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$16,750,000
Est. payment /mo
3 Beds
0.69 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25236618
Bedrooms 3
Lot Size 0.690 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Vista Royale Apartments is a 55-unit multifamily community located in the highly desirable Floral Park District of Santa Ana, CAone of Orange Countys most established and densely populated rental markets. Positioned directly across from Willard Elementary School and less than one mile north of Downtown Santa Ana, the property offers a rare combination of infill location, walkable neighborhood amenities, and strong regional connectivity. Built in 1986, this elevator-served, garden-style community features spacious floor plans, including a distinctive mix of seven (7) one-bedroom / one-bath units (750 SF) and forty-eight (48) one-bedroom / two-bath with den units (950 SF). Designed for long-term tenancy, each apartment includes dual balconies or patios, central heating and air, individual water heaters, and separate gas and electric metering. Many units have been upgraded with granite kitchen and bathroom countertops, gas range and hood, tile flooring in kitchens and baths, and ceiling fans throughout. The property also benefits from a fully implemented RUBS program for water, sewer, and trash, enhancing operational efficiency and net income. Community amenities include 96 secured parking spaces on the ground floor, laundry rooms on each level, and open-air common areas that promote resident comfort and retention. The property is 100% occupied and operates under the City of Santa Anas Rent Stabilization Ordinance (RSO). Vista Royale Apartments is being offered for sale for the first time in over 20 years, representing a rare opportunity to acquire a well-maintained, instituti
Location
State CA
County Orange
Zoning Assessor
Direction 5 Freeway to 17th Street, west, to Ross Street, south
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 4
Level or Stories 4
Others
Tax ID 39852108
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Listed by Mike Marcu Mike Marcu, Broker
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