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. This charming area is not just a place to live; it’s a community where culture, convenience, and character converge. Known for its rich history and diverse population, Santa Ana North of First boasts an eclectic mix of architectural styles, making it a delightful area for home seekers and investors alike.

One of the standout features of this neighborhood is its array of homes with an apartment subtype, catering to a variety of lifestyles and preferences. Whether you’re a first-time homebuyer looking for a cozy space or an investor seeking rental opportunities, the properties here offer flexible living arrangements that suit all needs. Many homes in this region are designed with modern amenities while retaining a touch of classic charm, creating an inviting atmosphere for residents.

Living in Santa Ana North of First means you’ll have access to a plethora of local attractions, including vibrant parks, eclectic dining options, and a thriving arts scene. The area is well-connected to major highways and public transportation, making commuting to nearby cities a breeze. Enjoy weekend strolls through the neighborhood, where you’ll discover hidden gems, local coffee shops, and community events that foster a strong sense of belonging.

Experience the best of Southern California living in Santa Ana North of First, where your dream home awaits amidst a backdrop of culture and community. Whether you’re looking to settle down or invest, this neighborhood is a fantastic choice for those seeking both comfort and convenience. Come explore the possibilities!

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.