Santa Ana Homes with Apartment Subtype

Santa Ana Homes with Apartment Subtype

Santa Ana is a vibrant city located in Orange County, California. Known for its rich cultural heritage and diverse community, Santa Ana offers a unique blend of urban living and suburban charm. With a population of over 330,000 residents, it is the second-largest city in Orange County and has become a popular destination for homebuyers.

One of the appealing aspects of Santa Ana is its wide range of housing options, including homes with apartment subtypes. Whether you are a young professional looking for a trendy loft or a family in search of a spacious apartment, Santa Ana has something to offer for everyone. These homes with apartment subtypes provide the convenience and flexibility of apartment living, combined with the privacy and comfort of a standalone home.

Living in a home with an apartment subtype in Santa Ana gives residents access to a variety of amenities and services. From modern appliances to well-maintained common areas, these homes are designed to provide a comfortable and convenient lifestyle. Additionally, many of these homes are located in desirable neighborhoods with easy access to schools, parks, shopping centers, and entertainment options.

If you are considering a move to Santa Ana, exploring homes with apartment subtypes is a great option. With its prime location in Orange County and a thriving real estate market, Santa Ana offers a unique opportunity to find your dream home in a vibrant and diverse community.

Newest Santa Ana Homes with Apartment Subtype

$1,100,000
OC24104104 MLS Active Status
1724 North Spurgeon Street is a 5-unit multifamily investment property located in Santa Ana, California. The property has a market CAP rate of 7.43% and a market GIM of 14.52 on market rents. The property offers a diverse mix of 3, one-bedroom, 1, two-bedroom, and 1, three-bedroom units with security doors, shared yards, and security doors. 1724 North Spurgeon Street is situated in an optimal Santa Ana location, just north of Historic French Park and Downtown Santa Ana. The property is in close proximity to Santa Ana’s top attractions including the Discovery Cube, 4th Street Market, and the Bowers Museum. Additionally, 1724 North Spurgeon Street is located within 1 mile of MainPlace Mall, a shopping mall that is currently being renovated to include additional residential, commercial, and hotel space. Furthermore, 1724 North Spurgeon Street is 1.20 miles from Santa Ana College, the 3rd top employer in the city with more than 3,500 employees per Santa Ana’s 2023 Annual Comprehensive Financial Report. The property’s close proximity to Interstate 5 provides residents with easy access to major employment hubs throughout Orange and Los Angeles Counties. Given its optimal Santa Ana location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 1724 North Spurgeon Street.

1724 N Spurgeon Street, Santa Ana

$1,350,000
OC24103182 MLS Active Status
415 West Pine Street is a 6-unit multifamily investment property located in Santa Ana, California. The property has a market CAP rate of 8.24% and a market GIM of 8.82 on market rents. 415 West Pine Street offers six multifamily units across three buildings, with attractive amenities including a private yard or deck (select units) and in-unit laundry hookups (select units). Additionally, the property offers surface and garage parking, a highly desirable amenity for renters. 415 West Pine Street offers new ownership the opportunity to diversify the unit mix and increase potential rental income through the development of an accessory dwelling unit (ADU) on the existing private yard. 415 West Pine Street is located in an optimal Santa Ana location, just south of Downtown Santa Ana and the plethora of retail, dining, and entertainment options along 4th Street. The property is situated just steps away from Heninger Elementary School and Santa Ana High School, providing an attractive draw for families looking to be in close proximity of educational centers. Additionally, the property is within walking distance to everyday needs at Downtown Plaza, a Food 4 Less anchored retail center. Furthermore, the property benefits from its close proximity to Interstate 5 and State Route 55, connecting residents to employment hubs throughout Southern California. Given its optimal Santa Ana location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 415 West Pine Street.

415 W Pine Street, Santa Ana

$4,599,000
OC24056555 MLS Active Status
Welcome to an exceptional investment opportunity in a high-demand area! This property offers a rare combination of fully remodeled detached units and substantial redevelopment potential, making it an ideal choice for investors seeking immediate rental income and future growth prospects. Fully Remodeled Units: Each of the 9 detached units has been completely remodeled to the highest standards, featuring luxurious upgrades such as new luxury vinyl floors, AC split systems, brand-new kitchen cabinets with quartz countertops, and upgraded bathrooms. Additionally, all units boast new double-pane windows, ensuring energy efficiency and tenant comfort. Each unit offers a comfortable 2-bed, 1-bath layout, perfect for attracting tenants seeking modern and functional living spaces. Tenants enjoy the convenience of private yards with a fenced perimeter, providing privacy and outdoor space. Furthermore, the property offers 1 or 2 car garages for each unit, along with long driveways capable of accommodating up to 4 additional vehicles. Tenants are responsible for their own utilities and yard maintenance, minimizing landlord expenses and ensuring hassle-free management. With recent renovations and tenant responsibilities, maintenance costs are kept to a minimum, maximizing profitability for the owner. Situated in an area with high rental demand, vacancy rates are virtually zero, guaranteeing consistent rental income and financial stability. The property sits on nearly 1 acre of land, presenting significant potential for redevelopment. City ordinances permit the construction of up to 18 townhouse/condo-style units (including density bonus), offering lucrative expansion opportunities for the future. Despite the potential for redevelopment, the property generates almost market rent with a CAP ratio close to 5%, providing a solid return on investment while pursuing permits for redevelopment. Don't miss out on this exceptional investment opportunity that combines immediate rental income with the potential for future growth. Whether you're looking to expand your investment portfolio or capitalize on redevelopment possibilities, this property offers endless possibilities. Schedule a showing today to explore the potential of this lucrative investment!

1010 N Bewley Street, Santa Ana

$3,480,000
PW24022552 MLS Active Status
Pleased to present 709 East Chestnut Avenue, an immaculate turn-key 12-unit apartment building. Built in 1983 and nestled in the heart of Santa Ana, just minutes away from the Historical Downtown District, this property stands as one of the most attractive multifamily investments in the entire county, boasting a compelling 6.2% Capitalization Rate (CAP rate) on current rental income. A rare opportunity to take advantage of positive leverage, allowing the investor to place a smaller down payment and increase the cash-on-cash return. 709 Chestnut redefines urban living with spacious studio apartment, each generously proportioned to function as complete one-bedroom units. Enhancing the living experience, every unit is equipped with its own washer and dryer, offering tenants the convenience of in-home laundry facilities. Recent extensive interior renovations elevate the property to new heights, featuring luxurious materials, contemporary kitchens, stainless steel appliances, vinyl/plank flooring, upgraded bathrooms, and a range of other enhancements. The exterior of the property has undergone a fresh transformation with new paint and state-of-the-art exterior lighting, adding to the overall appeal. A noteworthy aspect of the Chestnut Apartments is the Planning Department Approval secured by the current ownership for the addition of three Accessory Dwelling Units (ADUs). With building approval expected imminently, the new owner stands to benefit from the construction of three additional units, translating to a projected 28.5% increase in gross income.

709 E Chestnut Avenue, 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.