Triplex with Independent Rear
603 S Orange Santa Ana, CA 92701
603 S Orange, Santa Ana, CA, 92701
$1,699,000
For Sale
$1,699,000
Triplex for sale with a 5-bedroom front house and two separate 1-bedroom rear units, each with its own meters.
Property Size3,212 SF
Lot Size0.21 Acres
Price / SF$528.95
Days on Market109
Property Features for 603 S Orange
General Information
- Standard status
- Active
- Size
- 3,212 SF
- Lot size
- 0.21 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1953
Listing agency
First Team Real Estate
(949) 759-5747
Listed by
Justin Miller · License #01292458
Source
Elliman
Added: Apr 4 Updated: Jul 20 at 5:47PM Checked: Jul 21 at 5:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Team Real Estate
Investment Insights
Based on property information with market context.
This Santa Ana triplex combines a 5-bedroom front house with two separate 1-bedroom rear units, creating a versatile residential income layout. The rear units are fully independent, each with separate meters and private side entrances, and there is no shared backyard space between them. Interior finishes include wood and tile flooring, along with interior wood stairs. Exterior improvements include updated windows, newer fencing, and extensive exterior wood repairs, including improved stair access and landings for the rear units.
The property sits on a large lot and includes a decorative cement and wrought-iron fence, a low-maintenance backyard, and a large front yard with lush grass. It is located on a corner with ample parking. Under the rear units, there are four single-car garages. There is also a separate driveway with direct access suitable for RV or boat parking.
Overall, the configuration offers separate living areas supported by independent metering and convenient alley access, with upgrades and exterior work intended to reduce near-term maintenance.
The property sits on a large lot and includes a decorative cement and wrought-iron fence, a low-maintenance backyard, and a large front yard with lush grass. It is located on a corner with ample parking. Under the rear units, there are four single-car garages. There is also a separate driveway with direct access suitable for RV or boat parking.
Overall, the configuration offers separate living areas supported by independent metering and convenient alley access, with upgrades and exterior work intended to reduce near-term maintenance.
Key Highlights
- Triplex in Santa Ana with a 5‑bedroom front house (2,042 sq. ft.) plus two separate 1‑bedroom rear units (585 sq. ft. each).
- Two rear units are fully independent with private side entrances and no shared backyard space for tenant privacy.
- Separate meters for the main house and each rear unit, with convenient alley access.
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 | $104.1k | $32.40 |
| − Vacancy | −$4.7k | −$1.46 |
| EGI | $99.4k | $30.94 |
| − OpEx | −$29.8k | −$9.28 |
| NOI | $69.6k | $21.66 |
3,212 SF · lease $32.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$993.9K
$869.6K – $1.16M
NOI $69,570 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$912.0K
$798.0K – $1.06M
NOI $63,839 @ 7.0% cap · market cap 3.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex for sale with a 5-bedroom front house and two separate 1-bedroom rear units, each with its own meters.
Where is this triplex located?
The property is located at 603 S Orange Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Triplex in Santa Ana with a 5‑bedroom front house (2,042 sq. ft.) plus two separate 1‑bedroom rear units (585 sq. ft. each).; Two rear units are fully independent with private side entrances and no shared backyard space for tenant privacy.; Separate meters for the main house and each rear unit, with convenient alley access.
