Santa Ana Multifamily Properties for Sale

Orange County's Strongest Renter Market with Deep Value-Add Inventory

Santa Ana: The Strongest Renter Concentration in Orange County

As a local broker, I describe Santa Ana as the most fundamentally sound multifamily market in Orange County for investors focused on rental demand. As the county seat and most populous city in OC, Santa Ana has the highest renter percentage in the county, with the majority of households renting rather than owning. Santa Ana College, the OC courthouse and government employment base, and major healthcare and retail employers create a multi-source demand foundation that keeps vacancy structurally low.

Santa Ana residential income property for sale

Residential income property in the Santa Ana market

Santa Ana has the deepest inventory of 2-4 unit value-add properties in OC, much of it held by long-term owners who have not invested in renovations or updated rents to market. This creates significant upside for buyers willing to renovate, add ADUs, and manage professionally. For 1031 Exchange buyers seeking to maximize cash flow, or for first-time income property investors using FHA financing, Santa Ana is the OC city where the fundamentals most consistently favor the buyer.

Want to discuss cap rates, zoning, or off-market opportunities in Santa Ana? Call or text me directly: 949-430-7500

Build Your Santa Ana Portfolio

Multifamily inventory in Santa Ana is often sold via pocket listings before ever hitting the MLS. Off-market access is the difference between finding a deal and watching someone else close it.

Santa Ana Multifamily Investment FAQ

Why is Santa Ana one of the strongest multifamily markets in Orange County?

Santa Ana has the highest renter concentration in Orange County, with the majority of households renting rather than owning. As the county seat, it hosts major government employment, Santa Ana College, and significant healthcare and retail employment that sustains broad rental demand. The city also has the largest inventory of 2-4 unit income properties in OC, much of it held by long-term owners who have not optimized rents or made improvements, which creates a reliable pipeline of value-add opportunities. For investors who want to buy below replacement cost, force appreciation through renovation and ADU additions, and benefit from structural renter demand, Santa Ana is the most target-rich market in the county.

What is house hacking and how does it work in Santa Ana?

House hacking is the strategy of purchasing a multifamily property, living in one unit, and renting the others to offset your mortgage. In Santa Ana, fourplexes are the most common house hacking vehicle because they qualify for owner-occupied FHA financing, which allows lower down payments than conventional investment loans. The rental income from the other three units can significantly reduce or eliminate the owner's housing cost. FHA loan limits for 4-unit properties in Orange County are updated annually. Contact us for the current figure before running your numbers.

Does Santa Ana have rent control?

Santa Ana does not have local rent control, but California's AB 1482 statewide rent cap applies to most multifamily properties that are more than 15 years old and not single-family homes or condos. AB 1482 limits annual rent increases to 5% plus local CPI, with a maximum of 10%. Properties built within the last 15 years are exempt. Buyers should review current AB 1482 applicability for any specific property with a real estate attorney before closing, as the rules have nuance around exemptions and just cause eviction requirements.

Are Santa Ana multifamily properties good for a 1031 exchange?

Yes, for the right buyer profile. Santa Ana multifamily offers a combination of rental demand fundamentals and ADU upside that makes it a credible 1031 exchange destination. The key is identifying properties with genuine value-add potential rather than paying a premium for cap rate compression that has already occurred. Working with an agent who has off-market access is essential in this segment, as the best opportunities rarely hit the public MLS.

Santa Ana Multi-Family Properties for Sale

$2,050,000
NP26200094 MLS ⋅ Active Status
Exceptional investment opportunity to acquire a turn-key, fully stabilized multifamily asset in high-demand Santa Ana. Delivering an in-place cap rate over 6.6%, this property stands out as one of the strongest cash-flowing multifamily deals available in Orange County. The building features predominantly spacious 2-bedroom floor plans, perfectly positioned to attract and retain long-term tenants in today's tight rental market. Extensive recent capital improvements offer low maintenance operations, including brand-new plumbing (hot/cold water, gas, and sewer), permitted dual-pane windows, SB 721 compliance with a fully permitted deck rebuild, updated kitchens and bathrooms, recessed lighting, and modern flooring throughout. These high-end systems and updated construction drastically reduce near-term CapEx while keeping operating expenses low. Located just minutes from vibrant Downtown Santa Ana, the Civic Center, Bowers Museum, and Main Place Mall, tenants enjoy seamless access to premier dining, shopping, and cultural hubs. Residents will appreciate quick access to I-5 via 17th Street, along with proximity to the new OC Streetcar transit line connecting Santa Ana to Garden Grove. With all units currently leased at strong market rates, this low-maintenance asset delivers immediate, reliable income from day one.

810 S Flower, Santa Ana
$1,269,000
NP26194177 MLS ⋅ Active Status
OWNER-OCCUPIED FINANCING AVAILABLE! Located in the heart of Santa Ana, this single-story fourplex represents a fully stabilized, turnkey investment designed for low-expense operations. Thorough property updates include a brand-new roof, an upgraded electrical system, energy-efficient dual-pane vinyl windows, and full termite clearance. Inside, residents enjoy brand-new modern kitchens and bathrooms, pristine new flooring, and newly installed AC and heating units for year-round comfort. Externally, the property boasts major aesthetic curb appeal alongside a freshly paved parking lot that provides eight dedicated spots—rendering it exceptionally overparked for a fourplex. Perfect for owner-occupied financing, one unit can be delivered vacant at closing, while the remaining units are leased to qualified residents commanding strong market rents. Situated just minutes from Downtown Santa Ana, Santa Ana College, the Civic Center, and major freeway corridors, this property offers unbeatable access to key local points of interest. Please contact agent to inquire about purchasing the ADJACENT fourplex.

1512 W 5th, Santa Ana
$1,699,000
NP26188531 MLS ⋅ Active Status
Turn-key investment opportunity in Santa Ana’s desirable French Park neighborhood! This 4-unit property, including a fully permitted ADU, currently generates approximately $11,954/month, with a pro forma of approximately $12,900/month. All units have been extensively remodeled with updated kitchens, bathrooms, flooring, paint, and partial plumbing and electrical upgrades. Unit mix includes a 2 bed/2 bath + den, 3 bed/2 bath, 1 bed/1 bath, and 2 bed/1 bath. The front unit also features in-unit laundry, a basement, and private backyard. Three units have separate electric meters, and three are rented fully furnished. New appliances and furnishings are included with the sale. Seller has obtained permits for an additional ADU to be built.

1102 French, Santa Ana
$399,000
1 Beds ⋅ 1 Baths ⋅ PW26189992 MLS ⋅ Active Status
This 1 bedroom, 1 bath condo overlooks the lake. There are tennis courts, swimming pool and Spa .Owner has upgraded Windows to double pane heat reflecting , Crown Molding, newer floors, countertops, Kitchen light and rack upgrade, stainless steel appliances. The bathroom sink and faucet have been upgraded, Closet door converted to Hidden bookshelf.

