Santa Ana Homes with Apartment Subtype

Santa Ana Homes with Apartment Subtype

Welcome to Santa Ana, a vibrant city nestled in the heart of Orange County, California. Known for its rich history, diverse culture, and thriving community, Santa Ana is a gem that offers a unique blend of urban living and suburban charm. With its warm climate, beautiful parks, and a bustling downtown filled with art galleries, restaurants, and shops, this city is perfect for families, professionals, and anyone looking to enjoy the California lifestyle.

One of the standout features of Santa Ana is its eclectic mix of residential options, including homes with apartment subtypes. These properties are ideal for those seeking flexibility in their living arrangements, whether you're looking to invest in a multi-family home or simply want the option to generate rental income. Homes with apartment subtypes in Santa Ana often come with spacious layouts, modern amenities, and the potential for customization, making them a fantastic choice for both homeowners and investors alike.

Santa Ana's neighborhoods are diverse, each offering its own unique character. From the historic charm of the Eastside to the bustling energy of downtown, there’s a perfect spot for everyone. Residents enjoy access to excellent schools, community events, and a variety of recreational activities, including parks and cultural festivals that celebrate the city’s rich heritage.

With its strategic location just a short drive from stunning beaches and major attractions like Disneyland and Angel Stadium, Santa Ana truly embodies the best of Southern California living. Explore the possibilities of owning a home with an apartment subtype in this dynamic city, and discover the vibrant lifestyle that awaits you in Santa Ana!

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.