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Additional details
Listed by Mike Marcu • Mike Marcu, Broker
$16,750,000
Est. payment /mo
50,850 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 50,850 sqft
Price per Sqft $329
MLS Listing ID OC-25236618
Year Built 1987
Lot Size 0.690 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Vista Royale Apartments is a 55-unit multifamily community located in the highly desirable Floral Park District of Santa Ana, CA—one of Orange County's 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 Ana's 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, institutionally managed asset in a supply-constrained market. Despite regulatory parameters, the property is well-positioned for continued income growth through seasoned ancillary revenue streams (RUBS, parking), strategic renovations, and active management.
The offering provides investors with the opportunity to acquire meaningful scale in one of Orange County's most durable rental markets—supported by stable in-place cash flow, long-term ownership stability, and a clear path to value creation.
This property can be purchase along with 502 East 6th Street Santa Ana CA 92701, a 45 plus 2-unit prime apartment complex.
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 Ana's 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, institutionally managed asset in a supply-constrained market. Despite regulatory parameters, the property is well-positioned for continued income growth through seasoned ancillary revenue streams (RUBS, parking), strategic renovations, and active management.
The offering provides investors with the opportunity to acquire meaningful scale in one of Orange County's most durable rental markets—supported by stable in-place cash flow, long-term ownership stability, and a clear path to value creation.
This property can be purchase along with 502 East 6th Street Santa Ana CA 92701, a 45 plus 2-unit prime apartment complex.
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Heating Central
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 86.0
Pool None
Community Features Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Lot 20000-39999 Sqft, Sprinkler System
Sewer Sewer Paid
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