2861 S Fairview Unit D, Santa Ana
$699,900
PW26183821 MLS ⋅ Active Status
Solid Multi-family investment opportunity in a high demand Santa Ana location. This fixer-upper offers strong upside for the right buyer ready to renovate and capture market rents or create long-term equity Located in a convenient central area with easy access to the 5 and 22 freeways, downtown Santa Ana, local shopping, dining, schools, and employment centers. The property presents and excellent canvas for cosmetic and functional upgrades that can significantly increase rental income and overall value. Property is being sold as-is, Bring your contractor and vision-this is a value add play in a resilient Orange County rental market.

1618 W 3rd, Santa Ana
$1,590,000
OC26178266 MLS ⋅ Active Status
Prime Santa Ana Investment Opportunity! Discover an exceptional Four Unit Residential property situated in a highly desirable, walkable neighborhood just steps from local schools and markets. This well maintained building features a versatile unit mix consisting of 3 spacious 2 bedroom 2 bathroom units and an expansive 3 bedroom 2 bathroom unit. Additional income is generated by a convenient on site laundry room adding continues value for investors. This is an excellent long term potential in a thriving community.

701 E Chestnut, Santa Ana
$1,595,000
PW26176654 MLS ⋅ Active Under Contract Status
Located in a highly desirable neighborhood of Santa Ana, near the Tustin and Orange borders, 2236 E. Franzen Avenue presents investors with the opportunity to acquire a well-maintained, fully occupied multifamily asset featuring an attractive mix of one-, two-, and three-bedroom apartment homes. Averaging more than 1,050 square feet per unit, the spacious floor plans appeal to a broad tenant base and offer a significant advantage over many competing properties in the area. The property provides a variety of sought-after resident amenities, including an on-site laundry facility, private patios and balconies, wall air conditioning, and a fireplace in the three-bedroom unit. Parking is well accommodated with four single-car garages, two open parking spaces, and ample street parking for residents and guests. The property is also individually metered for electricity and gas, helping to minimize owner-paid utility expenses. Ownership has completed several capital improvements, including the re-plumbing of one unit in 2022, reconstruction of the balconies, and installation of new fencing surrounding most of the private patios, reducing near-term capital expenditure requirements. From an investment perspective, 2236 E. Franzen Avenue offers compelling upside potential. Current rental rates are approximately 22% below market, providing a clear value-add opportunity through the implementation of market rents as units turn over. Combined with its desirable location, generous unit sizes, and strong in-place occupancy, the property represents an attractive long-term investment in one of Orange County's most established rental markets.

2236 E Franzen, 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
$995,000
3 Beds ⋅ 2 Baths ⋅ 26868607 MLS ⋅ Active Status
Spacious Santa Ana duplex offering a versatile investment or owner-occupant opportunity at 1618 Freeman Avenue. The property features two generously sized units: a remodeled two-bedroom, one-bath residence and a one-bedroom, one-bath residence with original character. Each unit enjoys its own private enclosed backyard - ideal for outdoor relaxation, gardening, and entertaining - as well as a detached one-car garage, interior laundry areas, and central HVAC systems. The large 8,032sf lot offers lush greenery and mature trees. Conveniently located near shopping, local dining, and Santa Ana College, this property offers easy access to everyday amenities and commuter routes.

1618 Freeman Street, Santa Ana
$1,399,500
CV26171551 MLS ⋅ Active Status
2 Units up, 2 units Down. New roof about 7-8 years. All new windows changed . Each unis have 2 places parking: 1 in garage, 1 in open place..

1802 Evergreen, Santa Ana
$1,499,000
PW26164557 MLS ⋅ Active Status
Exceptional value-add opportunity! This duplex offers two homes on one lot, making it an ideal investment for those looking to renovate, increase value, and maximize rental income. Whether you choose to live in one home while updating and leasing the other, create a multi-generational living arrangement, or add to your investment portfolio, the possibilities are endless. The front residence at 726 Euclid offers approximately 1,139 square feet with 2 bedrooms, 2 bathrooms, and a spacious family room that could easily serve as a third bedroom, home office, or additional living area. The rear residence at 728 Euclid features approximately 1,200 square feet with 3 bedrooms, 2 bathrooms, plus a dedicated office that can function as a fourth bedroom. Both homes offer spacious floor plans, separate 2-car garages, and an excellent layout ready for your personal vision and improvements. With the right updates, this property presents tremendous upside for increased rental income and long-term appreciation. Conveniently located just minutes from the vibrant Little Saigon district, residents will enjoy easy access to renowned dining, shopping, entertainment, and major freeways. Properties with two detached homes on one lot are a rare find, and this one offers an outstanding opportunity for investors, owner-occupants, or buyers seeking flexible living options with significant upside. Bring your imagination and transform this property into a standout income-producing asset.

728 N Euclid Street, Santa Ana
$1,099,000
PW26170158 MLS ⋅ Active Under Contract Status
FOUR 2-BEDROOM UNITS OFFERED AT $1,099,000. Fully occupied Santa Ana fourplex featuring four matching 2-bedroom, 1-bath units offered at approximately $274,750 per unit. The property provides eight total bedrooms, five covered carport spaces, separate gas and electric meters, and an on-site coin-operated laundry facility that generates additional income. Current rents total $4,860 per month, with all units occupied under month-to-month tenancies. The current rent roll may offer long-term income growth potential for an investor acquiring four 2-bedroom units at an attractive price per unit, subject to applicable rental regulations and tenant rights. The building contains approximately 3,689 square feet per public records and has been held by the same ownership for more than 25 years. Buyer to independently verify square footage, unit configuration, rents, expenses, laundry income, permits, property condition, and all applicable rental regulations. Please do not disturb occupants.

1813 Cedar, Santa Ana
$1,535,000
OC26170439 MLS ⋅ Active Status
Unbeatable Cash-Flow Fourplex in Santa Ana’s Historic Wilshire Square! This turnkey asset is built for maximum passive income, generating a strong $9,450 per month ($113,400 annually) with a high cap rate that outperforms comparable local multifamily investments. Operating expenses stay extremely low thanks to separately metered electric, gas, and water utilities. The fully occupied property features a high demand unit mix consisting of a remodeled downstairs 2-bedroom/1-bath unit leasing for $2,800 per month, an upgraded upstairs 2-bedroom/1-bath unit leased at $2,650 per month, and two 1-bedroom/1-bath units (featuring updated kitchens) leased at $2,000 per month each. An on site shared laundry room provides added tenant convenience and extra income potential. Huge potential would be converting the garages into 2 ADU's since the garages are free standing to increase the income and building value!!! Positioned just minutes from Downtown Santa Ana, Main Street dining, Bowers Museum, and Santa Ana College, with rapid access to the 5, 55, and 22 freeways, this high performing cash cow ensures rock solid, perpetual tenant demand. Rare opportunities like this don't stay on the market long act fast! Drive by only, please do not disturb tenants.

