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 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

$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.