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

$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.