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

Welcome to Santa Ana South of First (69), a vibrant and charming neighborhood nestled in the heart of Orange County, California. Known for its rich cultural tapestry and a strong sense of community, this area offers a unique blend of urban convenience and suburban charm. With its palm-lined streets and an array of local amenities, Santa Ana South of First is an ideal place for families, young professionals, and anyone seeking a lively atmosphere.

One of the standout features of this neighborhood is its diverse housing options, particularly homes with an apartment subtype. These residences cater to a variety of lifestyles, whether you're looking for a cozy space to call your own or a multi-family setup that provides both privacy and community. Many of these homes are designed with modern amenities, spacious layouts, and outdoor living areas, making them perfect for entertaining or enjoying a quiet evening at home.

Santa Ana South of First is also conveniently located near an array of parks, shopping centers, and dining options, ensuring that residents have everything they need within reach. The area boasts excellent schools and is well-connected to major transportation routes, making commuting a breeze.

Whether you're drawn to the rich history, the thriving arts scene, or the welcoming community atmosphere, Santa Ana South of First offers a unique living experience that truly feels like home. Explore the possibilities today and discover why so many are choosing to make this dynamic neighborhood their own!

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

$4,300,000

OC26212080 MLS ⋅ Active Status

7.28% Market CAP. 3.35% Current CAP. Only $215,000 per unit! We are pleased to present 1433-37 S Standard Ave, a 20-unit multifamily investment opportunity located in the heart of Santa Ana. The property features a desirable mix of one-bed and two-bed units, providing a balanced unit composition that appeals to a broad segment of the rental market. With its larger unit count and established location, the asset offers investors the opportunity to acquire scale within one of Orange County’s strongest multifamily submarkets. The property recently got a new roof installed on the entire building, reducing near-term capital expenditure needs for ownership and also benefits from a well-diversified rent roll and a layout designed to support long-term tenant retention. The combination of one- and two-bedroom floor plans creates flexibility within the property while positioning ownership to capitalize on continued rental demand throughout the Santa Ana market. The asset presents a compelling blend of stable in-place income and future upside potential. Ideally situated in central Santa Ana, the property provides residents with convenient access to a wide variety of employment centers, retail destinations, educational institutions, and entertainment amenities. Nearby attractions include Downtown Santa Ana, the Civic Center, Artist Village, 4th Street Market, Santa Ana College, and South Coast Plaza. Residents also benefit from excellent regional connectivity via the I-5, SR-22, SR-55, and SR-57 Freeways, offering convenient access throughout Orange County and the greater Southern California region. With its attractive unit mix, strategic location, and strong market fundamentals, 1433-37 S. Standard Avenue represents an outstanding opportunity to acquire a larger-scale multifamily asset in a high-demand rental market.

1433 1437 S Standard Avenue, Santa Ana

$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

$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

$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.