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.
AGENT: Tyler Rogina LISTING BROKERAGE: CompassThe 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.
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 500 E 15th
Santa Ana, CA
Property Details
Price:
$1,250,000
MLS #:
PW25256599
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Neighborhood:
69santaanasouthoffirst
Listed Date:
Nov 11, 2025
Total Sq Ft:
1,826
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1948
See this Listing
Schools
Interior
Laundry Features
IN
Levels
A
Exterior
Common Walls
_1CW
Community Features
SDW
Garage Spaces
2
Parking Spots
8
Parking Total
8
Financial
Map
Community
- Address500 E 15th Santa Ana CA
- CitySanta Ana
- CountyOrange
- Zip Code92701
