420 N Batavia
Orange, CA 92868
Listing broker / agent: Younglewin Advisors, Inc. · Shane Young · 562-556-1118 · CRMLS
MLS # PW26212529 · Last checked Oct 25, 2026 11:27 UTC
About this property
Just listed near the heart of Old Towne Orange, 420 N. Batavia Street is a turnkey Chapman University student housing investment with two spacious, detached homes on one lot. It's a great fit for either a cash-flowing investment or an owner user. The front house was taken down to the studs and rebuilt with a new construction expansion into a 4 bedroom, 3 bath open floor plan layout purpose-built for student living. The rear house is a brand-new 2023 construction 4 bedroom, 4 bath home built from the ground up. Together the property offers 8 bedrooms and 7 baths across 2,445 SF on a 6,401 SF lot. Both homes feature luxury vinyl plank floors, new high-end finishes and appliances, private bed/baths, ensuite laundry, air conditioning, and private patios. Tenants share a large backyard with a lounge area and spa. The property has been 100% pre-leased since 2023 with steady rent growth year over year. It is fully leased at $10,955/mo, and every lease carries a parental guarantee, giving you secure income and reduced credit risk. At $1,875,000, 420 N. Batavia is offered at a 5.02% cap rate, a 14.26 GRM, and $234,375 per bedroom. That is the lowest GRM and lowest price per bedroom of any comparable Chapman-area sale in the past two years. It is about 17% below the median price per bedroom and $165,000+ below every other 8-bedroom sale. Current rents average just $1,369 per bedroom, about 10% below comparable Chapman properties, taking the cap rate to 5.59% at market rents. Students win too: a full 12-month lease at 420 costs less than a 9-month single bedroom at Chapman's own Chapman Grand apartments. Owners can add further value by converting the garage or building a second detached ADU under California's new AB 956, and excellent loan terms are available. With nearly 10,000 students and consistently strong enrollment within walking distance, this professionally managed asset offers year-round demand, low vacancy risk, a unique hedge against California rent control, and long-term appreciation in one of Orange County's most desirable rental submarkets.
Property details
- MLS number
- PW26212529
- Status
- Active
- Type
- Residential Income
- Subtype
- Duplex
- Lot size
- 0.1469 acres
- Year built
- 2023
More property detailsCollapse
Listing
- Days on market
- 2
Building
- Year built
- 2023
- Year built source
- Estimated
- Building stories
- 1
- Entry level
- 1
Rooms & interior
- Appliances
- Dryer, Washer
- Interior features
- High Ceilings, Quartz Counters
- Heating
- Ductless
- Cooling
- Ductless
- Fireplace
- None
- Laundry
- Inside
Exterior & parking
- Total parking spaces
- 5
- Garage spaces
- 1
- Pool
- None
- Spa
- Above Ground
- Lot features
- Back Yard, Front Yard, Lawn, Level, Near Public Transit, Sprinkler System, Value In Land, Yard
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Biking, Curbs, Dog Park, Golf, Park, Storm Drains, Street Lights, Sidewalks
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Sycamore Elementary (school website, opens in a new tab) Orange Unified · Orange | K–6 | 0.3 mi |
| Portola Middle (school website, opens in a new tab) Orange Unified · Orange | 7–8 | 0.4 mi |
| Richland Continuation High (school website, opens in a new tab) Orange Unified · Orange | 9–12 | 0.5 mi |
| West Orange Elementary (school website, opens in a new tab) Orange Unified · Orange | K–6 | 0.6 mi |
| Orange High (school website, opens in a new tab) Orange Unified · Orange | 9–12 | 0.8 mi |
| Cambridge Elementary (school website, opens in a new tab) Orange Unified · Orange | K–6 | 1.1 mi |
| Tomorrow's Leadership Collaborative (TLC) Charter (school website, opens in a new tab) Orange County Department of Education · Orange | Not reported | 1.2 mi |
| Yorba Middle (school website, opens in a new tab) Orange Unified · Orange | 7–8 | 1.3 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,875,000
- MLS-reported original asking price
- $1,875,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 06:03 | $1,875,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Orange
Active residential homes for sale in Orange, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
39 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-25 12:36 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