Triplex with Independent Rear
For Sale
$1,589,000
603 S Orange, Santa Ana, CA 92701
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$494.71
Days on Market195
Property Features for 603 S Orange
General Information
Standard status
Active
Size
3,212 SF
Total Parking Spaces
4
Lot size
0.21 Acres
Property subtype
Triplex
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Building Size
3,212 SF
Year Built
1953
Tenancy
Multi
Listing Agency:
First Team Real Estate
Listed By:
Justin Miller · License #01292458
(949) 759-5747
Source:
Altamirarealty
Added: Apr 3
Changed: Oct 13
Last Checked: Oct 13 at 12:26AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,570
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,400
$1.4M
Cap Rate 7%
$993,857
$993.9K
Cap Rate 9%
$773,000
$773.0K
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$104.1K $32.40/SF
− Vacancy
−$4.7K −$1.46/SF
EGI
$99.4K $30.94/SF
− OpEx
−$29.8K −$9.28/SF
NOI
$69.6K $21.66/SF
Area
ZIP 92701
Vacancy
4.50%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,400
Cap Rate 7%
$993,857
Cap Rate 9%
$773,000
Alternative Uses
Best Use
Multifamily LT 5
$993.9K
$869.6K – $1.16M
NOI $69,570 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$912.0K
$798.0K – $1.06M
NOI $63,839 @ 7.0% cap · market cap 4.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,643
Businesses Nearby
Explore this area
Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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 $1,589,000.
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.
