140 W Orangethorpe Avenue

Property Overview

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.

Home Details

Property type: Residential Income - Apartment
Year built: 1962
Lot size: 5.17 acres
Parking: 160 spaces
Stories: 1
Days on market: 0
MLS status: Active

Features & Amenities

Pool

Community

Lot

Street Level

Community, Schools & Utilities

Community

Subdivision: Other

Utilities

Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Placentia, CA 92870

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Frequently Asked Questions About 140 W Orangethorpe Avenue

Property type: Residential Income

The current asking price is $29,500,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 140 W Orangethorpe Avenue. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1962. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Placentia, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Placentia property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.