Santa Ana Homes with Apartment Subtype

Santa Ana Homes with Apartment Subtype

Welcome to Santa Ana, California, a vibrant city nestled in the heart of Orange County. Renowned for its rich history, diverse culture, and thriving arts scene, Santa Ana is a perfect blend of urban excitement and suburban charm. With its warm Mediterranean climate, residents enjoy sunny days year-round, making it an ideal location for outdoor enthusiasts and families alike.

Santa Ana features a variety of neighborhoods, each with its unique character and appeal. From the historic downtown area, filled with trendy cafes, boutique shops, and art galleries, to the peaceful residential streets lined with beautiful trees, there’s something for everyone here. The city is also home to several parks and recreational facilities, providing ample opportunities for leisure and community gatherings.

For those seeking homes with an apartment subtype, Santa Ana offers an array of options that cater to various lifestyles and budgets. Whether you’re looking for a cozy studio, spacious two-bedroom, or a charming multi-family home, the real estate market here is diverse and accommodating. Many properties feature modern amenities, open floor plans, and easy access to local attractions, making them perfect for first-time buyers, young professionals, or investors looking to expand their portfolio.

Living in Santa Ana means you’re just a stone’s throw away from the stunning beaches of Orange County and the bustling attractions of Los Angeles. With excellent schools, a strong sense of community, and a plethora of dining and entertainment options, Santa Ana is not just a place to live; it’s a place to thrive. Explore the possibilities of calling this enchanting city home!

Newest Santa Ana Homes with Apartment Subtype

$16,750,000
OC26129355 MLS Active Status
Vista Royale Apartments is a well-maintained 55-unit multifamily community located in Santa Ana's highly desirable Floral Park neighborhood, directly across from Willard Elementary School and less than one mile from Downtown Santa Ana. The property benefits from strong renter demand, excellent regional connectivity, and proximity to major employment, retail, and entertainment destinations. Built in 1987, the community consists of 7 one-bedroom units and 48 oversized floorplans featuring one bedroom, two bathrooms, and a den, effectively competing with traditional two-bedroom, two-bathroom apartments. These unique units also feature dual private balconies, a rare amenity that enhances resident appeal and supports rental growth. Offered at an attractive 5.84% capitalization rate, Vista Royale provides immediate cash flow with approximately $235,000 in loss-to-lease, creating a clear opportunity to increase revenue through continued rent growth. The property is exceptionally efficient from an operational standpoint, with 100% separate gas and electric metering and a well-established RUBS program that recovers a substantial portion of water and trash expenses. Ownership has also recently completed both the SB 721 inspection and the City of Santa Ana Fire Department sprinkler inspection, minimizing near-term compliance and capital expenditure concerns. Combining strong in-place income, meaningful rental upside, proven expense recoveries, and a premier Orange County location, Vista Royale offers investors a compelling opportunity to acquire a high-quality multifamily asset with durable cash flow and long-term appreciation potential. The property may also be acquired together with the neighboring 45-unit apartment community plus two non-conforming units located at 502 East 6th Street, creating a rare 102-unit portfolio opportunity in one of Orange County's most desirable rental markets.

1327 N Ross, Santa Ana

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.