Property Details
About this Property
526 N Emerald presents a prime investment opportunity in the heart of Orange, California, just minutes from Chapman University. This four bedroom, two bathroom home is fully leased through June 30, 2026, generating $6,285 per month or $75,420 annually in rental income. At the offered price of $1,090,000, the property reflects a GRM of approximately 14.5 and a projected 5.2 percent CAP rate assuming 25 percent expenses. With a long term lease in place, the asset delivers immediate cash flow, stable returns, and minimal turnover risk in one of Orange’s most desirable student housing corridors. The home is designed with student living in mind, featuring private bedrooms, generous common areas, and a layout well-suited for roommates. Durable finishes and low-maintenance systems ensure straightforward management, while outdoor space adds further appeal for tenants. A major value add opportunity exists through the potential conversion of the garage into an ADU. The current lease already permits an ADU to be built, and similar units in the area typically command $2,000 to $2,500 per month in additional rental income. This presents a clear path for investors to increase returns well beyond the property’s existing performance. Location is a key driver of value. 526 N Emerald s
MLS Listing Information
MLS #
CROC25195596
MLS Source
California Regional MLS
Days on Site
7
Interior Features
Appliances
Dishwasher, Other, Oven Range, Refrigerator
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 2 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
526 N Emerald Dr is a Residential Income in Orange, CA 92868. This – square foot property sits on a 6,344 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,095,000 and was built in 1956. This address can also be written as 526 N Emerald Dr, Orange, CA 92868.
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This listing information is up-to-date as of September 12, 2025. For the most current information, please contact Jacob Neal
