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Residential Income - 140 W Orangethorpe Avenue, Placentia, CA

$29,500,000

140 W Orangethorpe Avenue, Placentia, CA

MLS# OC26219542

140 W Orangethorpe Avenue, Placentia, CA 92870 - $29,500,000 · Multi-Family Home for Sale, photo 1 140 W Orangethorpe Avenue, Placentia, CA 92870 - $29,500,000 · Multi-Family Home for Sale, photo 2 140 W Orangethorpe Avenue, Placentia, CA 92870 - $29,500,000 · Multi-Family Home for Sale, photo 3 140 W Orangethorpe Avenue, Placentia, CA 92870 - $29,500,000 · Multi-Family Home for Sale, photo 4 140 W Orangethorpe Avenue, Placentia, CA 92870 - $29,500,000 · Multi-Family Home for Sale, photo 5
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Description

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.

Property details

Year built
1962
Property type
Residential Income
Lot size
225,205 sqft

Location

140 W Orangethorpe Avenue • Placentia, CA 92870

More homes for sale and rent in Placentia, CA →

Listing Agent

Michael Cavner

DRE #: 01274709

Brokerage: Marcus & Millichap RE Invest

Tyler Leeson

Co-Listing Agent

DRE #: 01451551

Brokerage: Marcus & Millichap RE Invest

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CRMLS

MLS# OC26219542

Listed: 10/8/2026 9:01 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/8/2026 4:10 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Marcus & Millichap RE Invest

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715