500 E 15th Santa Ana, CA 92701
Well-maintained triplex with approved ADU plans in Santa Ana.
Property Features for 500 E 15th
General Information
- Standard status
- Active
- Size
- 1,826 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Listing office Compass (562) 999-1885
Listing date Nov 6, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Key Highlights
- Approved ADU plans for a 515 SF 1‑bedroom, 1‑bath garage conversion, offering immediate potential for increased rental income.
- Strong current income from three existing units, providing immediate cash flow.
- Prime location in the heart of Santa Ana, near Downtown, schools, and major freeways, ensuring consistent tenant demand.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.2k | $32.40 |
| − Vacancy | −$2.7k | −$1.46 |
| EGI | $56.5k | $30.94 |
| − OpEx | −$17.0k | −$9.28 |
| NOI | $39.6k | $21.66 |
