1327 N Ross St Santa Ana, CA 92706
Willard NeighborhoodEstimated payment $105,555/month
Highlights
- 0.69 Acre Lot
- Laundry Room
- Central Heating and Cooling System
- No HOA
About This Home
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.
Listing Agent
Mike Marcu, Broker Brokerage Phone: 949 688 1224 License #00919594 Listed on: 10/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 0.69 Acre Lot
- Two or More Common Walls
- Sprinkler System
Parking
- 10 Open Parking Spaces
- 86 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 50,850 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Sewer Paid
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Lot 20
- Tax Tract Number 310
- Assessor Parcel Number 39852108
- $14,407 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 55 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 56 Separate Electric Meters
- 56 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $5,000
- Fuel Expense $5,000
- Gardener Expense $10,952
- Insurance Expense $44,000
- Maintenance Expense $48,125
- Other Expense $24,322
- Professional Management Expense $124,552
- Trash Expense $20,000
- Water Sewer Expense $51,760
- New Taxes Expense $200,810
- Operating Expense $534,521
- Gross Income $170,931
- Net Operating Income $996,968
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/10/2025 10/10/25 | For Sale | $16,750,000 | -- | $329 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25236618
APN: 398-521-08
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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