1405 S Broadway, Santa Ana
$1,550,000
TR26168504 MLS ⋅ Active Status
**Excellent 6-Unit Investment Opportunity – Priced Right to Sell!** Well-maintained apartment building featuring **6 spacious units**, all with **2 bedrooms and 1 bathroom**. Located in a **high-demand rental area** with **100% occupancy** and **current gross rental income of approximately $13,050 per month**. Recent improvements include **3 fully remodeled bathrooms, 2 remodeled kitchens, and new water heaters**. Quality long-term tenants, strong cash flow, and an excellent location close to shopping, dining, schools, and major freeways. **Priced right to sell—don't miss this outstanding investment opportunity!**

2001 W Myrtle, Santa Ana
$1,829,000
NP26166053 MLS ⋅ Active Under Contract Status
Brand new roofing on all structures! 6 Units in the heart of Santa Ana. Located walking distance from multiple schools, parks, OC Civic Center and Historic Downtown Santa Ana! The Pine Apartments offer an investor STRONG in place cashflow, low maintenance renovated property condition, and low expense operations. All new tenants are on RUBS program, generating extra cashflow. The building contains one and two bedroom floor plans, including cottage style units with no shared walls. Other amenities include: washer/dryer hookups, AC and Heating, Garage and Reserved parking, large private patios, dual pane windows, brand new kitchens and bathrooms, vinyl flooring, and private front and rear entries. The buildings also has a massive basement that is currently unused and unrented!

415 W Pine, Santa Ana
$1,475,000
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
$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
$850,000
PW26152829 MLS ⋅ Active Status
Great Bread and Butter Duplex. Each unit is approximately 930 Sq ft. , per Public Records. Buyer to verify. The lot is nearly 10,000 sq. ft., per public records. Buyer to verify. 2 one car garages at rear of property. Alley access to garages. Pedestrian access from garage to units. One major point on this with this large of a lot is that the potential for an ADU certainly exists. Each unit is 2 bedrooms, 1 bath. Property is in clean basic rent ready condition, or live in one and rent the other. 2 electric meters, 2 gas meters, 1 water meter. Original windows were replaced. Close to urban and downtown amenities. Center of Santa Ana in the heart of Orange County. 5 minute drive to 4th St. Renaissance . Artists Village, Main Place Mall, Santa Ana College. Property is delivered vacant in order that the new owner can rent at market rent, which is believed to be $2750 a unit. Buyer to conduct their own rent survey. Pro Forma $66,000 a year or owner occupy

1529 N Van Ness, Santa Ana
$1,000,000
OC26155320 MLS ⋅ Active Status
Luxury Live Auction! Bidding to start from $1,000,000! An Exceptional Value+Add Opportunity on Nearly Half an Acre! Rare opportunity to acquire one of the largest Residential Income parcels currently available in this price range in central Orange County. This approximately 18,000 sq. ft. (0.41-acre) Residential Income property features two detached single-story homes on one expansive lot in a prime central Santa Ana location near Fairview, South Coast Metro, shopping, dining, Santa Ana College, major freeways, and employment centers. This unique property offers tremendous flexibility for investors, developers, contractors, or owner-users. The homes feature updated kitchens and remodeled bathrooms, individual gas and electric meters, private yard areas, and ample on-site parking. The oversized lot presents outstanding long-term potential for renovation, expansion, redevelopment, or future improvements. Whether you're seeking a value-add investment, multi-generational living, or a property with significant land value and future upside, opportunities like this are increasingly difficult to find. Conveniently located near the 22, 57, and 5 Freeways with excellent access to South Coast Plaza, Downtown Santa Ana, and Orange County's major employment corridors. Properties with this combination of lot size, location, and future upside rarely become available. Don't miss this exceptional investment opportunity, which is sure to please!

2430 W 6th Street Unit A&B, Santa Ana
$1,050,000
PW26154820 MLS ⋅ Active Status
We are pleased to present 1613 S. Cedar Street, a three-unit investment opportunity located in the heart of Central Santa Ana. The property features an attractive unit mix of one single-story two-bedroom/one-bath home and two townhouse-style two-bedroom/one-and-a-half-bath units — offering tenants a distinctive living experience rarely found in multi-family housing. Each unit includes its own private garage, with one unit featuring direct interior garage access, and all units offer large fenced private patios and in-unit washer and dryer hookups. All units are separately metered for gas and electric — resulting in zero utility expense for the owner. Additional street and alley parking provides tenants convenience beyond their individual garages. Two of the three units have received nearly complete interior renovations including new drywall, flooring, granite countertops, new cabinetry, updated kitchen and bathroom fixtures, gas range, and forced air heating and cooling. The exterior has also been upgraded with new windows throughout, enhancing curb appeal and energy efficiency. The property is ideally situated in Central Santa Ana's supply-constrained rental market, offering investors stable long-term demand fundamentals. Tenants enjoy convenient access to numerous recreational parks within two miles, top-rated schools nearby, and some of Southern California's premier shopping, dining, and entertainment at South Coast Plaza — just minutes away. Commuters benefit from immediate proximity to the 55 Freeway and are just five miles from John Wayne Airport, providing seamless connectivity throughout the Southern California region and beyond.

1613 Cedar, Santa Ana
$1,200,000
PW26160740 MLS ⋅ Active Status
We are pleased to present 1617 S. Cedar Street, a four-unit investment opportunity located in the heart of Central Santa Ana. The property features an attractive unit mix of all two-bedroom/one-bath homes, including three single-story units and one unit over garage — offering tenants the feel of individual home living rarely found in multi-family housing. Each unit includes its own private garage, in-unit laundry hookups, and all units are separately metered for gas and electric — resulting in zero utility expense for the owner. Three of the four units feature large fenced private patios. Additional street and alley parking provides tenants convenience beyond their individual garages. The alley has recently been repaved in concrete, reducing future maintenance costs. The property is ideally situated in Central Santa Ana's supply-constrained rental market, offering investors stable long-term demand fundamentals. Tenants enjoy convenient access to numerous recreational parks within two miles, top-rated schools nearby, and some of Southern California's premier shopping, dining, and entertainment at South Coast Plaza — just minutes away. Commuters benefit from immediate proximity to the 55 Freeway and are just five miles from John Wayne Airport, providing seamless connectivity throughout the Southern California region and beyond.

