500 E 15th St Santa Ana, CA 92701
French Court NeighborhoodEstimated payment $7,512/month
Total Views
131,152
3
Beds
4
Baths
1,826
Sq Ft
$685
Price per Sq Ft
Highlights
- Popular Property
- 2 Car Garage
- 1-Story Property
- Laundry Room
- Paved or Partially Paved Lot
About This Home
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.
Listing Agent
Compass Brokerage Phone: 562-999-1885 License #01925584 Listed on: 11/11/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 7,405 Sq Ft Lot
- 1 Common Wall
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
- 4 Open Parking Spaces
- 2 Carport Spaces
- Parking Available
- Driveway
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 1,826 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 9 / C
- Tax Tract Number 276
- Assessor Parcel Number 39814216
- $803 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,651
- Trash Expense $4,680
- Operating Expense $18,207
- Gross Income $79,200
- Net Operating Income $60,993
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,786 | $1,006,661 | $811,824 | $194,837 |
| 2024 | $11,786 | $986,923 | $795,906 | $191,017 |
| 2023 | $11,496 | $967,572 | $780,300 | $187,272 |
| 2022 | $11,378 | $948,600 | $765,000 | $183,600 |
| 2021 | $9,326 | $791,342 | $630,707 | $160,635 |
| 2020 | $8,633 | $719,980 | $624,240 | $95,740 |
| 2019 | $8,265 | $688,500 | $612,000 | $76,500 |
| 2018 | $4,575 | $369,691 | $320,717 | $48,974 |
| 2017 | $4,536 | $362,443 | $314,429 | $48,014 |
| 2016 | $4,448 | $355,337 | $308,264 | $47,073 |
| 2015 | $4,391 | $350,000 | $303,634 | $46,366 |
| 2014 | $3,454 | $266,404 | $204,927 | $61,477 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/11/2025 12/11/25 | Price Changed | $1,250,000 | -3.8% | $685 / Sq Ft | |
| 11/11/2025 11/11/25 | For Sale | $1,299,900 | +39.8% | $712 / Sq Ft | |
| 03/12/2021 03/12/21 | Sold | $930,000 | -7.0% | $509 / Sq Ft | View Prior Sale |
| 02/05/2021 02/05/21 | Price Changed | $999,988 | -9.0% | $548 / Sq Ft | |
| 01/19/2021 01/19/21 | Price Changed | $1,099,000 | +779.2% | $602 / Sq Ft | |
| 12/24/2020 12/24/20 | For Sale | $125,000 | 0.0% | $68 / Sq Ft | |
| 08/23/2020 08/23/20 | Rented | $2,000 | 0.0% | -- | |
| 08/08/2020 08/08/20 | Under Contract | -- | -- | -- | |
| 07/31/2020 07/31/20 | Price Changed | $2,000 | -9.1% | $3 / Sq Ft | |
| 07/11/2020 07/11/20 | For Rent | $2,200 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
About the Listing Agent
Rogina Group is a top-performing real estate team based in Southern California, known for its strategic mindset, deep market knowledge, and refreshingly grounded approach to business. Led by broker and founder Tyler Rogina, the team brings together talented professionals who share a commitment to excellence, integrity, and long-term client relationships.
With over a decade of combined experience, Rogina Group has built a thriving practice focused on helping clients make smart real estate
Tyler's Other Listings
-
$463,000 Sold Oct 16, 2025
- 1 Bed
- 1 Bath
- 784 Sq Ft
- 8777 Coral Springs Ct
- Unit 7H
- Huntington Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25256599
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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