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60,354 sqft

$29,500,000

140 W Orangethorpe Avenue, Placentia CA, 92870

Price per sqft$488.78
Built in1962
Property size60,354 sqft
Property typeCondominium
Listed by Michael Cavner CA DRE# 01274709 with Marcus & Millichap RE Invest [email protected]

Overview

Active

Listed Oct 8, 2026

Updated 31h 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

Basement
No

Exterior Features

Lot Size
5.17 Acres

Other Property Details

Maintenance Expense
$80,000
55+/Senior Community
No
MLS provider logo

Listed by Michael Cavner CA DRE# 01274709 with Marcus & Millichap RE Invest [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/9/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/9/2026 at 7:08 AM UTC Last Checked: 7:08 AM UTC

 

 

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