There are multiple listings for this address:
526 N Emerald presents a prime investment opportunity in the heart of Orange, California, just minutes from Chapman University.
This four bedroom, two bathroom home is fully leased through June 30, 2026, generating $6,285 per month or $75,420 annually in rental income. At the offered price of $1,090,000, the property reflects a GRM of approximately 14.5 and a projected 5.2 percent CAP rate assuming 25 percent expenses. With a long term lease in place, the asset delivers immediate cash flow, stable returns, and minimal turnover risk in one of Orange’s most desirable student housing corridors.
The home is designed with student living in mind, featuring private bedrooms, generous common areas, and a layout well-suited for roommates. Durable finishes and low-maintenance systems ensure straightforward management, while outdoor space adds further appeal for tenants.
A major value add opportunity exists through the potential conversion of the garage into an ADU. The current lease already permits an ADU to be built, and similar units in the area typically command $2,000 to $2,500 per month in additional rental income. This presents a clear path for investors to increase returns well beyond the property’s existing performance.
Location is a key driver of value. 526 N Emerald sits within walking and biking distance of Chapman University, Dodge College of Film and Media Arts, and Old Towne Orange’s shops and restaurants. With consistent demand and low vacancy, the property is ideally positioned for ongoing rental success. Its quiet residential setting, paired with proximity to major freeways including the 5, 55, and 22, makes it both convenient and highly desirable.
With Chapman University’s enrollment growth continuing to outpace the supply of quality off-campus housing, properties like 526 N Emerald remain in high demand. For investors seeking predictable income, stable occupancy, and strong long-term upside, this home offers a rare opportunity to secure a performing student housing asset with built in expansion potential in one of Southern California’s strongest rental markets.
This four bedroom, two bathroom home is fully leased through June 30, 2026, generating $6,285 per month or $75,420 annually in rental income. At the offered price of $1,090,000, the property reflects a GRM of approximately 14.5 and a projected 5.2 percent CAP rate assuming 25 percent expenses. With a long term lease in place, the asset delivers immediate cash flow, stable returns, and minimal turnover risk in one of Orange’s most desirable student housing corridors.
The home is designed with student living in mind, featuring private bedrooms, generous common areas, and a layout well-suited for roommates. Durable finishes and low-maintenance systems ensure straightforward management, while outdoor space adds further appeal for tenants.
A major value add opportunity exists through the potential conversion of the garage into an ADU. The current lease already permits an ADU to be built, and similar units in the area typically command $2,000 to $2,500 per month in additional rental income. This presents a clear path for investors to increase returns well beyond the property’s existing performance.
Location is a key driver of value. 526 N Emerald sits within walking and biking distance of Chapman University, Dodge College of Film and Media Arts, and Old Towne Orange’s shops and restaurants. With consistent demand and low vacancy, the property is ideally positioned for ongoing rental success. Its quiet residential setting, paired with proximity to major freeways including the 5, 55, and 22, makes it both convenient and highly desirable.
With Chapman University’s enrollment growth continuing to outpace the supply of quality off-campus housing, properties like 526 N Emerald remain in high demand. For investors seeking predictable income, stable occupancy, and strong long-term upside, this home offers a rare opportunity to secure a performing student housing asset with built in expansion potential in one of Southern California’s strongest rental markets.
Property Details
Price:
$1,095,000
MLS #:
OC25195596
Status:
Pending
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
oto
Listed Date:
Sep 11, 2025
Lot Size:
6,344 sqft / 0.15 acres (approx)
Year Built:
1956
See this Listing
Schools
School District:
Orange Unified
Interior
Appliances
DW, RF, FSR
Bathrooms
2 Full Bathrooms
Cooling
CA
Laundry Features
OUT
Exterior
Community Features
SDW
Parking Spots
2
Financial
Map
Community
- AddressN Emerald DR Lot 61 Orange CA
- CityOrange
- CountyOrange
- Zip Code92868
Subdivisions in Orange
- Almond Court ALCT
- Cambridge CAMB
- Canyon Hills CYHL
- Chateau Orleans CHOL
- Enclave ENCL
- Greenhouse West GRNW
- Hewes Park Estates HEPE
- Hillsdale HLDL
- Huntington HTRC
- La Veta Monterey LAVM
- Mabury Ranch 1 MBRN
- Meadow Creek MDCK
- Morningside On The Lake MSLK
- Old Chapman Rd. Townhomes OLCR
- Orange Hill ORHL
- Orange Lakes ORLK
- Orange View ORVW
- Park Terrace Village PKTV
- Parkridge Estates PRKRE
- Santiago Ranchos SANR
- Smoketree SMKT
- Villa La Paloma VLLP
- Woodland WDLN
Market Summary
Current real estate data for Single Family in Orange as of Oct 30, 2025
133
Single Family Listed
27
Avg DOM
381
Avg $ / SqFt
$896,204
Avg List Price
Property Summary
- N Emerald DR Lot 61 Orange CA is a Single Family for sale in Orange, CA, 92868. It is listed for $1,095,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1956. The average price per square foot for Single Family listings in Orange is $381. The average listing price for Single Family in Orange is $896,204.
Similar Listings Nearby
Courtesy of BHHS Drysdale Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.N Emerald DR Lot 61
Orange, CA
526 N Emerald presents a prime investment opportunity in the heart of Orange, California, just minutes from Chapman University.
