Santa Ana North of First (70) Homes with Apartment Subtype

Santa Ana North of First (70) Homes with Apartment Subtype

Welcome to Santa Ana North of First (70), a vibrant and dynamic neighborhood nestled in the heart of Orange County, California. This area is known for its rich cultural diversity, charming streets, and a delightful blend of urban conveniences and suburban tranquility. With its close proximity to major highways, residents enjoy easy access to the bustling city life of Santa Ana while relishing the peaceful atmosphere of the surrounding community.

Homes in this region showcase an exciting variety of architectural styles, with many properties featuring apartment subtypes that cater to a range of lifestyles. Whether you're a first-time homebuyer, a growing family, or an investor seeking rental opportunities, you'll find an array of options that suit your needs. From cozy duplexes to modern multi-family units, the housing market here offers something for everyone.

Santa Ana North of First (70) is not only a great place to live but also a thriving hub for local businesses, parks, and recreational activities. Residents can enjoy leisurely strolls through beautifully landscaped parks, explore the vibrant arts scene, or indulge in the diverse culinary offerings that reflect the area's multicultural heritage.

With a strong sense of community and a welcoming atmosphere, Santa Ana North of First (70) is ideal for those looking to embrace the Southern California lifestyle. Come discover your new home in this charming neighborhood, where comfort, convenience, and culture come together harmoniously. Your dream home awaits!

Newest Santa Ana North of First (70) 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.