1305 W Cherry, Orange, CA 92868
- 4 beds
- 2 baths
- 1,327 sq ft
- 5,998 sq ft lot
- Built 1955
$1,085,000
The home
About 1305 W Cherry
Excellent opportunity to own an income-producing property in the desirable City of Orange! Currently leased for $6,220 per month, the property generates $74,640 in annual gross rental income, with the existing lease running through May 31, 2027. The tenant pays all utilities, while the owner covers landscaping service, helping keep operating expenses low. Investors can benefit from immediate rental income with an established tenant in place, while future homeowners have the opportunity to collect rent now and potentially move in after the lease expires, subject to applicable tenancy requirements. The existing lease also allows the owner to construct an Accessory Dwelling Unit (ADU) within the garage during the lease term, subject to city permits and approvals, offering the potential for additional rental income or future personal use. Conveniently located near Chapman University, Old Towne Orange, shopping, dining, and major freeways, this property offers strong rental appeal and long-term flexibility for investors and future homeowners alike.
Property details for 1305 W Cherry
This 4-bedroom, 2-bath single-family home sits in Orange in Orange County. It offers 1,327 square feet of living space and is listed at $1,085,000, about $818 per square foot. The home was built in 1955. The MLS record lists the assessor parcel number as 039-293-30. Highlights include a fireplace, single-story living, an attached two-car garage, a 5,998-square-foot lot, and central air. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $1,085,000
- Days On Site
- 2 Days
- Bedrooms
- 4
- Inside Area (SqFt)
- 1,327 sqft
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- N/A
- Lot Size
- 5,998 SqFt
- Year Built
- 1955
- MLS® Number
- OC26220349
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Owner
General Features
- Property Type
- Single Family Residence
- MLS Number
- OC26220349
- Year Built
- 1955
- Living Area (sq ft)
- 1,327
- Living Area Source
- Owner
- Lot Size (sq ft)
- 6,000
- Lot Size (acres)
- 0.1377
- Levels
- One
- Bedrooms
- 4
- Full Baths
- 2
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- None
- Parcel Number
- 03929330
- On Market Date
- 2026-10-09
- Listing Terms
- Standard
Interior Features
- Interior Features
- All Bedrooms Down
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- Living Room
- Laundry
- In Garage
- Main Level Bedrooms
- 4
- Main Level Bathrooms
- 2
- Entry Level
- 1
- Common Walls
- No Common Walls
- Rooms
- Bedroom
Exterior Features
- Lot Features
- Zero To One Unit Acre
- Parking
- Door Multi, Driveway, Garage
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 1
Community Features
- Community Features
- Sidewalks
The record
Property History for 1305 W Cherry
| Date | Event | Price | Note |
|---|---|---|---|
| Oct 9, 2026 | Listed for sale | $1,085,000 | |
| Oct 22, 2020 | Sold | $730,000 | Keller Williams Realty |
Cost of ownership
Estimated monthly payment
7.28% · 30-yr fixed$
$8,426/mo
10% down · 30-year fixed · $108,500 down
Principal & interest$6,681
Mortgage insurance (est., over 80% LTV)$407
Property tax (est. 1.13%)$1,022
Home insurance (rough est., varies widely)$316
HOANot reported, not included
$7,277/mo
20% down · 30-year fixed · $217,000 down
Principal & interest$5,939
Property tax (est. 1.13%)$1,022
Home insurance (rough est., varies widely)$316
HOANot reported, not included
$6,535/mo
30% down · 30-year fixed · $325,500 down
Principal & interest$5,197
Property tax (est. 1.13%)$1,022
Home insurance (rough est., varies widely)$316
HOANot reported, not included
Estimated carrying cost
$1,338/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.13%)$1,022
Home insurance (rough est., varies widely)$316
HOANot reported, not included
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.28% (week of Oct 1, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Orange rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
Next steps
Buying 1305 W Cherry
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Schools
School District for 1305 W Cherry
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Orange Unified.
Location
Location
Photographs
Photos of 1305 W Cherry, Orange
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Listed by Jacob Neal of BHHS Drysdale Properties
Listing information updated Oct 10, 2026 at 6:13 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.