500 E 15th St
Description
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)....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.
Property Details for 500 East 15th Street
Property Details for 500 East 15th Street
| Status | Active |
|---|---|
| MLS # | PW25256599 |
| Days on Market | 40 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1948 |
| Lot Size | 0.17 AC / 7,405 SF |
| County | Orange County |
Location
Building Information for 500 East 15th Street
Payment Calculator
$7,185 per month
30 year fixed, 6.28% Interest
$6,177
$1,008
$0
Property Information for 500 East 15th Street
- Gross Income: $79,200
- Gross Scheduled Income: $79,200
- Net Operating Income: $60,993
- Operating Expense: $18,207
- Insurance Expense: $1,651
- Trash Expense: $4,680
- Total Expenses: $18,207
- Tax Block: C
- Tax Tract Number: 276
- CFD/Mello-Roos Fee: $803
- Tax Lot: 9
- Community Features: Sidewalks
- Laundry: Yes
- Laundry Features: Inside
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Lot Features: Paved
- Number Of Units: 3
- Land Lease: No
- Land Lease Type: Fee
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 2
- Parking: Yes
- Parking Garage: Carport, Driveway, Garage
- Uncovered Spaces: 4
- Open Other Spaces Total: 4
- Parking Garage Spaces: 2
- Carport Spaces: 2
- Parking Features: Carport, Driveway, Garage
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 2
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,600
- Unit Type Total Rent: $2,600
- Unit Type Pro Forma: 2650
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2200
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2200
- Unit Type Type: 3
- Number Of Units Leased: 3
- Rent Controlled: Yes
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 3
- Number Of Separate Water Meters: 3
Property History for 500 East 15th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 11, 2025 | Price Change CLAW #PW25256599MR | $1,250,000 | — |
| Dec 11, 2025 | Price Change CRMLS #PW25256599 | $1,250,000 | — |
| Nov 11, 2025 | Listed (Active) CLAW #PW25256599MR | $1,299,900 | — |
| Nov 11, 2025 | Listed (Active) CRMLS #PW25256599 | $1,299,900 | — |
| Nov 6, 2025 | Listed (Active) SDMLS #PW25256599 | $1,299,900 | — |
| Mar 12, 2021 | Sold CLAW #OC20262380MR | $930,000 | — |
| Mar 12, 2021 | Sold CRMLS #OC20262380 | $930,000 | — |
| Mar 12, 2021 | Sold SDMLS #OC20262380 | $930,000 | — |
| Feb 23, 2021 | Sold (Public Record) Public Record #693053989 | $930,000 | — |
| Feb 23, 2021 | Sold (Public Record) Public Record #1453698054 | $930,000 | +10.2% / yr |
| Feb 15, 2021 | Accepting Backup Offers SDMLS #OC20262380 | — | |
| Feb 9, 2021 | Pending CRMLS #OC20262380 | — | |
| Feb 9, 2021 | Pending CLAW #OC20262380MR | — | |
| Feb 9, 2021 | Pending SDMLS #OC20262380 | — | |
| Feb 9, 2021 | Accepting Backup Offers CLAW #OC20262380MR | — | |
| Feb 5, 2021 | Price Change SDMLS #OC20262380 | $999,988 | — |
| Feb 5, 2021 | Price Change CLAW #OC20262380MR | $999,988 | — |
| Feb 5, 2021 | Price Change CRMLS #OC20262380 | $999,988 | — |
| Jan 20, 2021 | Price Change SDMLS #OC20262380 | $1,099,000 | — |
| Jan 19, 2021 | Price Change CLAW #OC20262380MR | $1,099,000 | — |
| Jan 19, 2021 | Price Change CRMLS #OC20262380 | $1,099,000 | — |
| Dec 24, 2020 | Listed (Active) SDMLS #OC20262380 | $125,000 | — |
| Dec 24, 2020 | Price Change CLAW #OC20262380MR | $1,125,000 | — |
| Dec 24, 2020 | Price Change CRMLS #OC20262380 | $1,125,000 | — |
| Dec 24, 2020 | Price Change CRMLS #OC20262380 | $1,250,000 | — |
| Dec 24, 2020 | Listed (Active) CRMLS #OC20262380 | $125,000 | — |
| Dec 24, 2020 | Listed (Active) CLAW #OC20262380MR | $125,000 | — |
| Nov 9, 2017 | Sold (Public Record) Public Record #622588866 | $675,000 | +15.8% / yr |
| Jul 30, 2017 | Withdrawn / Cancelled CLAW #OC17031277MR | — | |
| Jul 30, 2017 | Withdrawn / Cancelled CRMLS #OC17031277 | $678,000 | — |
| Jul 30, 2017 | Withdrawn / Cancelled SDMLS #OC17031277 | — | |
| Apr 22, 2017 | Price Change CRMLS #OC17031277 | $680,000 | — |
