Santa Ana South of First (69) Homes with Apartment Subtype

Welcome to Santa Ana South of First (69), a vibrant and diverse neighborhood nestled in the heart of Santa Ana, California. Known for its rich cultural tapestry and welcoming community spirit, this area is a hidden gem in Orange County that offers a unique blend of urban convenience and suburban charm.

Santa Ana South of First is characterized by its eclectic mix of architectural styles, with homes that reflect the area’s historical roots and modern developments. Among the most appealing options in this neighborhood are homes with apartment subtypes, perfect for those seeking multifamily living arrangements or investment opportunities. These homes not only provide comfortable living spaces but also foster a sense of community, making it an ideal choice for families, young professionals, and investors alike.

Living in this dynamic area means enjoying easy access to a variety of amenities. Residents can explore local parks, vibrant markets, and a plethora of dining options that celebrate the rich culinary heritage of the region. The neighborhood is also well-connected to major highways and public transportation, ensuring that you’re never far from the excitement of downtown Santa Ana or nearby attractions in Orange County.

Whether you’re looking to settle down in a family-friendly environment or seeking a savvy investment opportunity, homes with apartment subtypes in Santa Ana South of First offer the perfect blend of comfort, convenience, and community. Discover the charm of this remarkable neighborhood and make it your new home today!

Newest Santa Ana South of First (69) Homes with Apartment Subtype

$1,689,000

OC26172416 MLS ⋅ Active Status

Multifamily 6 unit apartment complex in Santa Ana. 2 units are 2 bedrooms and 1 bathroom, 4 units are 1 bedroom and 1 bathroom. Each unit has a private patio/deck. Gated parking in back of the building, with electronic access. Each 1 bedroom unit gets one space and the 2 bedrooms get 2 spots. Laundry room has 2 washers and 2 dryers. Great location close to freeways and downtown Santa Ana dining and entertainment district.

620 E Pine, Santa Ana

$5,200,000

OC26160223 MLS ⋅ Active Status

Presenting the Bishop Apartments, a well-maintained multifamily investment opportunity in the heart of Santa Ana. The property features a unit mix of one- and two-bedroom units including one non conforming unit (1BD / 1BA), generating stable cash flow via strong tenant demand. Recent capital improvements, including seismic retrofitting, combined with on-site laundry, private patio space, and ample parking position the property for continued strong performance and future upside. The Bishop Apartments offers investors a compelling opportunity to acquire a quality asset with stable in-place income and long-term appreciation potential in one of Orange County's strongest rental markets.

1003 W Bishop, Santa Ana

$1,850,000

PW26037880 MLS ⋅ Active Status

Motivated Seller - Welcome to your next lucrative real estate investment in Santa Ana. This well maintained property features 8 units, a mix of 1 and 2 bedrooms, all currently occupied by long term tenants. This property offers 2 level walk up courtyard design that offers 9 parking spaces and separate community laundry facility. WOW under $250k per door!!! This property promises both stability and a huge potential for growth. Situated in a bustling location between and near the 55, 405 & 5 frwy, South Coast Plaza, Southern California beaches, UC Irvine, Chapman University, the neighborhood guarantees a high demand for rentals. Don't miss out on this chance to establish your your strong base and ownership in Southern California's thriving real estate market.

910 S Townsend, Santa Ana

$3,675,000

PW26035733 MLS ⋅ Active Status

This well-maintained 18-unit apartment community presents a compelling value-add opportunity in the heart of a rapidly evolving urban core. The property features all onebedroom units and offers desirable amenities including private garages, secured access, a central landscaped courtyard, and on-site laundry, creating strong tenant appeal. Recent capital improvements include new roofs, replaced electrical panels, and full SB 721 compliance, significantly reducing near-term maintenance and risk. Offered at an exceptionally attractive $204,167 per unit, the asset delivers impressive fundamentals with approximately ±31% rent upside, over ±13% cash flow on market rents, and projected ±30% equity growth upon stabilization. Situated blocks from Downtown Santa Ana and the vibrant 4th Street Market, residents enjoy walkable access to a thriving mix of dining, entertainment, nightlife, and cultural attractions, along with proximity to major employment centers and transit, making this an ideal location for tenants seeking both convenience and lifestyle.

