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Listed by Marcus & Millichap RE Invest, Michael Cavner, Listing Contact: 949-456-0375 
5 Beds
3 Baths

$29,500,000

140 W Orangethorpe Avenue, Placentia CA, 92870

Property typeMulti-family

Overview

Active

Listed Oct 8, 2026

Updated 22h ago

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.

$196,264/mo

Est. mortgage payment based on a $29,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
OC26219542

Interior Features

Bedrooms
5
Bathrooms
3
Basement
No

Exterior Features

Lot Size
5.17 Acres

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Data last updated 6:48 AM UTC, 10/10/2026

   

 

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