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Listed by: Michael Cavner (949) 456-0375 DRE #01274709, Tyler Leeson DRE #01451551 | Marcus & Millichap RE Invest (949) 419-3200
$29,500,000
Monthly Est:$146,832
5 Beds
3 Baths
60,354sqft
140 W Orangethorpe Ave, Placentia, CA 92870
$29,500,000
$146,832/moEst:
Get Pre-Approved
Apartment
Built in 1962
$-- HOA
5.17 acres lot
$489/sq.ft
Description
Rare 80 unit, single story multifamily community on 5.17 contiguous acres in Placentia. The property is 96.25% occupied and offers a 5.80% current underwritten cap rate. Unit mix consists of 79 two bedroom, one bath residences and one one bedroom, one bath plus office. Every unit includes a private enclosed patio, with two parking spaces per residence, including one covered space. Community amenities include a swimming pool, playground, on site laundry, and guest parking. Approximately $834,426 has been invested in capital improvements and major repairs since 2023, including replacement of all property electrical panels, interior renovations, plumbing work, appliance and HVAC replacements, and site improvements. The offering provides a straightforward mark to market opportunity through natural turnover, potential conversion of existing rooms and structures into approximately 2 to 4 ADUs, and long term redevelopment optionality under R 3 zoning. Immediate access to SR 57 and SR 91, near Cal State Fullerton, schools, employment centers, shopping, and the Platinum Triangle. Buyer to independently verify all property, financial, ADU, zoning, and redevelopment information.
- Houzeo last checked: 1 minute ago
- Listing updated: October 8, 2026 at 11:10 pm
- Source: California Regional MLS-CA | MLS#: OC26219542
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1962
HOA Fees
-
Finished Area
60,354 sqft
Lot Size
5.17 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26219542
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Interior
Sewer
Public Sewer
Utilities & Energy
Pool Features
Community
Water Source
Public
Laundry Features
Common Area
Other Features
Community Features
Curbs, Gutters, Street Lights, Sidewalks, Pool
Subdivision Name
Other
Lot Features
Street Level
Price History
| Date | Event | Price |
|---|---|---|
10/08/2026 Source: | Listed for Sale | $29,500,000 $489/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 11:15AM 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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