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

$1,595,000
PW26176654 MLS Active Under Contract Status
Located in a highly desirable neighborhood of Santa Ana, near the Tustin and Orange borders, 2236 E. Franzen Avenue presents investors with the opportunity to acquire a well-maintained, fully occupied multifamily asset featuring an attractive mix of one-, two-, and three-bedroom apartment homes. Averaging more than 1,050 square feet per unit, the spacious floor plans appeal to a broad tenant base and offer a significant advantage over many competing properties in the area. The property provides a variety of sought-after resident amenities, including an on-site laundry facility, private patios and balconies, wall air conditioning, and a fireplace in the three-bedroom unit. Parking is well accommodated with four single-car garages, two open parking spaces, and ample street parking for residents and guests. The property is also individually metered for electricity and gas, helping to minimize owner-paid utility expenses. Ownership has completed several capital improvements, including the re-plumbing of one unit in 2022, reconstruction of the balconies, and installation of new fencing surrounding most of the private patios, reducing near-term capital expenditure requirements. From an investment perspective, 2236 E. Franzen Avenue offers compelling upside potential. Current rental rates are approximately 22% below market, providing a clear value-add opportunity through the implementation of market rents as units turn over. Combined with its desirable location, generous unit sizes, and strong in-place occupancy, the property represents an attractive long-term investment in one of Orange County's most established rental markets.

2236 E Franzen, 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.