Santa Ana Homes with Apartment Subtype

Santa Ana Homes with Apartment Subtype

Welcome to Santa Ana, a vibrant city located in Orange County, California. Known for its rich cultural heritage, Santa Ana offers a diverse community with a perfect blend of history and modern amenities.

If you are looking for homes with an apartment subtype in Santa Ana, you are in for a treat. These properties are highly sought after for their versatility and investment potential. Whether you are interested in generating rental income or accommodating extended family members, homes with an apartment subtype in Santa Ana provide the flexibility you need.

Santa Ana boasts a variety of architectural styles, from charming historic homes to contemporary apartments, ensuring there is something for every taste and preference. With a bustling downtown area, excellent schools, and easy access to beautiful beaches, Santa Ana is a fantastic place to call home.

Explore the unique neighborhoods of Santa Ana, each offering its own distinct character and amenities. From cozy apartments in the heart of the city to spacious homes with attached apartments, Santa Ana has a diverse real estate market to cater to your specific needs.

If you are considering making Santa Ana your home, don't miss the opportunity to explore homes with an apartment subtype. These properties not only offer additional living space but also present a fantastic investment opportunity in this thriving city.

Newest Santa Ana Homes with Apartment Subtype

$1,500,000
PW26165315 MLS Active Status
We are pleased to present the opportunity to acquire a multifamily asset located at 1735 W. Washington Avenue in Santa Ana. The property consists of four (4) units situated on an expansive ±13,068 SF lot, featuring a unique unit mix of (2) detached two-bedroom, one-bathroom single-family homes and (1) duplex comprised of (2) one-bedroom, one-bathroom units. The property is occupied by long-term tenants, providing consistent rental income with significant upside through strategic asset management, renovation of the existing improvements, and the repositioning of rents over time. Investors also have the opportunity to further enhance cash flow through the implementation of a RUBS (Ratio Utility Billing System) program to offset water and trash expenses, while benefiting from future annual rental increases in accordance with the City of Santa Ana's rent control guidelines. The oversized lot presents a rare opportunity to further maximize the property's value through the potential development of ADU’s, creating a compelling long-term value-add investment opportunity (Buyer to verify development potential and feasibility with the City of Santa Ana). Ideally located in one of Santa Ana's established residential neighborhoods, the property benefits from strong and consistent rental demand driven by its close proximity to Santa Ana College, Downtown Santa Ana, major employment centers, public transportation, and a wide variety of shopping, dining, entertainment, and lifestyle amenities. Residents also enjoy convenient access to the 5, 22, 55, and 57 Freeways, providing excellent regional connectivity throughout Orange County. This offering presents investors with the rare opportunity to acquire a well-located multifamily asset featuring meaningful rental upside, multiple value-add strategies, and long-term development potential in one of Orange County's most sought-after rental markets.

1735 W Washington, 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.