116 S Orange, Santa Ana

$2,400,000

OC26030942 MLS ⋅ Active Status

1239 West Brook Street is a 12-unit multifamily building within the Brook Street portfolio in Santa Ana, California. The two-story asset features a desirable, renter-oriented unit mix comprised of 12 one-bedroom one bath apartment units. The apartments are well laid out and consistent with the broader Brook Street community, offering functional floorplans and solid in-place operations. At the asking price, the property is offered at an 10.93 Gross Rent Multiplier and a 5.25% capitalization rate, providing an attractive basis with embedded upside through rental growth. Additional offerings within the Brook Street portfolio include 1227 West Brook Street (11 units), 1207-1213 West Brook Street (18 units), and 1221 West Brook Street (11 units). These four properties are structured to close concurrently; however, they may be purchased individually or in any combination, offering investors flexibility in structuring acquisition size and capital deployment. The portfolio benefits from strong occupancy, proximity to major employment corridors, and convenient access to the 5, 22, 55, and 405 freeways, supporting long-term rental demand and investment stability

1239 Brook Street W, Santa Ana

$2,900,000

OC26030916 MLS ⋅ Active Status

1227 West Brook Street is an 11-unit multifamily building within the Brook Street portfolio in Santa Ana, California. The two-story asset features a desirable, renter-oriented unit mix comprised of 11 two-bedroom one bath apartment units. The apartments are well laid out and consistent with the broader Brook Street community, offering functional floorplans and solid in-place operations. At the asking price, the property is offered at a 10.66 Gross Rent Multiplier and a 6.28% capitalization rate, providing an attractive basis with embedded upside through rental growth. Additional offerings within the Brook Street portfolio include 1235–1239 West Brook Street (12 units), 1207-1213 West Brook Street (18 units), and 1221 West Brook Street (11 units). These four properties are structured to close concurrently; however, they may be purchased individually or in any combination, offering investors flexibility in structuring acquisition size and capital deployment. The portfolio benefits from strong occupancy, proximity to major employment corridors, and convenient access to the 5, 22, 55, and 405 freeways, supporting long-term rental demand and investment stability

1227 W Brook, Santa Ana

$2,900,000

OC26030800 MLS ⋅ Active Status

1221 West Brook Street is an 11-unit multifamily building within the Brook Street portfolio in Santa Ana, California. The two-story asset features a desirable, renter-oriented unit mix comprised of 10 two-bedroom one bath and 1 two-bedroom two bath apartment units. The apartments are well laid out and consistent with the broader Brook Street community, offering functional floorplans and solid in-place operations. At the asking price, the property is offered at a 10.59 Gross Rent Multiplier and a 6.35% capitalization rate, providing an attractive basis with embedded upside through rental growth. Additional offerings within the Brook Street portfolio include 1235–1239 West Brook Street (12 units), 1207-1213 West Brook Street (18 units), and 1227 West Brook Street (11 units). These four properties are structured to close concurrently; however, they may be purchased individually or in any combination, offering investors flexibility in structuring acquisition size and capital deployment. The portfolio benefits from strong occupancy, proximity to major employment corridors, and convenient access to the 5, 22, 55, and 405 freeways, supporting long-term rental demand and investment stability.

