1515 N Dresser Street, Santa Ana

$3,895,000

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24

Beds

23

Baths

0.26

Acres

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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Features of 1515 N Dresser Street

MLS® # NP25130863
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
Area 70 - Santa Ana North of First
Subdivision Water Tower
City Santa Ana
County Orange
Zip Code 92701

Amenities

Parking Spaces 19
Parking Underground
# of Garages 19
Garages Underground
View Mountain(s), Neighborhood, Landmark
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description SixteenToTwentyUnitsAcre

Additional Information

Date Listed June 5th, 2025
Days on Market 128
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentChris Moreno
OfficeSurterre Properties Inc.

Listing Map

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