1617 Cedar, Santa Ana
$1,015,000
PW26154788 MLS ⋅ Active Status
We are pleased to present 1609 S. Cedar Street, a three-unit investment opportunity located in the heart of Central Santa Ana. The property features an attractive unit mix of one single-story two-bedroom/one-bath home and two townhouse-style two-bedroom/one-and-a-half-bath units — offering tenants a distinctive living experience rarely found in multi-family housing. Each unit includes its own private garage, with one unit featuring direct interior garage access, and all units offer large fenced private patios and in-unit washer and dryer hookups. All units are separately metered for gas and electric — resulting in zero utility expense for the owner. Additional street and alley parking provides tenants convenience beyond their individual garages. Two of the three units have received nearly complete interior renovations including new drywall, flooring, granite countertops, new cabinetry, updated kitchen and bathroom fixtures, gas range, and forced air heating and cooling. The exterior has also been upgraded with new windows throughout, enhancing curb appeal and energy efficiency. The property is ideally situated in Central Santa Ana's supply-constrained rental market, offering investors stable long-term demand fundamentals. Tenants enjoy convenient access to numerous recreational parks within two miles, top-rated schools nearby, and some of Southern California's premier shopping, dining, and entertainment at South Coast Plaza — just minutes away. Commuters benefit from immediate proximity to the 55 Freeway and are just five miles from John Wayne Airport, providing seamless connectivity throughout the Southern California region and beyond.

1609 Cedar, Santa Ana
$1,250,000
PW26155728 MLS ⋅ Active Under Contract Status
We are pleased to present 1621 S. Cedar Street, a four-unit investment opportunity located in the heart of Central Santa Ana. The property features an attractive unit mix of four two-bedroom/one-bath homes, including three single-story units and one large two bedroom unit over garage — offering tenants the feel of individual home living rarely found in multi-family housing. Each unit includes its own private garage, in-unit laundry hookups, and all units are separately metered for gas and electric — resulting in zero utility expense for the owner. Three of the four units feature large fenced private patios. Additional street and alley parking provides tenants convenience beyond their individual garages. The alley has recently been repaved in concrete, reducing future maintenance costs. The property is ideally situated in Central Santa Ana's supply-constrained rental market, offering investors stable long-term demand fundamentals. Tenants enjoy convenient access to numerous recreational parks within two miles, top-rated schools nearby, and some of Southern California's premier shopping, dining, and entertainment at South Coast Plaza — just minutes away. Commuters benefit from immediate proximity to the 55 Freeway and are just five miles from John Wayne Airport, providing seamless connectivity throughout the Southern California region and beyond.

1621 Cedar, Santa Ana
$799,000
PW26144950 MLS ⋅ Active Status
Income producing duplex in family friendly neighborhood. Each unit is 1 bedroom/ 1 bathroom with inside laundry. Front unit has been remodeled to include wide-plank/ wood-look laminate flooring, painted accent walls, contemporary lighting & ceiling fans, and new energy efficient windows. Each unit boasts a 2-step covered entry, charming/ curved bay window in the living room, arched doorways, gas ranges and inside laundry rooms. There are 4 dedicated parking spots in the driveway under a covered carport area (complete with storage) to match the home. Back unit has wood flooring in main living area and tile everywhere else. Kitchens have tile counters and bright white cabinets. Craftsman style closets are built-in to each bedroom, maximizing storage and living space. Back unit has private/ gated yard with a metal sliding fence along back wall providing access to alley behind. Front house has gated dog run area and citrus trees. Entire property enclosed with rod iron security gate. Great investment opportunity!

304 N. Susan St., Santa Ana
$1,850,000
OC26148457 MLS ⋅ Active Status
Exceptional turnkey fourplex ideally located just minutes from South Coast Plaza, offering a rare opportunity to own a pride-of-ownership investment property with strong cash flow potential. A brand-new roof has recently been installed, and all four spacious two-bedroom, townhome-style units have been extensively renovated with luxury vinyl plank flooring, upgraded electrical sub-panels, modern cabinetry and countertops, reglazed tubs, remodeled bathrooms, dual-pane vinyl windows, fresh interior paint, and updated lighting and electrical fixtures, while select units also feature brand-new heating systems. Each unit includes a private patio and its own garage, providing amenities that attract and retain quality tenants. A RUBS (Ratio Utility Billing System) has been implemented to help reduce operating expenses and increase net operating income. Conveniently located near South Coast Plaza, world-class shopping, dining, entertainment, and major freeways, this low-maintenance asset presents an outstanding investment opportunity.

2729 S Baker, Santa Ana
$925,000
PW26144828 MLS ⋅ Active Status
Charming, character-rich, and full of upside — this 100-year-old duplex in Santa Ana’s coveted Museum District, adjacent to Floral Park, is a rare find for the savvy investor. Zoned for Commercial & Residential, the possibilities are endless! Live in one and work in the other. The property features a spacious 2-bedroom, 1-bath unit and a cozy 1-bedroom, 1-bath unit, both brimming with the vintage detail and craftsmanship you’d expect from a home of this era. Best of all, the property sits on Santa Ana’s Historic Registry, opening the door to potential Mills Act designation — meaning significant, ongoing property tax savings for the right buyer. But the real surprise is out back: a huge, private backyard oasis offering serious future potential, whether that’s an additional ADU or even a second duplex (buyer to verify with the city). It’s quiet, secluded, and full of possibilities. Location seals the deal — you’re walking distance to the Bowers Museum, Discovery Cube, and MainPlace Mall, which is undergoing an exciting transformation into a mixed-use indoor/outdoor entertainment and lifestyle destination. Also close by and walkable is the reinvisioned Park Santiago with playgrounds, walking trails, and Lawn Bowling for the outdoor enthusiasts. Character. Cash flow. Tax advantages. Room to grow. This one checks every box — don’t miss it!

207 W Buffalo Avenue, Santa Ana
$1,089,000
SR26142662 MLS ⋅ Active Status
Exceptional opportunity to own a well-maintained duplex in the heart of Santa Ana. Located at 4617-4619 W. 3rd Street, this income-producing property offers two separate residences, making it ideal for an owner-occupant looking to offset their mortgage or an investor seeking steady rental income with significant upside potential. Each unit features its own private entrance, functional floor plan and dedicated living spaces designed for comfort. The property and surrounding neighborhood offer ample parking for added convenience and tenant appeal. In addition a large side yard / backyard area makes it ideal for young families or backyard grillers. Conveniently situated near shopping, dining, schools, parks and major freeways, this centrally located property provides easy access to all that Orange County has to offer. Whether you are looking to expand your investment portfolio or purchase a property with long-term income potential, this is an opportunity you wont want to miss.

4619 W 3rd, Santa Ana
$1,060,000
PW26142181 MLS ⋅ Active Status
Exceptional duplex opportunity in the heart of Santa Ana, perfect for homeowners, investors, or those looking for multi generational living. Offering a total of 5 bedrooms, 3 bathrooms, and 1,884 square feet of living space, this versatile property provides flexibility and outstanding income potential. The front unit features 3 spacious bedrooms and 2 bathrooms with a comfortable layout designed for everyday living. The back unit offers 2 bedrooms and 1 bathroom, making it an excellent option for extended family, guests, or rental income. Live in one unit while renting the other to help offset your mortgage, or lease both units as an investment property. Each unit offers comfortable living spaces with plenty of natural light and functional floor plans that maximize space and privacy. The property presents an excellent opportunity for buyers seeking immediate rental potential while building long term equity. Conveniently located near shopping, restaurants, schools, parks, and major freeways, this property combines everyday convenience with exceptional investment value. Whether you are looking to expand your real estate portfolio or purchase a home with built in rental income, this duplex offers endless possibilities. Don't miss this rare opportunity to own a versatile income producing property in a desirable Santa Ana location.

