What is the median price for Multifamily Properties in Santa Ana?

The median price for Multifamily Properties in Santa Ana, CA is $1,185,000 based on 117 recent closed sales.

Is the Santa Ana market hot for multifamily properties?

The Santa Ana multifamily properties market is currently cold with 4.9 months of supply and 4.9 closed sales per month.

How do I get an appraisal for a multifamily properties in Santa Ana?

Call (909) 266-0644, text (909) 566-2866, or schedule online at ScheduleAppraisal.com. Certified residential appraisals start at $350.

Orange County · 🏗️ Multifamily Properties

Updated today · based on latest MLS activity

Multifamily Properties Market Report — Santa Ana, CA

Median price $1,185,000 with a cold market, 117 closed sales, and 4.9 months of supply.

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Market Summary

$1,185,000

Median Price

$429.3/sf

Median PSF

-12.7%

Price Change

Cold

Market Temperature

4.9 mo

Absorption Rate

📉 Buyer

Market Type

What's Your Multifamily Properties Worth in Santa Ana?

Based on 117 recent closed sales, a typical multifamily properties in Santa Ana falls in this range:

$888,750 – $1,481,250

Actual value depends on size, condition, location, and lot. Text your address for a precise estimate.

Text (909) 566-2866 for Your Value →

Supply & Demand

Activity

Active listings: 103

Pending: 13

Closed / month: 4.9

Market balance: Buyer Strong

Recommendation

Use recent multifamily properties sales to price for a cold market in Santa Ana.

Review pending count and active supply before making price or offer timing decisions in this cold segment.

Inventory

103

Active

Pending

Closed 30d

Closed 90d

$1,185,000

Median Active Price

Avg Days Active

Monthly Trend Chart

$1,552,500

25-09

$1,195,000

25-10

$950,000

25-11

$1,352,500

25-12

$1,311,250

26-01

$1,725,000

26-02

$1,185,000

26-03

$1,055,000

26-04

$942,500

26-05

$852,500

26-06

$1,200,000

26-09

$1,179,000

26-10

📉 Falling trend · 4.9 sales/month average

Recent Sales

608 Central

Close Price: $1,179,000

Close Date: 2026-10-01

Beds / Baths: 5 / 3

Sq Ft: 2,496

$/sf: $472

626 3rd

Close Price: $1,200,000

Close Date: 2026-09-28

Beds / Baths: — / —

Sq Ft: 0

$/sf: —

1621 Cedar

Close Price: $1,175,000

Close Date: 2026-09-16

Beds / Baths: — / —

Sq Ft: 0

$/sf: —

2318 Franzen

Close Price: $1,510,000

Close Date: 2026-09-10

Beds / Baths: — / —

Sq Ft: 0

$/sf: —

801 17th Street

Close Price: $852,500

Close Date: 2026-06-01

Beds / Baths: 2 / 2

Sq Ft: 1,574

$/sf: $542

What to Know About Multifamily Properties in Santa Ana

Multifamily property in Santa Ana is shaped by both local rental demand and investor expectations around income stability, unit mix, and repositioning upside. Across the Inland Empire, buyers tend to look beyond the headline price and focus on occupancy, rent comparability, maintenance burden, and whether the property offers believable operational improvement.

For Multifamily Investors in Santa Ana

Multifamily investment in Santa Ana demands attention to gross rent multiplier (GRM), cap rate, and unit-level income analysis. Comparable sales should match on unit count, condition class, and occupancy profile — a renovated 4-unit building with 100% occupancy is not comparable to a deferred-maintenance duplex at 75% occupancy.

1031 exchange timelines make fast, defensible appraisals critical. Thomas Appraisal delivers certified valuation reports accepted by lenders, CPAs, and escrow officers across California. Schedule before your identification period closes.

Multifamily Properties FAQ

What should investors watch first in Santa Ana multifamily comps?

For multifamily assets in Santa Ana, investors usually focus on unit mix, gross income potential, condition, parking, and deferred maintenance before they look at headline price. Sales are most comparable when the rent profile and operational upside are similar.

Is price per unit or price per square foot more useful for multifamily?

Both matter, but neither stands alone. In Santa Ana, price per unit helps frame investor behavior while price per square foot can reveal efficiency and building quality. The best reading comes from using both alongside rents and occupancy context.

Do renovated units change multifamily value materially in Santa Ana?

Yes. Renovated interiors, improved common areas, and cleaner operating history can lift value if local rents support the repositioning story. In Inland Empire submarkets like Santa Ana, buyers usually pay for believable upside, not just cosmetic work.

Why are small duplex and fourplex sales inconsistent?

Smaller multifamily properties often trade with both investors and owner-occupants, which can widen the pricing range. In Santa Ana, that means comp selection should respect who the likely buyer was and whether the sale reflected income logic or owner-user demand.

Your Appraiser: Lionel Newman Thomas

Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Certified Residential Real Estate Appraiser with 17 years of experience serving the Inland Empire and greater Southern California. Lionel provides accurate, defensible valuations backed by CRMLS data and deep local market knowledge.

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