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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
    : 
    Mixed Use
    Built in 1984
    -- sqft lot
    $-- Zestimate®
    $372/sqft
    $-- HOA

    What's special

    Modern finishesGated tandem parkingPrivate outdoor space
    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.
    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#: NP25130863MLS LogoOriginating 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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