1200 W Sycamore Ave - Apartments FOR SALE


Orange, CA 92868
$1,499,000 USD
209-642-2292
1200 W Sycamore Ave, Orange, CA for Sale
$1,499,000 USD
Apartments - FOR SALE
1/26
null | 4.55% Cap Rate

1200 W Sycamore Ave
Orange, CA 92868


HIGHLIGHTS

  • Fully Leased at Market Rate
  • Very close to Chapman, Disneyland, Old Towne Orange and OC Vibe

OVERVIEW

1200 W Sycamore presents a rare investment opportunity in the heart of Orange with strong in-place rental income, a newly built 2025 ADU, and consistent demand driven by its prime location near Chapman University and some of Orange County’s largest employment and entertainment hubs. The property currently generates $8,600 per month in rental income, totaling over $103,000 in projected annual gross income. The front house is leased at $6,600 per month beginning July 1, while the detached 2025 ADU generates an additional $2,000 per month. With historically low vacancy and strong rental performance year after year, this property offers immediate cash flow with long-term upside potential. Located in one of Orange’s most sought-after rental corridors near Chapman University, the property consistently attracts tenants seeking housing close to campus, helping drive above-market rental demand compared to many traditional single-family rentals. At the same time, the location appeals far beyond the university market with convenient access to CHOC, St. Joseph Hospital, Angels Stadium, Disneyland, OC Vibe, Old Towne Orange, dining, entertainment, and major Orange County freeways. The newly constructed ADU adds flexibility and value by creating multiple income streams and future options for owner occupancy, multigenerational living, or supplemental rental income. This property is ideal for investors seeking stable cash flow in a high-demand rental market, owner-users looking to offset expenses with rental income, or parents wanting to secure housing for a Chapman student while benefiting from long-term appreciation potential. Investment opportunities combining strong income, a brand-new ADU, central Orange location, and proven rental demand are increasingly difficult to find.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$789 USD /SF

# OF UNITS

2

PRICE/UNIT

$749,500

CAP RATE

4.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,090 SF

ZONING

R-1

APN/PARCEL ID

039-024-07

ASK ABOUT THIS PROPERTY

Jacob NealBerkshire Hathaway HomeServices Drysdale PropertieMore Info
209-642-2292

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Jacob NealBerkshire Hathaway HomeServices Drysdale PropertieMore Info
209-642-2292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.