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

$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.