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Listed by Tyler J. Rogina • Compass
$ 1,250,000
Est. payment /mo
Price Dropped by $49K
500 East 15th Santa Ana, CA 92701
1,826 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,826 sqft
Price per Sqft $684
MLS Listing ID PW-25256599
Year Built 1948
Lot Size 7,405 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Introducing 500 E 15th St, a well-maintained triplex in the heart of Santa Ana offering strong current income and excellent upside potential. Situated on a 7,405 SF R3 lot, this 1,826 SF multifamily property features three spacious one-bedroom units and approved ADU plans ready to build. A perfect opportunity for investors seeking both stability and future growth.
The current unit mix includes one (1) 1-bedroom, 1.5-bath unit (approx. 826 SF) and two (2) 1-bedroom, 1-bath units (approx. 500 SF each). Each residence offers functional layouts with natural light and private access. The property benefits from its prime location near Downtown Santa Ana, schools, and major freeways, offering consistent tenant demand and strong rental fundamentals.
With ADU plans approved by the City of Santa Ana for a 515 SF 1-bedroom, 1-bath garage conversion, investors can immediately unlock additional rental income potential. The R3 zoning allows for future development flexibility, while the existing structure provides reliable cash flow today.
Located within the Santa Ana Unified School District, this property is ideal for both value-add investors and 1031 exchange buyers looking to grow their Orange County portfolio.
This is a rare opportunity to acquire a turnkey triplex with city-approved ADU expansion potential in one of Orange County's most centrally located rental markets.
The current unit mix includes one (1) 1-bedroom, 1.5-bath unit (approx. 826 SF) and two (2) 1-bedroom, 1-bath units (approx. 500 SF each). Each residence offers functional layouts with natural light and private access. The property benefits from its prime location near Downtown Santa Ana, schools, and major freeways, offering consistent tenant demand and strong rental fundamentals.
With ADU plans approved by the City of Santa Ana for a 515 SF 1-bedroom, 1-bath garage conversion, investors can immediately unlock additional rental income potential. The R3 zoning allows for future development flexibility, while the existing structure provides reliable cash flow today.
Located within the Santa Ana Unified School District, this property is ideal for both value-add investors and 1031 exchange buyers looking to grow their Orange County portfolio.
This is a rare opportunity to acquire a turnkey triplex with city-approved ADU expansion potential in one of Orange County's most centrally located rental markets.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Laundry Inside
Exterior
Parking Features Garage, Carport, Driveway
Garage Spaces 2.0
Pool None
Community Features Sidewalks
Building
Lot Description Paved
Sewer Public Sewer