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

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

Santa Ana North of First (70) is a vibrant region located in Santa Ana, Orange County, California. Known for its diverse community and bustling atmosphere, this area offers a unique blend of urban conveniences and suburban charm.

One of the notable features of Santa Ana North of First (70) is its abundance of homes with an apartment subtype. These properties provide an excellent opportunity for homeowners to generate additional income by renting out a separate living space. Whether you're looking to invest in a property or simply seeking a versatile living arrangement, these homes offer a range of possibilities.

The apartment subtype homes in Santa Ana North of First (70) come in various architectural styles and sizes to suit different preferences and needs. From charming bungalows to modern townhouses, there is something for everyone. Many of these homes boast attractive features such as spacious layouts, updated kitchens, and private entrances for the apartment units.

Living in a home with an apartment subtype also has its advantages. Not only can it provide a steady rental income stream, but it also offers the flexibility to accommodate extended family members or guests. Additionally, the rental income can help offset mortgage payments and other expenses, making homeownership more affordable.

With its prime location in Santa Ana, residents of Santa Ana North of First (70) enjoy easy access to a wide range of amenities. From shopping centers and restaurants to parks and recreational facilities, everything you need is just a short distance away.

If you're looking for a vibrant community with homes featuring an apartment subtype, Santa Ana North of First (70) is worth considering. Its convenient location, diverse housing options, and potential for rental income make it an attractive destination for homeowners and investors alike.

Newest Santa Ana North of First (70) 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.