Santa Ana Homes with Apartment Subtype

Santa Ana Homes with Apartment Subtype

Welcome to Santa Ana, a vibrant city nestled in the heart of Orange County, California. Known for its rich cultural diversity and dynamic community, Santa Ana offers a unique blend of urban living and suburban charm. With a population that thrives on creativity and innovation, this city is a hub for arts, dining, and entertainment, making it an ideal place to call home.

Santa Ana boasts a variety of neighborhoods, each with its own distinct character. From historic districts featuring beautiful Spanish-style architecture to modern developments that cater to contemporary lifestyles, there is something for everyone. The city is also home to a number of parks, recreational facilities, and cultural landmarks, ensuring residents have ample opportunities to enjoy the outdoors and engage with the community.

For those seeking a home with an apartment subtype, Santa Ana presents a fantastic opportunity. Many properties in this area feature spacious layouts that accommodate multi-generational living or provide additional rental income. These homes often come with modern amenities and are strategically located near major transportation routes, shopping centers, and schools, making them perfect for families and professionals alike.

Investing in a home with an apartment in Santa Ana not only allows for flexible living arrangements but also positions you in a city that continues to grow and thrive. With its warm climate, friendly atmosphere, and a plethora of activities, Santa Ana is more than just a place to live; it’s a community where you can truly flourish. Discover your next home in this enchanting city and experience the best that Orange County has to offer!

Newest Santa Ana 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.