About 1515 N Dresser Street
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.
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Get your home evaluationFeatures of 1515 N Dresser Street
MLS® # | NP25130863 |
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Price | $3,895,000 |
Bedrooms | 24 |
Bathrooms | 23.00 |
Acres | 0.26 |
Year Built | 1984 |
Type | Residential Income |
Sub-Type | Mixed Use |
Status | Active |
Community Information
Address | 1515 N Dresser Street |
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Area | 70 - Santa Ana North of First |
Subdivision | Water Tower |
City | Santa Ana |
County | Orange |
Zip Code | 92701 |
Amenities
Parking Spaces | 19 |
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Parking | Underground |
# of Garages | 19 |
Garages | Underground |
View | Mountain(s), Neighborhood, Landmark |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Has Basement | No |
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Fireplace | No |
# of Stories | 2 |
Stories | Two |
Exterior
Lot Description | SixteenToTwentyUnitsAcre |
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Additional Information
Date Listed | June 5th, 2025 |
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Days on Market | 128 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Chris Moreno |
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Office | Surterre Properties Inc. |