335 Beverly, Santa Ana
$3,000,000
PW26139159 MLS ⋅ Active Status
This 11 unit historic Frank Lloyd Wright inspired architecture built in 1905 consists of (4) studios, (6) one-bedroom/one-bath units and (1) two-bedroom/one-bath unit. The property is in a strong rental market of Santa Ana at the intersection of North Broadway and West Washington. Ten of the eleven units have been renovated with newer kitchen cabinetry, countertops, shower enclosures, bathroom vanities and sinks.

1301 N Broadway, Santa Ana
$1,729,000
OC26137149 MLS ⋅ Active Status
Turnkey, fully-occupied 4-unit investment in South Coast Metro/Santa Ana. Long-term tenants in place — immediate cash flow, no lease-up risk. Unit mix: one 3BR/2BA + two 2BR/2BA + one 1BR/1BA, each with private garage parking plus ample street parking. Tenants pay electricity & gas; owner pays water & trash only. Roof replaced within the last 5 years. Minutes to the 405 & 55 freeways, less than 1 mile to South Coast Plaza, less than 2 miles to airport. A rare, low-maintenance hold in one of OC's most in-demand infill submarkets. DRIVE BY ONLY. Please DO NOT disturb tenants.

401 Nobel Avenue, Santa Ana
$1,195,000
PW26133497 MLS ⋅ Active Status
Price reduced $130K! Discover timeless charm and modern opportunity in the heart of coveted Heninger Park, one of the area’s most celebrated historic neighborhoods. This beautifully preserved 1920 triplex blends classic architectural character with thoughtful updates, offering a rare chance to own a true legacy property with built-in income potential. The main home features approximately 1,300 sq. ft. of living space with 3 spacious bedrooms and 2 updated baths. Inside, you’ll find new flooring, a gourmet kitchen with granite countertops and stainless-steel appliances, and stylish finishes that complement the home’s historic appeal. A dedicated laundry room and a fully fenced front yard add comfort, privacy, and convenience. Behind the main residence, two 1-bedroom, 1-bath units offer private entrances, separate meters, and steady income from long-term tenants already in place. Located in the historically rich Heninger Park district, known for its tree-lined streets, preserved early-20th-century homes, and strong sense of community, this property is just minutes from schools, parks, transportation, and local amenities. Whether you're investing or living with added income, this charming triplex offers the best of both worlds.

530 S Broadway, Santa Ana
$1,799,999
OC26132796 MLS ⋅ Active Status
**Rare Santa Ana Fourplex Investment Opportunity!** Welcome to **2601 W. Juniper Street**, an exceptional income-producing property offering the perfect blend of owner-occupant appeal and long-term investment potential. FRESH UPGRADES! ROOF, EXTERIOR PAINT, House turnkey! READY For investment income! The front residence is a spacious approximately 1,700 square feet **3-bedroom, 2-bathroom home** that has been thoughtfully updated with **new carpet, fresh interior paint, new flooring, new bathroom fixtures, and reglazed tubs/showers**, providing a move-in-ready living space. The remaining three units are all slightly under 1000 square feet**2-bedroom residences**, including **two 2-bedroom, 2-bathroom units** and **one 2-bedroom, 1-bathroom unit**, offering desirable layouts that appeal to a wide range of tenants. Parking is a standout feature of this property, with a **2-car garage for the front house**, **individual 1-car garages for each of the three rental units**, additional rear parking, and ample street parking—an incredible amenity that's hard to find in multifamily properties. The property has also benefited from a **recently updated roof** and additional cosmetic improvements, including **fresh exterior paint** and other enhancements that will further elevate its curb appeal. Ideally situated in the heart of Santa Ana, this property is just minutes from **South Coast Plaza**, premier shopping, dining, entertainment, and major employment centers, with convenient access to the **405 and 55 Freeways** for an easy commute throughout Orange County. Whether you're an investor seeking a quality addition to your portfolio or an owner-occupant looking to offset your mortgage with rental income, this property checks all the boxes. **This is a true gem with excellent income potential, desirable unit mix, abundant parking, and an unbeatable location. Opportunities like this are rare—don't miss your chance to own this outstanding fourplex!**

2601 W Juniper, Santa Ana
$1,825,000
NP26127122 MLS ⋅ Active Status
POTENTIAL SELLER FINANCING. An exceptional investment opportunity, this turnkey 4-unit multifamily property near the Santa Ana Civic Center offers immediate, stabilized cash flow with minimal deferred maintenance. Built in 1983 and extensively renovated in 2024, the asset features a highly desirable mix of four spacious two-bedroom, one-bathroom units. Investors will benefit from significant recent capital expenditures, including modernized interiors, dual pane windows, new flooring, and refreshed fixtures throughout. Every unit boasts its own private balcony or patio and washer/dryer hookups. Situated in one of North Orange County’s strongest rental markets, the property provides excellent proximity to major employment hubs, transit options, and downtown dining. This low-maintenance asset is an ideal addition to any private portfolio or the perfect upleg for a 1031 exchange.

1610 W Civic Center, Santa Ana
$829,000
PW26130921 MLS ⋅ Active Status
Rare owner-user and investment opportunity in the heart of Santa Ana. 821 S. Orange Avenue is a duplex consisting of two 1-bedroom, 1-bathroom units, with one unit being delivered vacant at closing, allowing an investor to immediately capture market rents or an owner-occupant to offset housing costs with rental income. The property features individual garages, a spacious lot, and strong long-term rental demand driven by its central Orange County location. Situated minutes from Downtown Santa Ana, the Artist Village, government and employment centers, shopping, dining, and public transportation, the asset benefits from excellent connectivity to the I-5, SR-55, and SR-22 freeways. With stable in-place income, immediate upside through lease-up of the vacant unit, and continued demand for affordable rental housing in a supply-constrained market, this property offers an attractive flexibility and future appreciation potential.

821 S Orange, Santa Ana
$1,389,900
PW26130655 MLS ⋅ Active Status
Nice 4plex near South Coast Metro area od Santa Ana. The property is in a very nice shape, so many upgrades including 4 new mini split ACs. 4 single car garages and 3 parking spots.

