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:
$3,895,000
MLS #:
NP25130863
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
70
Listed Date:
Jun 13, 2025
Total Sq Ft:
11,832
Lot Size:
11,539 sqft / 0.26 acres (approx)
Year Built:
1984
See this Listing
Schools
Interior
Laundry Features
CM
Exterior
Community Features
SDW
Parking Spots
19
Security Features
AG
Financial
Maintenance Fee
$25,000
Tax Year
2025
Taxes
$44,000
Map
Community
- Address1515 N Dresser ST Lot 1 Santa Ana CA
- SubdivisionOther (OTHR)
- CitySanta Ana
- CountyOrange
- Zip Code92701
Subdivisions in Santa Ana
- Bishop Manor BSMR
- Bishop Villas BSVL
- Cabrillo Park CBPK
- Cambridge Green CMGR
- Chestnut Square CHSQ
- Civic Center Plaza CVCP
- CUST
- Essex Skyline SKYL
- Garden Villas GRVL
- Heritage Park Place HRPK
- Lake Park I LKP1
- Lakeshore Adult Condos LSAC
- Los Quatros Condos LSQC
- MacArthur Village MAVL
- North Tustin Custom NTC
- Park 47 PK47
- Park Bristol PKBR
- Regency Villas RGVL
- Shadow Wood SHWD
- South Coast Springs SCSP
- South Coast Terrace SCTR
- South Coast Villas SCVL
- St. Albans STAL
- Sunflower Creek SFCK
- Sunwood I SUN1
- The Redwoods REDW
- Town Square TNSQ
- Windwood Forest WWFS
- Woodlake WDLK
- Woodside Village WDSD
Market Summary
Current real estate data for Single Family in Santa Ana as of Dec 01, 2025
174
Single Family Listed
65
Avg DOM
411
Avg $ / SqFt
$898,763
Avg List Price
Property Summary
- Located in the Other (OTHR) subdivision, 1515 N Dresser ST Lot 1 Santa Ana CA is a Single Family for sale in Santa Ana, CA, 92701. It is listed for $3,895,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1984. The average price per square foot for Single Family listings in Santa Ana is $411. The average listing price for Single Family in Santa Ana is $898,763.
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1515 N Dresser ST Lot 1
Santa Ana, CA

