Listed by Jacob Neal, BHHS Drysdale Properties, (925) 244-1933 . Bought with Real Estate Legends
367 N Waverly St
Orange, CA 92866
- 6 Beds
- 5 Baths
- 2,497 sqft
6 Beds
5 Baths
2,497 sqft
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
2023
Living Area
2,497 sqft
Price/Sqft
$798
HOA
None
About this House
We are pleased to present this Chapman student housing investment property located at 367 N. Waverly, in the sought-after city of Orange. The property was built and is operated by one of the premier student housing developers in the market, with double-digit student housing properties. It is fully optimized for student rentals and comprises a meticulously remodeled front 4-bedroom, 4-bathroom house and a separate accessory dwelling unit (ADU) at the rear. The property is fully occupied, with a total monthly income of $9,600, and is offered at a 4.78% cap rate, 15.58 GRM, and $709 price per square foot, in line with market comparable sales.
The property is in a prime location for student housing rental, being just 0.7 miles away from Chapman University, a renowned private university with 10,001 students from primarily high-income families. Chapman University has an annual tuition of 58,634 and an endowment of 600 Million, and #4 of the Top American Film Schools, #60 in best business schools 2023-2024, and tied at #66 for best undergraduate in teaching. Student housing is an attractive asset class as it is inflation-resistant and resistant to rent control, given the relatively frequent turnover of student tenants.
The front house is a spacious and inviting residence, completely renovated in 2022 with modern updates to the kitchen, bathrooms, and throughout the interior, creating an attractive living space for tenants. The contemporary design, combined with keyless entry for each bedroom and individual climate control in each bedroom, positions the property perfectly for student rentals.
Additionally, the property boasts a separate ADU at the rear. This detached unit is perfect for individuals or small groups seeking a private living space. With its own entrance and amenities, the ADU offers a private and separate living space.
Both units have access to the landscaped backyard area and a hot tub. The property offers excellent curb appeal and is located in a residential neighborhood with ample street parking, in addition to the onsite parking.
Investors will appreciate the diversity and stability offered by this investment opportunity. The combination of the front house and ADU allows for multiple income streams and minimizes the risk associated with relying on a single tenant. 367 N Waverly St will make a great addition to any investor’s portfolio.
The property is in a prime location for student housing rental, being just 0.7 miles away from Chapman University, a renowned private university with 10,001 students from primarily high-income families. Chapman University has an annual tuition of 58,634 and an endowment of 600 Million, and #4 of the Top American Film Schools, #60 in best business schools 2023-2024, and tied at #66 for best undergraduate in teaching. Student housing is an attractive asset class as it is inflation-resistant and resistant to rent control, given the relatively frequent turnover of student tenants.
The front house is a spacious and inviting residence, completely renovated in 2022 with modern updates to the kitchen, bathrooms, and throughout the interior, creating an attractive living space for tenants. The contemporary design, combined with keyless entry for each bedroom and individual climate control in each bedroom, positions the property perfectly for student rentals.
Additionally, the property boasts a separate ADU at the rear. This detached unit is perfect for individuals or small groups seeking a private living space. With its own entrance and amenities, the ADU offers a private and separate living space.
Both units have access to the landscaped backyard area and a hot tub. The property offers excellent curb appeal and is located in a residential neighborhood with ample street parking, in addition to the onsite parking.
Investors will appreciate the diversity and stability offered by this investment opportunity. The combination of the front house and ADU allows for multiple income streams and minimizes the risk associated with relying on a single tenant. 367 N Waverly St will make a great addition to any investor’s portfolio.
367 N Waverly St, Orange, CA 92866 is a 6 bedroom, 5 bathroom, 2,497 sqft single-family home built in 2023. It last sold for $1,774,500 on Aug 25, 2023 (1% below the $1,795,000 asking price). More recently, it was listed as a rental in April 2026 with an asking price of $6,495 per month. That rental listing was removed on June 12, 2026. It is currently off market. The Trulia Estimate is $1,992,200, with a rent estimate of $6,889/month.