2516 S Rosewood, Santa Ana
$899,000
PW26127412 MLS ⋅ Active Status
GREAT INVESTMENT OPPORTUNITY TO OWN THIS DUPLEX ON A 6,098 SQFT. LOT WITH LONG-TERM TENANTS IN PLACE! THE PROPERTY HAS BEEN MODERATELY UPGRADED IN RECENT YEARS, INCLUDING A NEW ROOF INSTALLED JUST TWO YEARS AGO. TENANTS IN BOTH UNITS PAY RENT VIA DIRECT DEPOSIT INTO THE OWNER’S ACCOUNT. CONFIGURED AS A FRONT AND BACK HOUSE, THE PROPERTY FEATURES A SHARED ENTRYWAY LEADING TO EACH UNIT. EACH UNIT INCLUDES 2 BEDROOMS, 1 BATHROOM, A COMFORTABLE LIVING SPACE, AND A FUNCTIONAL KITCHEN. THE HOMES OFFER SEPARATE UTILITIES (EXCEPT WATER). LOCATED IN A DESIRABLE AREA WITH EASY ACCESS TO AMENITIES AND TRANSPORTATION, THIS DUPLEX REPRESENTS EXCELLENT VALUE FOR A SAVVY BUYER.

3510 & 3512 W Pine Street, Santa Ana
$1,325,000
4 Beds ⋅ 4 Baths ⋅ PW26125368 MLS ⋅ Active Status
Excellent opportunity to acquire a well-maintained, fully leased 4-unit residential income property in a central, high-demand Santa Ana location. All units are fully occupied, providing immediate cash flow and stable, long-term tenancy. Each unit has been tastefully updated and offers desirable features such as fresh interior paint, recessed lighting, modern wood-style flooring, and remodeled kitchens with granite countertops, white cabinetry, and stainless-steel appliances. The units enjoy bright, open layouts with upgraded bathrooms showcasing contemporary tile finishes and fixtures. The property includes on-site community laundry facilities, adding convenience for residents. Driveway parking is available for tenants. Located near major freeways, shopping, dining, schools, and employment centers, this multifamily asset benefits from strong rental demand and consistent occupancy.

825 S Shelton Street, Santa Ana
$1,325,000
PW26124563 MLS ⋅ Active Status
Excellent opportunity to acquire a well-maintained, fully leased 4-unit residential income property in a central, high-demand Santa Ana location. All units are fully occupied, providing immediate cash flow and stable, long-term tenancy. Each unit has been tastefully updated and offers desirable features such as fresh interior paint, recessed lighting, modern wood-style flooring, and remodeled kitchens with granite countertops, white cabinetry, and stainless-steel appliances. The units enjoy bright, open layouts with upgraded bathrooms showcasing contemporary tile finishes and fixtures. The property includes on-site community laundry facilities, adding convenience for residents. Driveway parking is available for tenants. Located near major freeways, shopping, dining, schools, and employment centers, this multifamily asset benefits from strong rental demand and consistent occupancy.

825 S Shelton Street, Santa Ana
$1,150,000
PW26118319 MLS ⋅ Active Status
Discover the possibilities with this versatile two unit property located near Santa Ana’s thriving downtown district. Offering two separate residences on one parcel, this property presents exceptional potential for owner occupants, investors or those seeking a live/work opportunity. The front residence features approximately 1,750 SF of living space with 5 bedrooms and 1.5 bathrooms. Thoughtfully updated, the home showcases dual-pane windows, hardwood flooring, two fireplaces, a well-appointed kitchen and an abundance of natural light throughout. A covered patio extends the living space outdoors, ideal for relaxing or entertaining. Privately situated behind the garage, the second residence offers approximately 750 SF feet with 2 bedrooms and 1.5 bathrooms. Both residences are well maintained and designed for comfortable living with functional layouts. Each unit enjoys its own private yard and laundry area, along with shared access to a spacious 2 car garage and ample on site parking. The expansive approximately 9,583 SF lot provides exceptional flexibility, privacy, future potential and is enhanced by mature fruit trees including orange, lemon, fig, and persimmon. Whether generating rental income, accommodating extended family or occupying one unit while leasing the other, this property offers outstanding versatility and long term value. The property is also zoned for professional use; buyers are advised to verify permitted uses directly with the City of Santa Ana.

1514 E 4th, Santa Ana
$1,275,000
PW26115970 MLS ⋅ Active Under Contract Status
We are pleased to present the opportunity to acquire a turnkey investment property located at 626 E. 3rd St. in Santa Ana. The property consists of four (4) fully updated one-bedroom one-bathroom units that have undergone significant interior and exterior renovations by the current owner. Property upgrades include new appliances, flooring, kitchens, bathrooms, doors, double-pane windows, paint, and A/C units, all of which have been completed to code. A new owner will benefit from all units currently achieving market rents in addition to a recent rental increase for two units, allowing for ease of management and future annual rental increases in accordance with the City of Santa Ana rent control guidelines. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. The property exudes pride of ownership and is ideally situated within walking distance of Downtown Santa Ana. The asset also benefits from a large ±6,141 SF lot and is zoned SD-84, which may allow for the addition of more units to the site - buyer to verify with the City of Santa Ana. Additionally, the property is conveniently located near public transportation, including Amtrak and Metrolink stations nearby. Residents are within walking distance to numerous downtown amenities, including 4th Street Market, The Copper Door, The Yost Theater, The Frida Cinema, Santa Ana Zoo, Main Place Mall, Riverview Golf Course, along with a variety of restaurants, entertainment, and nightlife destinations. The property also offers convenient access to the 5, 55, and 22 freeways, providing an easy commute throughout Orange County and surrounding areas.

626 E 3rd, Santa Ana
$1,350,000
PW26115856 MLS ⋅ Active Status
The Buffalo Avenue duplex apartment building is located in a sought after, but rarely available location in unincorporated Santa Ana. It sits within the North Tustin School District (Hewes Middle School & Foothill High School) making the property an ideal fit for an owner user or investor looking for a long term hold in a coveted location. The duplex structure is 2,630 square feet and features two large 3 bedroom 2 bathroom units. The property was completely re-piped with a lifetime warranty in 2016 and the kitchen of the 2210 apartment was remodeled in 2021. Both HVAC units have been upgraded as well. Tenants enjoy garage parking, back yard area (2210 unit), large patio (2212 unit), air conditioning, laundry hookups, dishwashers, and updated flooring.

2210 E Buffalo, Santa Ana
$1,950,000
PW26103891 MLS ⋅ Active Status
3 Units New Building. Will be completed end of September. Two Building in one lot. Front Building 5 Bedroom 4 Baths, with a Junior ADU, 1 Bedroom One bath on top of garage. Two Car attached Garage. Back Unit , ADU is Two bedrooms One Bath. Separate Electricity & water. Units asre All Electric. Solar paid for. Next Door 2119 S. Broadway is same flor plan with same price. Can be sold together or separately. Total as 6 units or two triplex.

