Listed by Jacob Neal, BHHS Drysdale Properties, (925) 244-1933 . Bought with BHHS Drysdale Properties
526 N Emerald Dr
Orange, CA 92868
- 4 Beds
- 2 Baths
- 1,527 sqft
$1,061,000
Last Sold: Nov 21, 2025
3% below list $1.09M
$695/sqft
Est. Refi. Payment $6,444/mo*
$1,061,000
Last Sold: Nov 21, 2025
3% below list $1.09M
$695/sqft
Est. Refi. Payment $6,444/mo*
4 Beds
2 Baths
1,527 sqft
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1956
Living Area
1,527 sqft
Price/Sqft
$695/sqft
Parking
2 Car Garage
HOA
None
About this House
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.
526 N Emerald Dr, Orange, CA 92868 is a 4 bedroom, 2 bathroom, 1,527 sqft single-family home built in 1956. It last sold for $1,061,000 on Nov 21, 2025 (3% below the $1,095,000 asking price). More recently, it was listed as a rental in July 2026 with an asking price of $5,000 per month. That rental listing was removed on August 5, 2026. It is currently off market. The Trulia Estimate is $1,443,400, with a rent estimate of $5,112/month.
Home Details for 526 N Emerald Dr
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Interior Details Number of Rooms: 1Types of Rooms: Bedroom |
Beds & Baths Number of Bedrooms: 4Main Level Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 2 |
Dimensions and Layout Living Area: 1527 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Free-Standing Range, RefrigeratorDishwasherLaundry: OutsideRefrigerator |
Heating & Cooling Has CoolingAir Conditioning: Central Air |
Fireplace & Spa Fireplace: Living RoomHas a Fireplace |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneEntry Location: 1 |
View Has a View |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: Garage |
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: 24 |
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Year Built Year Built: 1956 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: House |
Building Not a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 03929211 |
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Price List Price: $1,095,000Price Per Sqft: $695/sqft |
Status Change & Dates Off Market Date: Fri Oct 24 2025 |
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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: SidewalksNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 6344 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: OC25229053Living Area Range Units: Square FeetAttribution Contact: 209-642-2292Common Interest: NoneUniversal Property Id: US-06059-N-03929211-R-N |
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Sidewalks |
Last check for updates: about 6 hours ago
Listed by Jacob Neal DRE #02097852, (209) 642-2292
BHHS Drysdale Properties
Bought with: Jacob Neal DRE #02097852, BHHS Drysdale Properties
Originating MLS: California Regional MLS
Source: CRMLS, MLS#OC25229053

Price History for 526 N Emerald Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 08/05/2026 | $4,750 | ListingRemoved | CLAW #26848893 |
| 07/22/2026 | $4,750 | PriceChange | CLAW #26848893 |
| 07/17/2026 | $5,000 | Listed For Rent | CLAW #26848893 |
| 07/16/2026 | $5,000 | ListingRemoved | Zillow Rentals |
| 06/16/2026 | $5,000 | Listed For Rent | Zillow Rentals |
| 06/09/2026 | $5,350 | ListingRemoved | CRMLS #OC26092278 |
| 04/18/2026 | $5,350 | Listed For Rent | Zillow Rentals |
| 04/18/2026 | $6,000 | ListingRemoved | Zillow Rentals |
| 03/14/2026 | $6,000 | Listed For Rent | Zillow Rentals |
| 03/11/2026 | $5,800 | ListingRemoved | Zillow Rentals |
| 02/25/2026 | $5,800 | PriceChange | Zillow Rentals |
| 01/24/2026 | $6,100 | Listed For Rent | Zillow Rentals |
| 11/21/2025 | $1,061,000 | Sold | CRMLS #OC25229053 |
| 10/24/2025 | $1,095,000 | Pending | CRMLS #OC25229053 |
| 09/11/2025 | $1,095,000 | Listed For Sale | CRMLS #OC25195596 |
| 03/20/2023 | ListingRemoved | Zillow Rentals | |
| 02/28/2023 | $4,800 | Listed For Rent | Zillow Rentals |
| 03/08/2021 | ListingRemoved | Zillow Rental Manager | |
| 03/01/2021 | $4,350 | Listed For Rent | Zillow Rental Manager |
| 04/16/2019 | $4,250 | ListingRemoved | N/A |
| 02/02/2019 | $4,250 | Listed For Rent | N/A |
| 02/25/2017 | $4,250 | ListingRemoved | N/A |
| 01/26/2017 | $4,250 | Listed For Rent | N/A |
| 03/05/2016 | $4,250 | ListingRemoved | N/A |
| 02/03/2016 | $4,250 | Listed For Rent | N/A |
| 06/30/2014 | $455,000 | Sold | N/A |
| 02/05/1996 | $158,000 | Sold | N/A |
| 07/05/1995 | $64,500 | Sold | N/A |
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 | $6,312 |
| Assessment | $557,762 |
Home facts updated by county records
Comparable Sales for 526 N Emerald Dr
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.17 | Single-Family Home | $1,025,000 | 12/24/25 | 4 | 2 | 1,569 | |
0.12 | Single-Family Home | $1,220,000 | 09/30/25 | 5 | 2 | 1,763 | |
0.17 | Single-Family Home | $850,000 | 10/01/25 | 3 | 2 | 1,146 | |
0.33 | Single-Family Home | $1,030,000 | 11/21/25 | 5 | 2 | 1,699 | |
0.50 | Single-Family Home | $1,100,000 | 01/16/26 | 4 | 1.5 | 1,659 | |
0.21 | Single-Family Home | $924,900 | 08/12/25 | 2 | 2 | 1,045 | |
0.45 | Single-Family Home | $995,000 | 11/13/25 | 3 | 2 | 1,336 | |
0.40 | Single-Family Home | $1,050,000 | 08/29/25 | 4 | 3 | 1,634 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 526 N Emerald Dr.
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.
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Apartments for Rent
Homes for sale near 526 N Emerald Dr
Off Market Homes Near 526 N Emerald Dr

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 2026-08-07 00:14:53 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 2026-08-07 00:14:53 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