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$1,180,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 14 hours ago
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Located in the heart of Santa Ana, this single-story fourplex represents a fully stabilized, turnkey investment designed for low-expense operations. Thorough property updates include a brand-new roof, an upgraded electrical system, energy-efficient dual-pane vinyl windows, and full termite clearance. Inside, residents enjoy brand-new modern kitchens and bathrooms, pristine new flooring, and newly installed AC and heating units for year-round comfort. Externally, the property boasts major aesthetic curb appeal alongside a freshly paved parking lot that provides eight dedicated spots-rendering it exceptionally overparked for a fourplex. Perfect for owner-occupied financing, one unit can be delivered vacant at closing, while the remaining units are leased to qualified residents commanding strong market rents. Situated just minutes from Downtown Santa Ana, Santa Ana College, the Civic Center, and major freeway corridors, this property offers unbeatable access to key local points of interest. Please contact agent to inquire about purchasing the ADJACENT fourplex.

Full Property Details for 1516 W 5th

General

  • Price: $1,180,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: NP26218335
  • Updated: 10/8/2026
  • Days on Market: 1 days
  • Added to Site: 1 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Location

  • Area: 699 - Not Defined
  • County: Orange
  • Development Name: 699 - Not Defined
  • Driving Directions: Northwest Block of 1st and Bristol

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Entry Location: 1
  • Square Feet: 1,600
  • Year Built: 1951

Unit Information

Unit 1

  • Number of Units: 4
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Lot Size Source: Assessor
  • Lot Description: 11-15 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $737.5
  • Price Per Unit: 295000

Listed by R L M Equities, Randall Mycorn

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Listing agent

— 1516 W 5th —

  • Randall Mycorn

    R L M Equities

949-573-5309

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1516 W 5th

School District:Santa Ana Unified School District
NameGradesDistance
George Washington Carver Elementary School
1401 West Santa Ana Boulevard, Santa Ana, CA 92703
K-30.1 mi
Valley High School
1801 South Greenville Street, Santa Ana, CA 92704
9-121.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1516 W 5th Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/07/2026
Listed
$1,180,000
58.39%
MLS
12/22/2025
Sold
$745,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1516 W 5th

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,310
—
$836,637
2%
2025
$10,310
3%
$820,233
2%
2024
$10,039
3%
$804,150
2%
2023
$9,788
294%
$788,383
503%
2022
$2,485
2%
$130,716
2%
2021
$2,436
—
$128,153
1%
2020
$2,429
1%
$126,839
2%
2019
$2,399
3%
$124,352
2%
2018
$2,330
1%
$121,914
2%
2017
$2,305
2%
$119,524
2%
2016
$2,267
1%
$117,181
2%
2015
$2,234
2%
$115,421
2%
2014
$2,191
2%
$113,161
—
2013
$2,149
—
$112,650
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1516 W 5th

$
Down Payment
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$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by R L M Equities, Randall Mycorn

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1516 W 5th, Santa Ana, CA 92703 (MLS# NP26218335) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1516 W 5th is currently listed for $1,180,000 and was received on October 07, 2026. Want to learn more about 1516 W 5th? Do you have questions about finding other Multi-Family real estate for sale in Santa Ana? You can browse all Santa Ana real estate or contact a Coldwell Banker agent to request more information.

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