2117 S Broadway, Santa Ana
$1,270,000
OC26097142 MLS ⋅ Active Status
Excellent opportunity to own a well-located income property in the highly desirable 92705 zip code in Santa Ana. Situated on a quiet residential street, this multifamily asset offers approximately 2,280 square feet of living space with R-2 zoning, providing flexibility for duplex or small multifamily use. Built in the 1970s, the property is surrounded by a stable mix of single-family homes and multifamily residences, contributing to consistent rental demand. The location offers strong tenant appeal with a walkable setting near shopping, dining, and everyday conveniences along 17th Street and Tustin Avenue. Easy access to the 55 and 22 freeways allows for convenient commuting throughout Orange County, including nearby employment hubs in Irvine, Costa Mesa, and Anaheim. Current rents present upside potential relative to market averages, offering investors the opportunity to increase income through interior updates and operational improvements. Ideal for both owner-users and investors seeking stable cash flow with long-term appreciation in a high-demand area. Don’t miss this chance to acquire a desirable duplex in one of Santa Ana’s most sought-after neighborhoods.

2229 Ponderosa, Santa Ana
$1,795,000
OC26078493 MLS ⋅ Active Status
opportunity to acquire a large 4 Plex-unit All unit 3 Bedroom 2 Bath Townhouse Style locates in South Santa Ana near by South Coast Metro area, fone bedroom and one bathroom on the First floor. Units A and B offer private patios, large front yards, and 2-car garages, while Units C and D include a bonus storage room ideal for an office or additional room. Units C and D each have one assigned parking space in the back, with plenty of additional street parking available for residents and guests. The property is situated behind a quiet residential neighborhood, offering a desirable living environment for tenants. All/Most residents have been in place for over 10 years, all on month-to-month leases.

2211 S Fairview, Santa Ana
$1,500,000
IV26088363 MLS ⋅ Active Status
Welcome to 1250 W 2nd St, Santa Ana – Investment Opportunity!!! Well-maintained triplex featuring three spacious 2-bedroom, 1-bath units, each offering functional layouts and strong rental appeal. The property includes individual garage parking for each unit along with a convenient on-site community laundry facility. Ideally situated along the Bristol Street Corridor, the property is approximately one mile from Santa Ana College and the Eddie West Field/Santa Ana Stadium. Tenants enjoy close proximity to a variety of shopping, dining, and entertainment options. This prime location benefits from excellent connectivity to Downtown Santa Ana and 4 miles to South Coast Plaza Shopping Center. Commuters will appreciate the convenient access to both the I-5 and SR-22 freeways. This property represents an ideal investment opportunity with a stable unit mix in a high-demand rental market.

1250 W 2nd, Santa Ana
$2,200,000
13 Beds ⋅ 10 Baths ⋅ 26713283 MLS ⋅ Active Under Contract Status
Opportunity to acquire a 9-unit multifamily asset in central Orange County, featuring spacious one- and two-bedroom units averaging 867 SF. With rents resettable to market upon vacancy under Santa Ana Rent Control, the property is positioned to exceed a 7% market cap rate. Located in an Opportunity Zone with recent capital improvements including a new roof, updated windows, and a passed SB 721 inspection. Community amenities include on-site laundry and 9 garage spaces. Conveniently located near the 5 Freeway, N. Flower St., and W. Washington Ave.

1027 N Parton Street, Santa Ana
$1,499,000
PW26076953 MLS ⋅ Active Status
Great opportunity for long term income. TENANTS PAY for WATER, ELECTRICITY, and GAS. All Units are occupied. Unit #4 and #2 is remodeled with modern style. This single building structure four-plex offers 2 units up and 2 units down, all unites are identical structure. Each unit comes with 2-Bedroom, 1-Bathroom. Property has new roof, new waterproof decking, new paint. Enclosed garage with 4 parking spaces plus 4 open parking spaces. So each unite come with 2 car parking spaces (1 in garage and 1 open space). Easy access to 55 and 5.

1714 Evergreen Street, Santa Ana
$1,589,000
PW26071918 MLS ⋅ Active Status
Spacious and versatile Santa Ana investment opportunity, perfect for both investors or owner-occupants! The property features a 5-bedroom front house (2,042 sq. ft.) and two separate 1-bedroom rear units (585 sq. ft. each) on a large 9,224 sq. ft. lot (per assessor). Both the main house and rear units have separate meters and convenient alley access. The rear units are fully independent with private side entrances and no shared backyard space, providing privacy for tenants. Recent upgrades include updated windows, newer fencing, and extensive exterior wood repairs, including improved stair access and landings for the rear units. The property offers a large front yard with lush grass, a decorative cement and wrought-iron fence, a corner location with ample parking, and a low-maintenance backyard. Interior features include wood and tile flooring and interior wood stairs. Additional highlights include four single-car garages under the rear units and a separate driveway with direct access—perfect for RV or boat parking. Well-maintained and turnkey, this property provides strong rental income potential with minimal immediate upkeep.

603 S Orange, Santa Ana
$6,299,850
OC26051318 MLS ⋅ Active Status
VALUE ADD OPPORTUNITY! ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!! We are pleased to offer for sale this well-located gated property in the highly desirable Prime Historic French Park area. This property is also close to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This gated community is located minutes to Downtown Santa Ana, the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1979 construction community is individually metered for both Gas & Electric (tenant pays for this) with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking). ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!!

717 N Garfield Street, Santa Ana
$4,199,900
OC26051314 MLS ⋅ Active Status
VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!! ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! We are pleased to offer for sale this well-located gated property in the highly desirable French Park neighborhood that's located in the North end of the Historic French Park neighborhood. This property is well located and next to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This property is located just minutes away from the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1978 construction community is individually metered for both Gas & Electric (tenant pays for this) with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking). ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!! 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.

1416 N Spurgeon Street, Santa Ana
$5,038,880
OC26051558 MLS ⋅ Active Status
This value add community is located between the highly desirable French Park & Floral Park neighborhood. This property is minutes away from an Elementary School, Santa Ana College, Shopping/retail, Restaurants/Dining, and the 5 freeway. This property is also in close proximity to the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1979 construction community consists mostly of one bedroom floor plans & studio units and individually metered for both Gas & Electric (tenant pays for this) with huge rental upside. This community also has an on site laundry room and plenty of parking space (garages & covered gated parking) for the tenants. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.

