Santa Ana North of First (70) Homes with Residential Income Property Type

Santa Ana North of First (70) Homes with Residential Income Property Type

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Newest Santa Ana North of First (70) Homes with Residential Income Property Type

$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

$1,000,000
PW26118319 MLS Active Status
Discover the possibilities with this versatile two unit property located near Santa Ana’s thriving downtown district. Offering two separate residences on one parcel, this property presents exceptional potential for owner occupants, investors or those seeking a live/work opportunity. The front residence features approximately 1,750 SF of living space with 5 bedrooms and 1.5 bathrooms. Thoughtfully updated, the home showcases dual-pane windows, hardwood flooring, two fireplaces, a well-appointed kitchen and an abundance of natural light throughout. A covered patio extends the living space outdoors, ideal for relaxing or entertaining. Privately situated behind the garage, the second residence offers approximately 750 SF feet with 2 bedrooms and 1.5 bathrooms. Both residences are well maintained and designed for comfortable living with functional layouts. Each unit enjoys its own private yard and laundry area, along with shared access to a spacious 2 car garage and ample on site parking. The expansive approximately 9,583 SF lot provides exceptional flexibility, privacy, future potential and is enhanced by mature fruit trees including orange, lemon, fig, and persimmon. Whether generating rental income, accommodating extended family or occupying one unit while leasing the other, this property offers outstanding versatility and long term value. The property is also zoned for professional use; buyers are advised to verify permitted uses directly with the City of Santa Ana.

1514 E 4th, Santa Ana

$849,000
PW26114732 MLS Active Status
Welcome to the Gowdy House, a classic Craftsman triplex located in the highly sought-after Historic French Park neighborhood and designated as a contributive property on Santa Ana’s Historic Properties list, check for possible qualification for Mills Act. Rich in character and architectural charm, this is a rare opportunity to own a piece of local history with strong income potential. The property features three units: Unit A is a spacious ground-level residence of approximately 1,027 sq ft(buyer to verify), offering 2 bedrooms with a Jack-and-Jill layout, 1 1/4 bath, a formal living room, dining area with built-in buffet, as well as a separate laundry room and pantry. Unit B is located upstairs and is approximately 725 sq ft(buyer to verify), configured as a 1-bedroom, 1-bath with potential to easily create a second bedroom. Unit C is a downstairs studio unit of approximately 312 sq ft(buyer to verify), ideal for additional income or flexible use. An exceptional opportunity for an owner-user, this “live in one and rent the others” setup provides the ability to offset your mortgage while enjoying the character of a historic home, with added flexibility for multigenerational living. Investors will be drawn to the triplex layout, delivering multiple income streams and significant upside through cosmetic improvements and potential ADU expansion (buyer to verify). Additional features include a welcoming front porch, basement for added storage or potential use, and a detached rear storage structure that may offer ADU conversion potential (buyer to verify with the City). Recent improvements include an updated electrical panel and subpanel. This is a fixer with tremendous upside in one of Santa Ana’s most desirable historic neighborhoods.

831 French Street, 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.