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 (70), a vibrant and diverse neighborhood nestled in the heart of Orange County, California. This dynamic area is known for its rich cultural tapestry, offering a unique blend of urban convenience and suburban charm. With its proximity to major highways, residents enjoy seamless access to the best of Southern California, including stunning beaches, bustling shopping districts, and a variety of entertainment options.

One of the standout features of this neighborhood is its eclectic mix of housing, particularly homes with apartment subtypes. These residences are perfect for those seeking the flexibility of multi-family living, whether you’re an investor looking for rental opportunities or a homeowner interested in supplemental income. The homes in this area are designed with modern lifestyles in mind, featuring spacious layouts, updated amenities, and inviting outdoor spaces that encourage relaxation and social gatherings.

Santa Ana North of First (70) is also home to a thriving community, where neighbors become friends and local businesses flourish. Residents can enjoy a variety of parks, schools, and cultural attractions, making it an ideal place for families and young professionals alike. The neighborhood is rich in history, with charming architecture and a sense of community that is hard to find elsewhere.

Whether you’re looking to buy your first home, invest in rental properties, or simply explore the vibrant lifestyle that Santa Ana has to offer, this neighborhood is sure to capture your heart. Come discover the charm and opportunity that await you in Santa Ana North of First (70)!

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.