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.