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 neighborhood nestled in the heart of Orange County, California. Known for its rich cultural diversity and lively atmosphere, this area is a hidden gem that beautifully blends urban convenience with suburban charm. With its prime location, residents enjoy easy access to major highways, making commuting a breeze while still being close to the bustling downtown Santa Ana.

The housing market in Santa Ana North of First boasts a variety of homes, particularly appealing for those seeking apartment-style living. Here, you’ll find a mix of charming vintage buildings and modern complexes, offering a range of options for every lifestyle. Whether you're a first-time buyer looking for a cozy apartment or an investor seeking rental opportunities, this area has something to suit your needs. Many of these homes feature spacious layouts, updated amenities, and community-oriented designs that foster a sense of belonging.

Residents of Santa Ana North of First enjoy a plethora of local attractions, including trendy cafes, unique boutiques, and cultural landmarks. The area is also home to several parks and recreational facilities, perfect for outdoor enthusiasts and families alike. With a strong sense of community and an array of conveniences at your fingertips, it’s no wonder that Santa Ana North of First is becoming one of the most sought-after neighborhoods in Orange County. Come discover your new home in this dynamic and welcoming community!

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.