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

$1,595,000
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

Start Your Search

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.