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

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

Welcome to Santa Ana North of First, a vibrant and dynamic neighborhood nestled in the heart of Orange County, California. This area is known for its rich cultural diversity, historic charm, and a strong sense of community, making it an ideal place to call home.

Santa Ana North of First is characterized by its eclectic mix of architecture, where charming vintage homes harmoniously blend with modern designs. Here, you'll find a variety of residential options, including homes with apartment subtypes, perfect for those seeking an investment opportunity or the convenience of multi-family living. These homes not only provide ample space but also offer the potential for rental income, making them a smart choice for savvy buyers.

The neighborhood is conveniently located near major transportation routes, ensuring easy access to the bustling downtown area and beyond. Residents can enjoy a plethora of local amenities, including parks, schools, shopping centers, and an array of dining options that reflect the rich culinary traditions of the area. The nearby Santa Ana River Trail is perfect for outdoor enthusiasts, offering scenic pathways for walking, biking, and enjoying the beautiful California weather.

In addition to its prime location and diverse housing options, Santa Ana North of First is also home to a thriving arts scene, with galleries, theaters, and cultural events that celebrate the community's heritage. Whether you’re looking to invest or settle down, this neighborhood offers a unique blend of opportunity and lifestyle that is hard to resist. Discover your new home in Santa Ana North of First today!

Newest Santa Ana North of First (70) 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

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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.