Home Details for 367 N Waverly St
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Interior Details Number of Rooms: 1Types of Rooms: Bedroom |
Beds & Baths Number of Bedrooms: 6Main Level Bedrooms: 4Number of Bathrooms: 5Number of Bathrooms (full): 5Number of Bathrooms (main level): 4 |
Dimensions and Layout Living Area: 2497 Square Feet |
Appliances & Utilities Laundry: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Fireplace & Spa Fireplace: NoneNo Fireplace |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneEntry Location: street |
View Has a ViewView: Neighborhood |
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Exterior Home Features No Private Pool |
Parking & Garage No GarageNo Attached GarageParking: Driveway |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 39 |
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Year Built Year Built: 2023 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: House |
Building Is a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 38612204 |
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Price List Price: $1,795,000 |
Status Change & Dates Off Market Date: Thu Jul 27 2023 |
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MLS Status: Closed |
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Direction & Address City: Orange |
School Information High School District: Orange Unified |
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Community Features: Street Lights, SidewalksNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 6750 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, 1031 Exchange, Submit |
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Mls Number: OC23108490Living Area Range Units: Square FeetCommon Interest: NoneUniversal Property Id: US-06059-N-38612204-R-N |
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Street LightsSidewalks |
Last check for updates: about 3 hours ago
Listed by Jacob Neal DRE #02097852
BHHS Drysdale Properties
Daniel Lewin DRE #01932742, (424) 224-9344
Younglewin Advisors, Inc.
Bought with: Jacob Kucheck DRE #01795323, Real Estate Legends
Originating MLS: California Regional MLS
Source: CRMLS, MLS#OC23108490

Price History for 367 N Waverly St
| Date | Price | Event | Source |
|---|---|---|---|
| 06/12/2026 | $5,995 | ListingRemoved | Zillow Rentals |
| 05/12/2026 | $5,995 | PriceChange | Zillow Rentals |
| 05/04/2026 | $6,395 | PriceChange | Zillow Rentals |
| 04/13/2026 | $6,495 | Listed For Rent | Zillow Rentals |
| 08/25/2023 | $1,774,500 | Sold | CRMLS #OC23108490 |
| 07/28/2023 | $1,795,000 | Pending | MetroList Services of CA #223056541 |
| 07/28/2023 | $1,795,000 | Contingent | CRMLS #OC23107739 |
| 06/17/2023 | $1,795,000 | Listed For Sale | CRMLS #OC23107739 |
| 07/15/2022 | ListingRemoved | Zillow Rental Manager | |
| 07/03/2022 | $5,400 | PriceChange | Zillow Rental Manager |
| 05/18/2022 | $5,995 | Listed For Rent | Zillow Rental Manager |
| 10/01/2020 | $693,000 | Sold | CRMLS #IG20122622 |
| 07/22/2020 | $699,999 | Pending | Agent Provided |
| 06/25/2020 | $699,999 | Listed For Sale | Agent Provided |
Market trends in Orange
Last updated June 2026
Avg. sale price
$1.17M
$41.5KMoM
Sale-to-List Price
100.0%
0.2%MoM
Price per sq ft
$632
$5MoM
Available listings
204
4MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $19,578 |
| Assessment | $1,809,990 |
Home facts updated by county records
Comparable Sales for 367 N Waverly St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.21 | Single-Family Home | $1,788,000 | 07/30/25 | 6 | 4 | 2,290 | |
0.08 | Single-Family Home | $1,400,000 | 02/13/26 | 6 | 3 | 2,245 | |
0.19 | Single-Family Home | $1,420,000 | 07/02/26 | 4 | 4 | 2,016 | |
0.13 | Single-Family Home | $1,599,000 | 03/11/26 | 4 | 2.5 | 1,853 | |
0.27 | Single-Family Home | $1,550,000 | 08/20/25 | 5 | 3 | 2,402 | |
0.40 | Single-Family Home | $1,530,000 | 05/12/26 | 5 | 3 | 2,370 | |
0.07 | Single-Family Home | $1,280,000 | 08/07/25 | 3 | 3 | 1,513 | |
0.29 | Single-Family Home | $1,470,000 | 06/23/26 | 4 | 3 | 2,272 | |
0.07 | Single-Family Home | $1,150,000 | 08/18/25 | 4 | 2 | 1,680 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 367 N Waverly St.
What Locals Say about Orange
At least 912 Trulia users voted on each feature.
90 % Say it's dog friendly
89 % Say there are sidewalks
82 % Say car is needed
78 % Say there's holiday spirit
70 % Say streets are well-lit
69 % Say yards are well-kept
69 % Say people would walk alone at night
67 % Say it's walkable to restaurants
62 % Say parking is easy
60 % Say it's walkable to grocery stores
58 % Say it's quiet
57 % Say kids play outside
56 % Say they plan to stay for at least 5 years
53 % Say neighbors are friendly
48 % Say there's wildlife
32 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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Apartments for Rent
Homes for sale near 367 N Waverly St
Off Market Homes Near 367 N Waverly St

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-25 11:40:55 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-25 11:40:55 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information