Description
Welcome to 505 N. Hewes Street, Orange, CA a rare investment opportunity featuring a well-maintained 3-bedroom, 2-bathroom home offering approximately 1,800 square feet of living space on a generous 7,400 square foot lot. This property comes with an exceptional long-term tenant who has proudly called this home for over 18 years, providing stable and reliable rental income. Currently leased at $3,800 per month, the tenant has expressed a strong desire to remain and is willing to pay a higher rent to continue occupying the property, making this an ideal turnkey investment for both seasoned and first-time investors. The spacious floor plan, large lot size, and desirable Orange location offer excellent long-term value and future upside potential. Conveniently located near schools, shopping, dining, parks, and major freeways, this property combines dependable cash flow with the benefits of ownership in one of Orange County’s most sought-after communities. Don’t miss this opportunity to acquire a solid income-producing property with a proven rental history and a tenant who truly values calling this house home.
Details
| MLS # | OC26139991 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 82 |
| Listing Provided By | Novastar Real Estate | Hau Bui |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,668 |
| Garage | 2 |
| Story(s) | 1 |
| Units | 1 |
| Acreage | 0.18 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Block Walls, Granite Counters, All Bedrooms Down |
| Appliances | Dishwasher, Disposal, Gas Range, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Drywall |
| Foundation Details | Slab |
| Lot Features | Zero To One Unit Acre |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Garage |
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Street Lights |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Orange |
| Zip Code | 92869 |
| Area | 699 Not Defined |
| Listing VS Median (in 92869) | |
Price: $1,099,000 low | high Med: $0 On site: 82 low | high Med: | |
Market Activity 92869
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Orange |
| Zip Code | 92869 |
| Area | 699 Not Defined |
| Listing VS Median (in 92869) | |
Price: $1,099,000 low | high Med: $0 On site: 82 low | high Med: | |