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! Known for its rich cultural heritage and diverse community, Santa Ana boasts a unique blend of historic charm and modern amenities. With its sunny weather, beautiful parks, and lively arts scene, it's no wonder that Santa Ana is a sought-after destination for families, young professionals, and anyone looking to enjoy the Southern California lifestyle.

When it comes to real estate, Santa Ana offers a variety of housing options, including charming homes with apartment subtypes that cater to a range of needs. These homes provide the perfect balance of comfort and convenience, ideal for those looking for multi-generational living arrangements or investment opportunities. Imagine having your family close by while still enjoying your own space, or generating rental income from a separate unit—it's a win-win!

The neighborhoods in Santa Ana are diverse and inviting, featuring tree-lined streets and a rich tapestry of cultures. Residents enjoy easy access to a plethora of dining, shopping, and entertainment options, from local eateries serving authentic cuisine to bustling markets and art galleries. Plus, with excellent schools and community amenities, Santa Ana is an ideal place to call home.

Whether you're searching for a cozy bungalow with an attached apartment or a spacious family home with rental potential, Santa Ana's real estate market has something for everyone. Embrace the charm of this dynamic city and discover your perfect home today!

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.