W Walnut bringing in $3,150 monthly and 613 W Walnut achieving a strong $3,425 monthly rent, showcasing the property's upside potential. The below-market rent at 611 highlights a clear path for future income growth, while the higher rent at 613 sets the benchmark for what both homes can achieve. Both units cater perfectly to Chapman students seeking privacy, modern amenities, and proximity to campus. Situated on a quiet, permit-only parking street with updated features and strong rental appeal, these properties are easy to lease and ideal for hands-off ownership. With stabilized tenants, consistent demand from Chapman’s growing student population, and the proven rent performance of 613, this offering provides a compelling mix of immediate income and future upside. Whether you're a seasoned investor or looking to break into the Orange market, 611 and 613 W Walnut deliver the kind of reliable returns and appreciation potential that make for a smart long-term hold.
Off market
Zestimate®
$1,187,900
611 W Walnut Ave, Orange, CA 92868
2beds
1,541sqft
Single Family Residence
Built in 1947
3,524 Square Feet Lot
$1,187,900 Zestimate®
$771/sqft
$3,571 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 15, 2025 at 09:12am
Source: CRMLS,MLS#: OC25121417
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,541 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 3,524 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 03908308
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Orange
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,Submit
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$1,187,900
2% more+$23,758
With Zillow Showcase(estimated)$1,211,658