Sold
367 N Waverly Street sold on August 25, 2023 for $1,774,500. The details are below for reference.
367 N Waverly Street, Orange, CA 92866
- 6 beds
- 5 baths
- 2,497 sq ft
- 6,750 sq ft lot
- Built 2023
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$1,774,500
The home
About 367 N Waverly Street
We are pleased to present this Chapman student housing investment property located at 367 N. Waverly, in the sought-after city of Orange. The property was built and is operated by one of the premier student housing developers in the market, with double-digit student housing properties. It is fully optimized for student rentals and comprises a meticulously remodeled front 4-bedroom, 4-bathroom house and a separate accessory dwelling unit (ADU) at the rear. The property is fully occupied, with a total monthly income of $9,600, and is offered at a 4.78% cap rate, 15.58 GRM, and $709 price per square foot, in line with market comparable sales.
The property is in a prime location for student housing rental, being just 0.7 miles away from Chapman University, a renowned private university with 10,001 students from primarily high-income families. Chapman University has an annual tuition of 58,634 and an endowment of 600 Million, and #4 of the Top American Film Schools, #60 in best business schools 2023-2024, and tied at #66 for best undergraduate in teaching. Student housing is an attractive asset class as it is inflation-resistant and resistant to rent control, given the relatively frequent turnover of student tenants.
The front house is a spacious and inviting residence, completely renovated in 2022 with modern updates to the kitchen, bathrooms, and throughout the interior, creating an attractive living space for tenants. The contemporary design, combined with keyless entry for each bedroom and individual climate control in each bedroom, positions the property perfectly for student rentals.
Additionally, the property boasts a separate ADU at the rear. This detached unit is perfect for individuals or small groups seeking a private living space. With its own entrance and amenities, the ADU offers a private and separate living space.
Both units have access to the landscaped backyard area and a hot tub. The property offers excellent curb appeal and is located in a residential neighborhood with ample street parking, in addition to the onsite parking.
Investors will appreciate the diversity and stability offered by this investment opportunity. The combination of the front house and ADU allows for multiple income streams and minimizes the risk associated with relying on a single tenant. 367 N Waverly St will make a great addition to any investor’s portfolio.
Property details for 367 N Waverly Street
This 6-bedroom, 5-bath single-family home sits in Orange in Orange County. It has 2,497 square feet of living space on a 6,750-square-foot lot. The home was built in 2023. The MLS record lists the assessor parcel number as 386-122-04. Highlights include single-story living, central air, and new construction.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- OC23108490
- Year Built
- 2023
- Living Area (sq ft)
- 2,497
- Lot Size (sq ft)
- 6,750
- Lot Size (acres)
- 0.155
- Levels
- One
- Bedrooms
- 6
- Full Baths
- 5
- View
- Neighborhood
- Parcel Number
- 38612204
- On Market Date
- 2023-06-18
- Listing Terms
- Standard
Interior Features
- Interior Features
- All Bedrooms Down
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
- Main Level Bedrooms
- 4
- Main Level Bathrooms
- 4
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Two To Five Units Acre
- Parking
- Driveway
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 2
Community Features
- Community Features
- Street Lights, Sidewalks
The record
Property History for 367 N Waverly Street
| Date | Event | Price | Note |
|---|---|---|---|
| Aug 25, 2023 | Sold | $1,774,500 | |
| Aug 14, 2023 | Status changed to Pending | From Active Under Contract | |
| Jul 28, 2023 | Status changed to Active Under Contract | From Active | |
| Jun 18, 2023 | Listed for sale | $1,795,000 | |
| Oct 1, 2020 | Sold | $693,000 | Keller Williams Realty |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 367 N Waverly Street
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, area of minimal flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0162J effective December 3, 2009. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones. Checked October 15, 2026.
- Liquefaction zone
Outside the liquefaction zones.
California Geological Survey, Seismic Hazard Zones map, Orange quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Orange quadrangle, released April 15, 1998. Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 43 of 43 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 43 of 43. Fixed wireless: Cosmo Network Solutions, LLC, up to 350 Mbps, at 43 of 43.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590758052007, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.4 miles away (Tesla Destination, 2 Level 2 ports). 447 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
Looking for something similar
367 N Waverly Street is no longer on the market, but comparable homes come up in Orange regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 367 N Waverly Street
Thinking of selling nearby? We bring current Orange sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
Orange home sales, past 12 months
- Homes sold
- 583
- Median price
- $1,255,000
- Median days on market
- 14
- Median per sq ft
- $681
Recorded MLS closings of single-family homes, Oct 28, 2025 to Oct 28, 2026. Days on market run from listing to going under contract.
Recent Orange sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 2809 N Colorado Lane | Oct 28, 2026 | $1,830,000 | 3,013 | $607 | 39 |
| 7625 E Twinleaf | Oct 28, 2026 | $1,425,000 | 2,722 | $524 | 6 |
| 606 E Vista Del Gaviota | Oct 27, 2026 | $830,000 | 1,372 | $605 | 0 |
| 1245 W Cherry | Oct 26, 2026 | $765,000 | 1,263 | $606 | 27 |
| 11082 Meads | Oct 26, 2026 | $1,775,000 | 2,965 | $599 | 193 |
Schools
School District for 367 N Waverly Street
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Orange Unified.
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Listed by Jacob Neal of BHHS Drysdale Properties
Listing information updated Aug 27, 2023 at 9:17 AM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.