140 W Orangethorpe Avenue, Placentia, CA 92870

Placentia
Local realty services provided by:ERA North Orange County Real Estate
140 W Orangethorpe Avenue,Placentia, CA 92870
$29,500,000
  • 5 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: michael cavner, tyler leeson
Office: marcus & millichap re invest
MLS#:OC26219542
Source:San Diego MLS via CRMLS

Price summary

  • Price:$29,500,000

About this home

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,...

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Home facts

  • Listing ID #:OC26219542
  • Added:1 day(s) ago
  • Updated:October 09, 2026 at 03:32 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3

Structure and exterior

  • Levels:1 Story

Finances and disclosures

  • Price:$29,500,000

Features and amenities

  • Pool features:Community/Common
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