Prime multifamily investment opportunity in the heart of Downtown Santa Ana’s French Court neighborhood. A well-maintained 19-unit property consisting of a mix of one- and two-bedroom residences. Each unit offers private outdoor space, gated tandem parking, and access to onsite laundry. Select units have been updated with modern finishes, offering immediate appeal to renters and potential for increased income. Located in a highly walkable area, the property is within close proximity to local schools, shopping, dining, and entertainment. Easy access to the 5, 55, and 22 freeways connects residents to all of Orange County. With current rents below market, there is long-term upside for the next owner through strategic management and continued unit upgrades. This is a rare opportunity to acquire a stabilized asset in one of Orange County’s most dynamic rental markets.
For sale
Listing Provided by:
Chris Moreno DRE #01503663 949-280-6357,
Surterre Properties Inc.,
Lisa Doan-Minh DRE #01972835,
Surterre Properties Inc.
$4,400,000
1515 N Dresser St, Santa Ana, CA 92701
456beds
437baths
11,832sqft
Est.:
Mixed Use
Built in 1984
-- sqft lot
$-- Zestimate®
$372/sqft
$-- HOA
What's special
Modern finishesGated tandem parkingPrivate outdoor space
- 56 days
- on Zillow |
- 209 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: June 21, 2025 at 01:37pm
Listing Provided by:
Chris Moreno DRE #01503663 949-280-6357,
Surterre Properties Inc.,
Lisa Doan-Minh DRE #01972835,
Surterre Properties Inc.
Source: CRMLS,MLS#: NP25130863
Originating MLS: California Regional MLS

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 456
- Bathrooms: 437
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 11,832
- Total interior livable area: 11,832 sqft
Property
Parking
- Total spaces: 19
- Parking features: Underground
- Garage spaces: 19
Features
- Levels: Two
- Stories: 2
- Entry location: 2
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron
- Has view: Yes
- View description: Landmark, Mountain(s), Neighborhood
Lot
- Size: 0.26 Acres
- Features: 16-20 Units/Acre
Details
- Parcel number: 39814218
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Security: Security Gate
- Subdivision: Water Tower
Location
- Region: Santa Ana
Financial & listing details
- Price per square foot: $372/sqft
- Annual tax amount: $44,000
- Date on market: 6/13/2025
- Listing terms: Cash,Cash to New Loan
- Total actual rent: 31655
- Tenant pays: Parking Fee
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