1327 N Ross, Santa Ana, CA 92706
other · Orange County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Year Built
1987
Stories
4
Living Area
50,850 sq ft
Lot Size
0.38 acres
Garage Spaces
96
Parking Spaces
96
MLS® Listing#
OC26129355
Property Features
Pool
Parking
Laundry
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
39852108
Directions
17th Street to Ross south
Affordability Calculator
$3,350,000
Estimated monthly payment
$89,151/mo
Principal $13,400,000 · Est. interest $18,694,192 over 30 yrs
Location
Points of Interest in Santa Ana, CA
Showing the Santa Ana area map.
Nearby Schools
Scholarship Prep - Santa Ana
Elementary · 0.4 mi away
Central Justice Center Children's Waiting Room
School · 0.4 mi away
Davis Elementary School
Elementary · 0.5 mi away
Wilson Elementary School
Elementary · 0.6 mi away
Heroes Elementary School
Elementary · 0.6 mi away
Nova Academy
School · 0.6 mi away
St. Joseph Catholic School
Secondary · 0.7 mi away
Advanced Learning Academy
Elementary · 0.8 mi away
Heninger Elementary School
Elementary · 0.8 mi away
Garfield Elementary School
Elementary · 0.9 mi away
Santiago Elementary School
Elementary · 0.9 mi away
Santa Ana High School
Secondary · 0.9 mi away
Mendez Fundamental Intermediate School
Secondary · 0.9 mi away
Middle College High School
Secondary School · 0.9 mi away
University of Quality Education
School · 1.0 mi away
Advanced Learning Academy
School · 1.0 mi away
Carver Elementary School
Elementary · 1.0 mi away
Lowell Elementary School
Elementary · 1.3 mi away
Roosevelt Walker Academy
Elementary · 1.3 mi away
Sierra Preparatory Academy
Elementary · 1.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1650 E Valley Road, Santa Barbara, CA | $11,750,000 | 7 | 6 | 6,366 |
| 725 W College Avenue, Santa Rosa, CA | $11,800,000 | — | — | 39,250 |
| 725 W College Avenue, Santa Rosa, CA | $11,800,000 | — | — | 39,250 |
| 725 West College Avenue, SANTA ROSA, CA | $11,800,000 | — | — | 39,250 |
| 6565 Calle Reina, Rancho Santa Fe, CA | $11,880,000 | 7 | 10 | 11,893 |
| 1200 La Brea Avenue, Santa Maria, CA | $12,000,000 | — | — | 51,873 |
Moving Cost Estimate
EXIT Agents in Santa Ana
Listing Courtesy: Mike Marcu, Broker - 949 688 1224
Presented by: Mike Marcu
Licensed in the state of California.