Walking distance to Chapman University! Great cash flow with happy renters. Property currently producing $7,400 per month! Plus, because of such high demand rents increase annually 8-10%. A total of 5 bedrooms and 3.5 baths and 1711 sf. when you count the brand-new studio ADU! Main house is a 4 bedroom, 2.5 bath (1331 sf.). It is perfect for upscale student housing or families that want to take advantage of the cottage like studio ADU (380 sf.) in the back. No expense was spared when this property was rebuilt from the ground up! You will immediately feel a sense of peace and serenity when you step onto this property. New construction in 2021, taken down to the studs! New framing, new roofing, new insulation, new drywall. New electrical with 200-amp electrical panel for main house. New PEX plumbing. New windows. New doors. New semi-custom Shaker white kitchen and bathrooms cabinets. New bathrooms: House has 1 bathroom with tub/shower combo, 1 bathroom with shower, and a half bath. Washer and dryer, refrigerator, stove/oven, microwave/hood. Kitchen has marble countertops. All countertops on the whole property are quartz. New HVAC. New tankless water heater. New LVP flooring. Fresh paint. New concrete driveway. New sprinklers. And a big backyard with 2 sheds!