This four bedroom, two bathroom home is fully leased through June 30, 2026, generating $6,285 per month or $75,420 annually in rental income. At the offered price of $1,090,000, the property reflects a GRM of approximately 14.5 and a projected 5.2 percent CAP rate assuming 25 percent expenses. With a long term lease in place, the asset delivers immediate cash flow, stable returns, and minimal turnover risk in one of Orange’s most desirable student housing corridors.
The home is designed with student living in mind, featuring private bedrooms, generous common areas, and a layout well-suited for roommates. Durable finishes and low-maintenance systems ensure straightforward management, while outdoor space adds further appeal for tenants.
A major value add opportunity exists through the potential conversion of the garage into an ADU. The current lease already permits an ADU to be built, and similar units in the area typically command $2,000 to $2,500 per month in additional rental income. This presents a clear path for investors to increase returns well beyond the property’s existing performance.
Location is a key driver of value. 526 N Emerald sits within walking and biking distance of Chapman University, Dodge College of Film and Media Arts, and Old Towne Orange’s shops and restaurants. With consistent demand and low vacancy, the property is ideally positioned for ongoing rental success. Its quiet residential setting, paired with proximity to major freeways including the 5, 55, and 22, makes it both convenient and highly desirable.
With Chapman University’s enrollment growth continuing to outpace the supply of quality off-campus housing, properties like 526 N Emerald remain in high demand. For investors seeking predictable income, stable occupancy, and strong long-term upside, this home offers a rare opportunity to secure a performing student housing asset with built in expansion potential in one of Southern California’s strongest rental markets.
This four bedroom, two bathroom home is fully leased through June 30, 2026, generating $6,285 per month or $75,420 annually in rental income. At the offered price of $1,090,000, the property reflects a GRM of approximately 14.5 and a projected 5.2 percent CAP rate assuming 25 percent expenses. With a long term lease in place, the asset delivers immediate cash flow, stable returns, and minimal turnover risk in one of Orange’s most desirable student housing corridors.
The home is designed with student living in mind, featuring private bedrooms, generous common areas, and a layout well-suited for roommates. Durable finishes and low-maintenance systems ensure straightforward management, while outdoor space adds further appeal for tenants.
A major value add opportunity exists through the potential conversion of the garage into an ADU. The current lease already permits an ADU to be built, and similar units in the area typically command $2,000 to $2,500 per month in additional rental income. This presents a clear path for investors to increase returns well beyond the property’s existing performance.
Location is a key driver of value. 526 N Emerald sits within walking and biking distance of Chapman University, Dodge College of Film and Media Arts, and Old Towne Orange’s shops and restaurants. With consistent demand and low vacancy, the property is ideally positioned for ongoing rental success. Its quiet residential setting, paired with proximity to major freeways including the 5, 55, and 22, makes it both convenient and highly desirable.
With Chapman University’s enrollment growth continuing to outpace the supply of quality off-campus housing, properties like 526 N Emerald remain in high demand. For investors seeking predictable income, stable occupancy, and strong long-term upside, this home offers a rare opportunity to secure a performing student housing asset with built in expansion potential in one of Southern California’s strongest rental markets.
Property Details
Price:
$1,095,000
MLS #:
OC25229053
Status:
Pending
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
oto
Listed Date:
Oct 24, 2025
Finished Sq Ft:
1,527
Lot Size:
6,344 sqft / 0.15 acres (approx)
Year Built:
1956
See this Listing
Schools
School District:
Orange Unified
Interior
Appliances
DW, RF, FSR
Bathrooms
2 Full Bathrooms
Cooling
CA
Laundry Features
OUT
Exterior
Community Features
SDW
Parking Spots
2
Financial
Map
Community
- AddressN Emerald DR Lot 61 Orange CA
- CityOrange
- CountyOrange
- Zip Code92868
Subdivisions in Orange
- Almond Court ALCT
- Cambridge CAMB
- Canyon Hills CYHL
- Chateau Orleans CHOL
- Enclave ENCL
- Greenhouse West GRNW
- Hewes Park Estates HEPE
- Hillsdale HLDL
- Huntington HTRC
- La Veta Monterey LAVM
- Mabury Ranch 1 MBRN
- Meadow Creek MDCK
- Morningside On The Lake MSLK
- Old Chapman Rd. Townhomes OLCR
- Orange Hill ORHL
- Orange Lakes ORLK
- Orange View ORVW
- Park Terrace Village PKTV
- Parkridge Estates PRKRE
- Santiago Ranchos SANR
- Smoketree SMKT
- Villa La Paloma VLLP
- Woodland WDLN
Market Summary
Current real estate data for Single Family in Orange as of Oct 30, 2025
133
Single Family Listed
27
Avg DOM
381
Avg $ / SqFt
$896,204
Avg List Price
Property Summary
- N Emerald DR Lot 61 Orange CA is a Single Family for sale in Orange, CA, 92868. It is listed for $1,095,000 and features 4 beds, 2 baths, and has approximately 1,527 square feet of living space, and was originally constructed in 1956. The current price per square foot is $717. The average price per square foot for Single Family listings in Orange is $381. The average listing price for Single Family in Orange is $896,204.