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.
Property Details
Price:
$4,400,000
MLS #:
NP25130863
Status:
Active
Baths:
0
Address:
1515 N Dresser Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
70santaananorthoffirst
City:
Santa Ana
Listed Date:
Jun 5, 2025
State:
CA
ZIP:
92701
Lot Size:
131,987 sqft / 3.03 acres (approx)
Year Built:
1984
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Sidewalks
Fencing
Wrought Iron
Garage Spaces
19.00
Lot Features
16-20 Units/ Acre
Parking Features
Subterranean
Parking Spots
19.00
Pool Features
None
Security Features
Automatic Gate
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Landmark, Mountain(s), Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Taxes
$44,000
Tenant Pays
Parking Fee
Map
Community
- Address1515 N Dresser Street Santa Ana CA
- Area70 – Santa Ana North of First
- CitySanta Ana
- CountyOrange
- Zip Code92701
Similar Listings Nearby
- 12361 El Rey Place
Garden Grove, CA$5,298,000
3.32 miles away
- 317 S Flower Street
Santa Ana, CA$4,975,000
1.32 miles away
- 1426 Minnie Street
Santa Ana, CA$4,720,000
2.02 miles away
- 935 W Bishop Street
Santa Ana, CA$4,550,000
1.53 miles away
- 510 S Flower Street
Santa Ana, CA$4,500,000
1.48 miles away
- 1010 N Bewley Street
Santa Ana, CA$4,499,000
3.21 miles away
- 1416 N Spurgeon Street
Santa Ana, CA$4,300,000
0.18 miles away
- 709 E Chestnut Avenue
Santa Ana, CA$3,550,000
1.09 miles away
- 200 E Wakefield Avenue
Anaheim, CA$3,495,000
3.68 miles away

1515 N Dresser Street
Santa Ana, CA
LIGHTBOX-IMAGES