New

$1,475,000

For Sale

21 hours ago

526 N Emerald Dr, Orange, CA

Name: 526 N Emerald Dr, For Sale in Orange - eXp Realty
Brand: Real Broker
SKU: 26897423
Price: 1475000 USD

House

MLS® 26897423

5 Bed

3 Bath

1927 sqft

3 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 1927 sqft

Garage

Taxes

Days Active 1

Lot Size 0.1456 Acres

Approx. Age 1956

Avg. Price Per Sqft $765

MLS® Number 26897423

Property Address: 526 N Emerald Dr, Orange, CA, 92868

Average square foot calculated using Size range provided by listing agent.

Description

Experience the quintessential Old Towne Orange lifestyle with this fully stabilized two-on-a-lot income property, just one mile from Chapman University! The main residence (4BR/2BA, 1, 522 sq.ft.) showcases authentic mid-century character with vaulted beamed ceilings, hardwood and tile flooring, dual-pane windows, and an open floor plan anchored by a cozy fireplace with sliding glass doors opening to the rear yard. Both bathrooms have been tastefully updated, and the kitchen offers oak cabinetry, granite countertops, a built-in wine rack, and stainless appliances including a gas range and dishwasher. Every bedroom features generous closet space. The second residence (1BR/1BA, 405 sq.ft.), a permitted garage conversion completed in 2026, is brand new construction throughout and remains under contractor warranty, leased at $2, 200 per month. Both units are leased through August 2027 with tenants covering all utilities, producing $6, 950 per month with zero vacancy exposure. All maintenance items have been addressed, the main-house punch list was completed at lease-up, and the general contractor remains available to a new owner - no deferred maintenance and no near-term capital expenditures anticipated. Outside, enjoy a covered patio, mature front landscaping, a stone walkway, long driveway, carport and off-street parking, plus a large level rear yard offering a clean slate for turf, landscaping, and a dividing fence to give each unit its own private outdoor space. With a location just a short stroll to Chapman University, the Orange Circle, and the eclectic dining, coffee and boutique shopping of Old Towne, plus Metrolink, St. Joseph Hospital, UCI Health and quick 55 and 22 freeway access, this turn-key property is a high-demand rental or a perfect multi-generational setup. At the current list price of $1, 475, 000, in-place rents equate to approximately a 17.69X GRM and a 4.41% CAP Rate. Notably, the main residence was leased at $6, 100 per month as recently as July 2026 - restored to that level the property collects $8, 300 monthly, or approximately a 14.81X GRM and an estimated 5.51% CAP Rate.

MLS® Number26897423

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1956

Basement

DrivewayDriveway

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 28, 2026List Date

$1,475,000List Price

Oct 24, 2025End Date

$1,061,000Sold Price

Sold

Sep 30, 2025List Date

$1,095,000List Price

Oct 24, 2025End Date

$1,061,000Sold Price

Sold

Sep 11, 2025List Date

$1,095,000List Price

Commute

Commute

Starting Address

Destination Address

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