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Listed by Mike Marcu • Mike Marcu, Broker
$ 16,750,000
Est. payment | /mo
$ 16,750,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25236618
Year Built 1987
Source California Regional MLS
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 t
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Heating Gas, Central Forced Air
Cooling Central AC, Central Forced Air - Electric
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Assigned Spaces
Garage Spaces 96.0
Pool None
Building
Sewer Sewer Available
Water District - Public
Others
Tax ID 39852108
Special Listing Condition Not Applicable
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