15121 Van BurenMidway City, CA 92655

Multi-Family · 7,784 Sq. ft. | 0.37 Acres
$3,400,000 Active

15121 Van Buren Overview

Time on Site:
145 days
Visits:
0

Only $188,888 Per Unit! 5.4% CAP! Reduced Price! We are pleased to present 15121 Van Buren St in the strong Midway City rental market. This garden-style 100% single-story complex is in great condition thanks to quality management and a strong pride of ownership. Comprised of sixteen studios and two one-bed one-bath units, the beautifully landscaped grounds are adorned with white rose bushes and gated pedestrian entry at both ends. The building exterior has newer double pane vinyl windows, pitched shingle roofs and concrete parking surfaces. The building is also separately metered for gas and electricity and has an on-site laundry facility for residents’ use. Each unit has a separate hot water heater and security screen door. All units have upgraded electrical panels installed. The strong Midway City location at Beach Blvd and the 405 Freeway offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. Nearby are Costco Wholesale, Whole Foods Market, Target, Bella Terra, Old World Village, Harbor Freight, Star View Elementary School, Leo Carrillo Elementary School, Vista View Middle School, Park West, and Russell C Paris Park. 100% single-story low-density complex, located in the strong Midway City rental market with excellent curb appeal. Beautifully landscaped with white rose bushes, courtyard fountains, and gated pedestrian access on both ends. The building has pitched composition shingle roofs, concrete parking surfaces with additional street parking, separate gas and electric meters, individual water heaters, security screen doors, new electrical subpanels, and an on-site laundry facility. Centrally located at the I-405 and Beach Blvd, the property is within a mile of Costco Wholesale, Whole Foods Market, Target, Bella Terra, Old World Village, Harbor Freight, multiple parks and schools, and surrounded by a variety of shopping centers and entertainment options.

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15121 Van Buren Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,784
  • Price/Sq.ft. $437
  • Lot 0.37 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Other Expense: 15000.0
  • Electric Expense: 1200.0
  • Fuel Expense: 1200.0
  • Gardener Expense: 3480.0
  • Gross Income: 298020.0
  • Gross Scheduled Income: 298020.0
  • Insurance Expense: 14474.0
  • Maintenance Expense: 9000.0
  • Net Operating Income: 184684.0
  • New Taxes Expense: 37789.0
  • Operating Expense: 104468.0
  • Trash Expense: 3300.0
  • Water Sewer Expense: 6000.0

Building Information

  • New Construction: No
  • Year Built: 1945

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: 699 - Not Defined
  • Postal City: MIDWAY CITY

Community/Development

  • Community Features: Curbs,Gutter(s),Storm Drain(s),Street Lights,Suburban,Sidewalks,Gated

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas

General Information

  • Listing Terms: Cash,Cash to New Loan
  • Parcel Number: 10718008
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 7784.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Disposal,Gas Oven,Gas Range,Range Hood,Water Heater
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Entry Location: First
  • Laundry Features: Common Area
  • Levels: One
  • Security Features: Gated Community
  • Stories: 1
  • Stories Total: 1
  • Window Features: Double Pane Windows

Exterior

Parking Information

  • Open Parking Spaces: 8.0
  • Parking Features: Assigned,Concrete,Off Street
  • Parking Total: 8.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Acres: 0.37
  • Lot Size Area: 0.37
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 16117.2
  • Lot Size Units: Acres
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: Yes
    • Roof: Composition,Shingle

    General Information

    • Fencing: Good Condition
    • Number Of Units Leased: 18
    • Number Of Units Total: 18
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer
    • Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected

    15121 Van Buren Neighborhood

    Community

    92655 (MIDWAY CITY) Demographics

    40
    Median Age
    13,816
    Population Density (per sq. mile)
    23%
    College Educated
    $41,538
    Estimated Median Income
    699
    Estimated Total Home Owners
    1,815
    Estimated Total Renters
    28% / 72%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    15121 Van Buren Monthly Cost

    $
    $ %
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    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    15121 Van Buren Market Data

    Based on the last 30 days in this zip code

    $1,055,388
    Average List Price
    $512
    Average Price per Square Foot
    0
    Properties Sold
    20
    Average Days on Market
    18
    Properties for Sale
    Calculations provided by Reliance Network

    15121 Van Buren History

    Date Event Value Agent
    5/21/2026Source: CRMLS Price Reduction
    $3,400,000 -2.9%
    4/6/2026Source: CRMLS Price Reduction
    $3,500,000 -12.3%
    2/4/2026Source: CRMLS Added to Database
    February 04, 2026
    Listing provided courtesy of Mark Bridge, BrokerMark Bridge- MLS# OC26021954MLS ProviderContact Information: 949-474-4004
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