| Feb 14, 2017 | Listed (Active) SDMLS #OC17031277 | $690,000 | — |
| Feb 14, 2017 | Listed (Active) CLAW #OC17031277MR | $690,000 | — |
| Feb 14, 2017 | Listed (Active) CRMLS #OC17031277 | $690,000 | — |
| May 16, 2011 | Sold (Public Record) Public Record #310055654 | $260,000 | — |
| May 26, 2010 | Expired CRMLS #P604604 | $549,000 | — |
| May 26, 2010 | Expired CLAW #P604604MR | — | |
| Mar 5, 2009 | Expired CRMLS #P581299 | $549,000 | — |
| Mar 5, 2009 | Expired CLAW #P581299MR | — | |
| Oct 10, 2007 | Listed (Active) CLAW #P604604MR | $549,000 | — |
| Oct 10, 2007 | Listed (Active) CRMLS #P604604 | $549,000 | — |
| Jun 4, 2007 | Listed (Active) CLAW #P581299MR | $549,000 | — |
| Jun 4, 2007 | Listed (Active) CRMLS #P581299 | $549,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/11/2025 | Price Change CLAW #PW25256599MR | $1,250,000 |
| 12/11/2025 | Price Change CRMLS #PW25256599 | $1,250,000 |
| 11/11/2025 | Listed (Active) CLAW #PW25256599MR | $1,299,900 |
| 11/11/2025 | Listed (Active) CRMLS #PW25256599 | $1,299,900 |
| 11/06/2025 | Listed (Active) SDMLS #PW25256599 | $1,299,900 |
| 03/12/2021 | Sold CLAW #OC20262380MR | $930,000 |
| 03/12/2021 | Sold CRMLS #OC20262380 | $930,000 |
| 03/12/2021 | Sold SDMLS #OC20262380 | $930,000 |
| 02/23/2021 | Sold (Public Record) Public Record #693053989 | $930,000 |
| 02/23/2021 | Sold (Public Record) Public Record #1453698054 | $930,000 +10.2% / yr |
| 02/15/2021 | Accepting Backup Offers SDMLS #OC20262380 | — |
| 02/09/2021 | Pending CRMLS #OC20262380 | — |
| 02/09/2021 | Pending CLAW #OC20262380MR | — |
| 02/09/2021 | Pending SDMLS #OC20262380 | — |
| 02/09/2021 | Accepting Backup Offers CLAW #OC20262380MR | — |
| 02/05/2021 | Price Change SDMLS #OC20262380 | $999,988 |
| 02/05/2021 | Price Change CLAW #OC20262380MR | $999,988 |
| 02/05/2021 | Price Change CRMLS #OC20262380 | $999,988 |
| 01/20/2021 | Price Change SDMLS #OC20262380 | $1,099,000 |
| 01/19/2021 | Price Change CLAW #OC20262380MR | $1,099,000 |
| 01/19/2021 | Price Change CRMLS #OC20262380 | $1,099,000 |
| 12/24/2020 | Listed (Active) SDMLS #OC20262380 | $125,000 |
| 12/24/2020 | Price Change CLAW #OC20262380MR | $1,125,000 |
| 12/24/2020 | Price Change CRMLS #OC20262380 | $1,125,000 |
| 12/24/2020 | Price Change CRMLS #OC20262380 | $1,250,000 |
| 12/24/2020 | Listed (Active) CRMLS #OC20262380 | $125,000 |
| 12/24/2020 | Listed (Active) CLAW #OC20262380MR | $125,000 |
| 11/09/2017 | Sold (Public Record) Public Record #622588866 | $675,000 +15.8% / yr |
| 07/30/2017 | Withdrawn / Cancelled CLAW #OC17031277MR | — |
| 07/30/2017 | Withdrawn / Cancelled CRMLS #OC17031277 | $678,000 |
| 07/30/2017 | Withdrawn / Cancelled SDMLS #OC17031277 | — |
| 04/22/2017 | Price Change CRMLS #OC17031277 | $680,000 |
| 02/14/2017 | Listed (Active) SDMLS #OC17031277 | $690,000 |
| 02/14/2017 | Listed (Active) CLAW #OC17031277MR | $690,000 |
| 02/14/2017 | Listed (Active) CRMLS #OC17031277 | $690,000 |
| 05/16/2011 | Sold (Public Record) Public Record #310055654 | $260,000 |
| 05/26/2010 | Expired CRMLS #P604604 | $549,000 |
| 05/26/2010 | Expired CLAW #P604604MR | — |
| 03/05/2009 | Expired CRMLS #P581299 | $549,000 |
| 03/05/2009 | Expired CLAW #P581299MR | — |
| 10/10/2007 | Listed (Active) CLAW #P604604MR | $549,000 |
| 10/10/2007 | Listed (Active) CRMLS #P604604 | $549,000 |
| 06/04/2007 | Listed (Active) CLAW #P581299MR | $549,000 |
| 06/04/2007 | Listed (Active) CRMLS #P581299 | $549,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 500 East 15th Street
Schools near 500 East 15th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Wallace R. Davis Elementary School PublicK to 5 | ||
Sierra Preparatory Academy PublicK to 8 | ||
Santa Ana High School Public9 to 12 | ||
Orange County Educational Arts Academy CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Compass, Tyler Rogina, DRE #01925584; Compass, Konstantine Petrakis, DRE #02114922
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.