8
See all 8 photos
$16,750,000
Est. payment /mo
3 Beds
3 Baths
0.38 Acres Lot
New
1327 N Ross Santa Ana, CA 92706
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26129355
Bedrooms 3
Lot Size 0.382 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Vista Royale Apartments is a well-maintained 55-unit multifamily community located in Santa Ana's highly desirable Floral Park neighborhood, directly across from Willard Elementary School and less than one mile from Downtown Santa Ana. The property benefits from strong renter demand, excellent regional connectivity, and proximity to major employment, retail, and entertainment destinations. Built in 1987, the community consists of 7 one-bedroom units and 48 oversized floorplans featuring one bedroom, two bathrooms, and a den, effectively competing with traditional two-bedroom, two-bathroom apartments. These unique units also feature dual private balconies, a rare amenity that enhances resident appeal and supports rental growth. Offered at an attractive 5.84% capitalization rate, Vista Royale provides immediate cash flow with approximately $235,000 in loss-to-lease, creating a clear opportunity to increase revenue through continued rent growth. The property is exceptionally efficient from an operational standpoint, with 100% separate gas and electric metering and a well-established RUBS program that recovers a substantial portion of water and trash expenses. Ownership has also recently completed both the SB 721 inspection and the City of Santa Ana Fire Department sprinkler inspection, minimizing near-term compliance and capital expenditure concerns. Combining strong in-place income, meaningful rental upside, proven expense recoveries, and a premier Orange County location, Vista Royale offers investors a compelling opportunity to acquire a high-quality multifamily asset with d
Location
State CA
County Orange
Zoning Assessor
Direction 17th Street to Ross south
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 4
Level or Stories 4
Others
Senior Community No
Tax ID 39852108
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Mike Marcu, DRE#00919594 Mike Marcu, Broker
NEARBY SCHOOL & BUSINESS