Properties

Santa Ana, CA 92701 500 E 15th

500 E 15th Santa Ana, CA - Image 1500 E 15th Santa Ana, CA - Image 2500 E 15th Santa Ana, CA - Image 3
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500 E 15th Santa Ana, CA - Image 4500 E 15th Santa Ana, CA - Image 5500 E 15th Santa Ana, CA - Image 6500 E 15th Santa Ana, CA - Image 7
Presented By: Tyler Rogina with Compass; 562-999-1885
  • MLS# PW25256599
  • 11/06/2025
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  • Full/Half Baths • 1 / 1
  • SQFT • 1,826
  • Garage • 2

Home Details

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 Countyโ€™s most centrally located rental markets.
Presented By: Tyler Rogina with Compass; 562-999-1885

Interior Features for 500 E 15th

Other Interior Features

Common WallsItem1CommonWall
Laundry FeaturesInside
Total Stories1

Other Rooms

Entry Level1

General for 500 E 15th

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Spaces2
Carport Y/NYes
CitySanta Ana
Community FeaturesSidewalks
CountyOrange
DirectionsOff of Main St down almost to the end of 15th
Entry Location1
Expected Active Date 2025-11-11
Garage Spaces2
Garage Y/NYes
Gross Income79200
Insurance Expense1651
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Conventional, Item1031Exchange, FHA, VA Loan
Lot Size Square Feet7405
Lot Size UnitsSquare Feet
MLS Area69 - Santa Ana South of First
Net Operating Income60993
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces4
Operating Expense18207
Pool FeaturesNone
PostalCitySANTA ANA
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot9
Trash Expense4680
Year Built1948
Year Built SourcePublic Records

Exterior for 500 E 15th

Building Area Total1826
Lot FeaturesPaved
Lot Size Acres0.17
Lot Size Area7405
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Parking FeaturesCarport, Driveway, Garage
Private PoolNo
Total Parking8
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,250,000
MLS#PW25256599
List Date 11/06/2025
Property Type Multi-Family
Phone 888.795.6274
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