140 W Orangethorpe Avenue, Placentia, CA 92870
140 W Orangethorpe Avenue, Placentia, CA 92870
140 W Orangethorpe Avenue, Placentia, CA 92870
23
See all 23 photos
$29,500,000
Est. payment /mo
Save
5 Beds
3 Baths
5.17 Acres Lot
New

140 W Orangethorpe Avenue Placentia, CA 92870

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Patty Doyle

Patty Doyle

+1(619) 886-0321

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26219542

Bedrooms 5

Lot Size 5.170 Acres

Property Sub-Type Res Income 2-4 Units

Property 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.

Location

State CA

County Orange

Zoning Assessor

Direction Cross Streets of East Orangethorpe Avenue & North Blue Gum Street

Interior

Fireplace No

Exterior

Pool Community/Common

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 34418102

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

MLS Router / San Diego MLS
Listed by Michael Cavner, DRE#01274709 Marcus & Millichap RE Invest 
Co-listed byTyler Leeson • Marcus & Millichap RE Invest

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Patty Doyle

Patty Doyle

Agent License ID: 01507441

+1(619) 886-0321

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Patty Doyle, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

140 W Orangethorpe Avenue

QUICK SEARCH
There are 24 quick searches