Active

1327 N Ross

Santa Ana, CA 92706
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Bed 0

Bed

Bath 0

Bath

SqFt50,850

Sqft

SqFt16,640

Sqft(Lot)

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 durable cash flow and long-term appreciation potential. The property may also be acquired together with the neighboring 45-unit apartment community plus two non-conforming units located at 502 East 6th Street, creating a rare 102-unit portfolio opportunity in one of Orange County's most desirable rental markets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $16,750,000

AD Id : 84811490

MLS Id : OC26129355

Lot Size : 16,640 Sqft

Living Area Size : 50,850

Year Built : 1987

Garage : 96

County : Orange

  • Map Map

Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1987 Building Area Total: 50,850
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.382
  • Lot Size Source: Assessor Lot Size Square Feet: 16640

  • Listing Price Information

    Original List Price: 16,750,000 Listing Contract Date: 2026-06-12
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 39852108

  • Garage and Parking

    Garage Description: Assigned

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas,Trash Collection,Water

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 70 - Santa Ana North of First Directions: 17th Street to Ross south Source Property Type: Residential Income Area: 70 - Santa Ana North of First Property SubType: Apartment
  • Building and Construction

    Property Age: 39 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2315 Oakmont, Santa Ana, CA, 92706 $1,190,000 3 1 1,369 1,369 SqFt
1910 N Spurgeon, Santa Ana, CA, 92706 $5,038,880 -- -- 15,584 15,584 SqFt
1820 N Bush, Santa Ana, CA, 92706 $815,000 3 2 1,346 1,346 SqFt
2850 N Stone Pine, Santa Ana, CA, 92706 $1,679,000 4 3 3,464 3,464 SqFt
2009 Greenleaf Street, Santa Ana, CA, 92706 $1,495,000 5 3 2,000 2,000 SqFt
2308 N Lowell Lane, Santa Ana, CA, 92706 $1,749,000 4 2 3,053 3,053 SqFt
1509 W Santa Clara, Santa Ana, CA, 92706 $999,888 3 2 1,180 1,180 SqFt

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ByOwner last updated this listing 06/14/2026 @ 11:58

MLS: OC26129355 LISTED BY: Mike Marcu, Mike Marcu, Broker 909-371-1322 SOURCE: CRMLS

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