456 N Batavia St 2 Unit Apartment Building $2,655,009 CAD ($1,327,504 CAD/Unit) 4.30% Cap Rate Orange, CA 92868

CAN BE DELIVERED VACANT!! Exceptional student housing investment opportunity located just 0.6 miles from Chapman University in the heart of Old Towne Orange. As one of Southern California's fastest growing private universities, Chapman's expanding enrollment and affluent student demographic continue to drive sustained demand for high quality off campus housing, creating a compelling, recession resistant investment opportunity. The offering consists of an extensively renovated 5-Bedroom/3-Bathroom main residence and a newly constructed 2 Bedroom/1 Bathroom ADU, together capable of generating over $10,000 in monthly gross income. Both units feature high quality finishes, generous living spaces, and private outdoor areas, commanding features that resonate with Chapman's discerning student population and their families. What makes this offering unique is the ability to deliver the property fully vacant at close of escrow, a rare advantage that provides buyers maximum flexibility to occupy, reposition, or lease at current market rents from day one. Whether targeting a Chapman parent looking to house a student while offsetting housing costs, an owner-occupant looking to live in the one while generating rental income from the another, or an investor seeking to establish their own tenant profile, this asset offers an immediate value add angle. The property's proximity to campus, combined with easy access to Old Towne Orange's vibrant dining and retail scene, Disneyland, and Angels Stadium, positions 456 N. Batavia as a premier off campus address with a defensible long term demand story in one of Orange County's most supply-constrained submarkets.