Santa Ana is regarded as the second most populous city and the county seat of Orange County. Santa Ana has a wide variety of neighborhoods. In terms of high income, low unemployment rates, low crime and population, the best neighborhoods are Thornton Park, Northwest, West Grove Valley, Meredith Parkwood and Riverview. These are absolutely the most attractive of the bunch in terms of real estate investments as well. The richness of the market in Orange Country is healthy, investing in a higher-end property might be the best choice for real estate investors who are looking to invest in Santa Ana.
The average rent for an apartment is $2,132. The cost of rent varies depending on several factors, including location, size, and quality. The average size for a Santa Ana, CA apartment is 859 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartment are the smallest and most affordable, 1 bedroom apartment are closer to the average, while 2 bedroom apartments and 3 bedroom apartments offer a more generous square footage.
14,031 or 18% of the households in Santa Ana, CA are renter-occupied while 62,593 or 81% are owner-occupied.
As of November 10, 2021, the multifamily apartment cap rates in Santa Ana ranges rom 4.38% to 5.48%.