1910 N Spurgeon, Santa Ana
$1,200,000
PW26048129 MLS ⋅ Active Status
Amazing Income Producing Two-on-a-Lot Opportunity + Private Pool + Solar + Easy Freeway Access Nestled in the heart of Santa Ana’s highly sought after 92701 corridor, this rare two-on-a-lot property is a must-see gem for savvy investors or large families seeking flexible living space and strong income potential. Boasting a main residence, a bachelor apartment, and a permitted playroom, with a private pool and expansive outdoor space perfect for entertaining, relaxing, or supplemental rental income. Key Highlights: Fully rented and income producing, exceptional tenant demand in a central, commuter-friendly location. Private pool a standout amenity for tenant attraction or family enjoyment. Solar panels energy-efficient and cost-saving, adding both sustainability and buyer appeal. 6 dedicated parking spaces unmatched convenience in Santa Ana’s urban market. Easy access to the I-5 Freeway, making this a commuter-friendly hub for tenants and owners alike. Great for multi-generational living or effective portfolio addition combine owner use with income generation. Whether you’re an investor seeking a solid cash-flow asset or a homeowner wanting flexible living with built-in return, this versatile property delivers with potential for appreciation and turnkey stability in a central Orange County location.

626 N Grand, Santa Ana
$774,000
OC26037982 MLS ⋅ Active Status
Property Generates $2200 a month! One unit delivered Vacant. Beautifully renovated duplex located in the heart of Santa Ana’s historic Heninger Park neighborhood. Situated on a desirable corner lot, this turnkey investment property offers charm, stability, and strong income potential in one of Santa Ana’s most established residential communities. Fully renovated in 2023 with permitted upgrades, the property features two single-story 1-bedroom, 1-bath units, thoughtfully designed side by side. Each unit offers approximately 648 square feet of well-appointed living space with modern finishes and functional layouts that appeal to today’s renters. Recent improvements include new water heaters, new dual-pane windows, energy-efficient mini-split A/C systems, fresh interior and exterior paint, tile flooring throughout, remodeled bathrooms, and beautifully upgraded modern kitchens. The renovations blend contemporary style with everyday comfort, creating a low-maintenance asset for years to come. The property is currently occupied by wonderful long-term tenants with rents at market value and upside potential for future increases, making this an excellent opportunity for both seasoned and first-time investors seeking stable cash flow. Additional features include a one-car garage space with an extended driveway for additional parking. The garage structure is shared with the neighboring property, offering practical functionality while maintaining separation between units. Ideally located within walking distance to restaurants, retail shops, and local schools, this duplex offers convenience and neighborhood charm in a prime central location. 604 S. Van Ness Avenue is a rare opportunity to own a fully renovated, income-producing property in a historic neighborhood known for its character and strong rental demand. A truly turnkey investment with great tenants already in place.

604 S Van Ness Avenue, Santa Ana
$1,850,000
PW26037880 MLS ⋅ Active Status
Motivated Seller - Welcome to your next lucrative real estate investment in Santa Ana. This well maintained property features 8 units, a mix of 1 and 2 bedrooms, all currently occupied by long term tenants. This property offers 2 level walk up courtyard design that offers 9 parking spaces and separate community laundry facility. WOW under $250k per door!!! This property promises both stability and a huge potential for growth. Situated in a bustling location between and near the 55, 405 & 5 frwy, South Coast Plaza, Southern California beaches, UC Irvine, Chapman University, the neighborhood guarantees a high demand for rentals. Don't miss out on this chance to establish your your strong base and ownership in Southern California's thriving real estate market.

910 S Townsend, 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
$3,500,000
18 Baths ⋅ 25629401 MLS ⋅ Active Status
902 E 17th Street comprises of 18 units situated on a well-maintained 11,547 square feet lot of land. The property's cross streets are Lincoln Avenue and Fairmont Street. 902 E 17th Street sits adjacent to the I-5 Freeway and is within a two-mile radius to Downtown Santa Ana. The property offers convenient access to grocery stores, pharmacies, restaurants, and plenty of specialty retail. The property features mature landscaping with courtyard, gated entry, on-site tuck-under and surface vehicle parking. The units feature kitchens fully equipped with appliances, wall-to-wall carpet and wall air conditioning and heating.

902 E 17th Street, Santa Ana
$1,795,000
OC25238691 MLS ⋅ Active Status
Welcome to 308 Laurel Apartments, a 4-UNIT multifamily investment property nestled in the highly desirable neighborhood of Santa Ana. TOTAL CURRENT RENT: $11,000/month | TOTAL MARKET RENT: $11,250/month | 3 UNITS are on month-to-month leases, and 1 UNIT is leased through 07/31/2027. Brand New Construction (2024) – UNIT 1: What sets this property apart is the addition of a brand-new ADU, offering a 2 bed/2 bath, 800 SF unit with an open floor plan, central A/C, modern cabinets, quartz countertops, high-quality appliances, wood flooring, recessed lighting, and washer & dryer hookups. Fully Remodeled – UNITS 2-4: 3 units, each offering 2 bed/1 bath, 868 SF. These units were fully remodeled in 2023 with modern design elements and all-new upgrades throughout. The property includes 3 units with 1-car garages, plus 4 driveway parking spots, providing convenient parking for residents. Each unit features in-unit washer/dryer hookups, A/C, modern cabinets, quartz countertops, high-quality appliances, wood flooring, and recessed lighting. All tenants pay their own utilities, with gas and electricity individually metered — ensuring hassle-free maintenance and management. A perfect 1031-exchange opportunity, ideal for a homeowner seeking additional rental income, or for investors looking for a turnkey, income-producing asset.

308 S Laurel Street, Santa Ana
$3,550,000
PW25111635 MLS ⋅ Active Status
The Chestnut Apartments is a turnkey, 12-unit apartment building located in the heart of Santa Ana. Built in 1983 and just minutes away from the historic Downtown District, this property represents one of the most attractive multifamily investment opportunities in the county. It boasts a compelling 6.2% CAP Rate based on current rental income. Further enhancing the investment potential, buyers have the option to assume the existing financing, which requires only a 30% down payment and features a below-market fixed interest rate that remains in effect through November 2029. This advantageous financing presents a rare opportunity to take advantage of positive leverage, dramatically increasing the cash-on-cash return. The Chestnut Apartments redefines urban living with spacious studio apartment, each generously proportioned to function as complete one-bedroom units. Enhancing the living experience, every unit is equipped with its own washer and dryer, offering tenants the convenience of in-home laundry facilities. Recent extensive interior renovations elevate the property to new heights, featuring luxurious materials, contemporary kitchens, stainless steel appliances, vinyl/plank flooring, upgraded bathrooms, and a range of other enhancements. The exterior of the property has undergone a fresh transformation with new paint and state-of-theart exterior lighting, adding to the overall appeal. Previously, ownership had received full approval for the addition of three Accessory Dwelling Units (ADUs). These ADU's, once constructed, add a projected 29.7% increase in gross income.

709 E Chestnut Avenue, 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
$1,049,000
PW25046228 MLS ⋅ Active Status
GREAT OPPORTUNITY!! This property could be for investors or owner occupied who wish to live in the primary house and rent the back unit for supplemental income. Each home has separate gas, and electrical meters. The front house has three bedrooms and one bath and a separated 2 car garage. The back Unit has one bedroom and one bath, living room and kitchen area. This duplex is in a zone R3. Do not miss it!

913 W Bishop 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.