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

Welcome to Santa Ana North of First (70), a vibrant and evolving neighborhood nestled in the heart of Orange County, California. This area is a hidden gem, known for its rich cultural tapestry, diverse community, and convenient access to the best of Southern California living.

Santa Ana North of First boasts a unique blend of historic charm and modern amenities. The neighborhood is characterized by its quaint tree-lined streets, a variety of local shops, and an array of dining options that celebrate the area’s multicultural heritage. Residents enjoy easy access to parks, recreational facilities, and community events that foster a sense of belonging and connection.

One of the most appealing aspects of this region is its diverse housing options, particularly the homes with apartment subtypes. Whether you’re looking for a cozy duplex or a spacious multi-family unit, this area offers a range of properties to suit various lifestyles and budgets. These homes provide an excellent opportunity for both first-time buyers and seasoned investors, allowing for potential rental income while enjoying the benefits of living in such a dynamic community.

The proximity to major highways and public transportation makes commuting a breeze, connecting residents to nearby cities and attractions. With a strong sense of community, a variety of amenities, and a rich cultural atmosphere, Santa Ana North of First (70) is not just a place to live; it’s a place to thrive. Come explore the possibilities and discover your new home in this enchanting neighborhood!

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

$3,000,000

PW26139159 MLS ⋅ Active Status

This 11 unit historic Frank Lloyd Wright inspired architecture built in 1905 consists of (4) studios, (6) one-bedroom/one-bath units and (1) two-bedroom/one-bath unit. The property is in a strong rental market of Santa Ana at the intersection of North Broadway and West Washington. Ten of the eleven units have been renovated with newer kitchen cabinetry, countertops, shower enclosures, bathroom vanities and sinks.

1301 N Broadway, Santa Ana

$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

$4,199,900

OC26051314 MLS ⋅ Active Status

VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!! ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! We are pleased to offer for sale this well-located gated property in the highly desirable French Park neighborhood that's located in the North end of the Historic French Park neighborhood. This property is well located and next to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This property is located just minutes away from the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1978 construction community is individually metered for both Gas & Electric (tenant pays for this) with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking). ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.

1416 N Spurgeon Street, Santa Ana

$5,038,880

OC26051558 MLS ⋅ Active Status

This value add community is located between the highly desirable French Park & Floral Park neighborhood. This property is minutes away from an Elementary School, Santa Ana College, Shopping/retail, Restaurants/Dining, and the 5 freeway. This property is also in close proximity to the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1979 construction community consists mostly of one bedroom floor plans & studio units and individually metered for both Gas & Electric (tenant pays for this) with huge rental upside. This community also has an on site laundry room and plenty of parking space (garages & covered gated parking) for the tenants. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.

1910 N Spurgeon, Santa Ana

$5,400,000

PW25262411 MLS ⋅ Active Under Contract Status

IMPORTANT TO NOTE: 11 OF THE 1-BEDROOMS ARE LARGE 729 SQFT. UNITS WITH DENS. THE DENS ARE UTILIZED AS A SECOND BEDROOM AND RENTS ARE CLOSER TO A 2-BEDROOM RENTAL LEVEL! We are pleased to present Casa Los Amigos, a 22-Unit condo community, currently being operated as apartments, in the city of Santa Ana, CA. The property features a mix of spacious 1 and 2-bedroom units, equipped with laminate wood flooring, balconies/patios, stainless steel sinks, gas wall heaters, wall a/c, and ceiling fans. The property amenities include controlled access, gated and covered parking (19 covered, 8 open), lush landscaping, and a shared laundry facility. The asset has been well maintained and professionally managed throughout ownership. Years prior, ownership converted and permitted the units into individually parceled condos, providing a buyer with the opportunity to sell the units individually. Casa Los Amigos currently generates a 6.7% cap rate on existing income, with a proforma cap rate of 8.7%. This well-maintained, pride-of-ownership asset offers investors strong in-place income with significant and flexible upside potential in an excellent location.

2221 E Lenita Lane, 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.