215 E 15th Street
Santa Ana, CA 92701
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1984 build
- – on site
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Park Tower Luxury Apartments is a 74-unit multifamily investment opportunity located in Santa Ana, CA. With a prime Downtown Santa Ana location, residents of Park Tower Luxury Apartments are at the epicenter of all that Santa Ana has to offer. The property is located within 0.70 miles from the abundance of retail, dining, and entertainment options along East 4th Street. In recent years, Downtown Santa Ana has seen a revitalization which is exemplified by Park Tower Luxury Apartments’ location within a 0.80-mile radius of several major nearby developments. Additionally, the property is just over 1.25 miles from Santa Ana College, the 3rd top employer within the city, per Santa Ana’s 2022 Annual Comprehensive Financial Report. Furthermore, residents enjoy the property’s close proximity to Interstate 5, connecting residents to major employment hubs throughout Orange and Los Angeles Counties. Situated on a 0.66-acre lot, Park Tower Luxury Apartments offers an attractive mix of one and two-bedroom floor plans. The property features highly-desirable amenities including a gated two-story parking garage, a central courtyard, gated pedestrian access, on-site laundry facilities, and private patios or balconies. Currently, select units have undergone significant renovations, including vinyl flooring, shaker-style cabinetry, quartz countertops, and more, all of which have allowed current ownership to achieve a rental premium over non-renovated units. There is a clear and proven opportunity for new ownership to further increase the income stream through the continuation of the in-place renovation plan by upgrading all units to high-end specifications.
Last checked:
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Last updated Dec 31, 2023
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MLS# OC23172395 —
The Building
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Year Built:1984
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:50400.00
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Building Area Units:Square Feet
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Total Number Of Units:74
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# of Buildings:1
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Stories Total:4
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:74
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# of Separate Electric Meters:74
Interior
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Levels:Three Or More
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Entry Location:First Floor
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Laundry:Community
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Laundry:1
Location
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Directions:Nearby Cross Streets: North Spurgeon Street & East 15th Street
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Latitude:33.75817100
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Longitude:-117.86554200
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:Level with Street
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Lot Size Area:0.6600
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Lot Size Acres:0.6600
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Lot Size SqFt:28749.60
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:D
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Tax Census Tract:750.04
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Tax Tract:833
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Tax Lot:4
The Listing
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Special Listing Conditions:Standard
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Parcel Number:39812516
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs, Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Special Assessments
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/29/23
Dec 29, 2023
|
Sold | CRMLS_CA | $21,450,000 | -2.1% |
|
11/20/23
Nov 20, 2023
|
Pending | CRMLS_CA | $21,900,000 | |
|
10/30/23
Oct 30, 2023
|
Price Changed | CRMLS_CA | $21,900,000 | -4.6% |