1221 W Brook, Santa Ana

$4,300,000

OC26030769 MLS ⋅ Active Status

1207–1213 West Brook Street is an 18-unit multifamily building within the Brook Street portfolio in Santa Ana, California. The two-story asset features a desirable, renter-oriented unit mix comprised of 14 one-bedroom units, two two-bedroom/one-bath units, and two two-bedroom/two-bath units. Apartments are well laid out and consistent with the broader Brook Street community, offering functional floorplans and solid in-place operations. At the asking price, the property is offered at an 11.24 Gross Rent Multiplier and a 5.65% capitalization rate, providing an attractive basis with embedded upside through rental growth. Additional offerings within the Brook Street portfolio include 1235–1239 West Brook Street (12 units), 1221 West Brook Street (11 units), and 1227 West Brook Street (11 units). These four properties are structured to close concurrently; however, they may be purchased individually or in any combination, offering investors flexibility in structuring acquisition size and capital deployment. The portfolio benefits from strong occupancy, proximity to major employment corridors, and convenient access to the 5, 22, 55, and 405 freeways, supporting long-term rental demand and investment stability

1213 W Brook, Santa Ana

$3,550,000

PW25111635 MLS ⋅ Active Status

The Chestnut Apartments is a turnkey, 12-unit apartment building located in the heart of Santa Ana. Built in 1983 and just minutes away from the historic Downtown District, this property represents one of the most attractive multifamily investment opportunities in the county. It boasts a compelling 6.2% CAP Rate based on current rental income. Further enhancing the investment potential, buyers have the option to assume the existing financing, which requires only a 30% down payment and features a below-market fixed interest rate that remains in effect through November 2029. This advantageous financing presents a rare opportunity to take advantage of positive leverage, dramatically increasing the cash-on-cash return. The Chestnut Apartments redefines urban living with spacious studio apartment, each generously proportioned to function as complete one-bedroom units. Enhancing the living experience, every unit is equipped with its own washer and dryer, offering tenants the convenience of in-home laundry facilities. Recent extensive interior renovations elevate the property to new heights, featuring luxurious materials, contemporary kitchens, stainless steel appliances, vinyl/plank flooring, upgraded bathrooms, and a range of other enhancements. The exterior of the property has undergone a fresh transformation with new paint and state-of-theart exterior lighting, adding to the overall appeal. Previously, ownership had received full approval for the addition of three Accessory Dwelling Units (ADUs). These ADU's, once constructed, add a projected 29.7% increase in gross income.

709 E Chestnut Avenue, Santa Ana

$4,974,000

OC25079080 MLS ⋅ Active Status

The Flower Street Apartments is comprised of a 20 unit gated apartment complex located in the heart of Santa Ana. All of the units have been COMPLETELY renovated with approximately $500,000 spent over the last 5 years in both the interiors and exterior. The property is individually metered for both gas & electric and has their own water heater. Each unit has a large patio/balcony for the tenants to enjoy. The renovated units include new kitchens with quartz countertops, stainless steel appliances, new bathrooms/showers with new vanities, tile shower walls, high-efficiency toilets, LED recessed lighting and new windows. The exterior renovations include paint, new staircases and decking, security camera system, exterior lighting and new landscaping. The building is also equipped with a fire sprinkler system throughout. There is also a laundry room with owned equipment that generates additional monthly cashflow. Although existing rents are strong, there is still rental upside with the opportunity for a new investor to raise rents for even better cash flow. This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow! Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.

317 S Flower Street, Santa Ana

$4,720,000

AR24144156 MLS ⋅ Active Status

Great cashflow! Current actual income is $440,081.16. Current actual CAP Rate is 6.91%. Market rent is $508,8000. Market CAP Rate is 8.24%. 20 high demand rental units located in the heart of Orange County. Separate APN numbers so buyer does not need on-site manager. Amenities include a spacious and quiet central courtyard, security doors, 2 on-site laundry rooms, and ample surface parking. Minnie Street is located just south of Santa Ana’s Downtown and is within the Pacific Park neighborhood. The property is within 1 mile of the bustling retail corridor of Downtown Santa Ana which provides residents with convenient access to a plethora of retail, dining, and entertainment options. The property is conveniently located within 0.75 miles to Kennedy Elementary School, Lathrop Intermediate School, and Century High School. Convenient excess to I-5 freeway. Separate electric meters paid by tenants. The landlord pays for water, trash, gas, and sewer. 8-2 bedrooms and 12-1 bedroom. The rent is below market bringing upside opportunity to increase rents by new buyer.

1426 Minnie 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.