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 dynamic community, this area offers a unique blend of urban convenience and suburban charm. With its strategic location, residents enjoy easy access to major highways, ensuring a seamless commute to nearby cities like Irvine and Anaheim.

Santa Ana North of First is particularly appealing to those seeking homes with an apartment subtype. This neighborhood features a variety of housing options, including modern apartments, charming duplexes, and cozy bungalows, catering to a wide range of lifestyles and budgets. Whether you're a young professional looking for a stylish apartment close to work or a family searching for a comfortable home with room to grow, you'll find something that suits your needs here.

The area boasts a plethora of amenities, including trendy cafes, eclectic shops, and lush parks, providing residents with ample opportunities for recreation and relaxation. The vibrant art scene, highlighted by the nearby Santa Ana Artists Village, offers cultural enrichment right at your doorstep. Additionally, the community is served by top-rated schools and is in close proximity to major shopping centers, making everyday errands a breeze.

With its welcoming atmosphere and diverse housing options, Santa Ana North of First is an ideal place to call home. Whether you’re looking to invest in property or find your perfect rental, this neighborhood promises a fulfilling lifestyle in one of California's most exciting cities. Come explore the possibilities that await you in this charming enclave!

Newest Santa Ana North of First (70) Homes with Apartment Subtype

$1,595,000
PW26176654 MLS Active 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.