Marcus & Millichap Lists 196-Unit Luxury Apartment Complex in Santa Ana, CA for $27.5M

SANTA ANA, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for The Court at Artists Village, (top right photo) a 196-unit luxury apartment community in Santa Ana.

The listing price of $27.5 million represents $142 per square foot.

Ronald Harris, (middle left photo) senior vice president investments and a senior director of the firm’s National Multi Housing Group in Los Angeles, is representing the seller, a joint venture between a pension fund advisor and a local developer.

“The Court at Artists Village is a mixed-use urban apartment community comprised of 196 luxury apartment homes, 12,222 square feet of ground floor retail shops and 1,412 square feet of storage and office space,” says Harris.

“The Court at Artists Village truly defines urban infill development. The apartment community blends together unique design elements with traditional, well-appointed rental homes.

"Residents enjoy immediate access to the bohemian-style, urban-chic establishments of Artists Village, a pedestrian-oriented retail promenade with high-end restaurants, the Santora Building of the Arts (a local museum and studio), (bottom left photo) the Grand Central Theater and the locally famous Gypsy Den coffee shop.”

Located at 301 West 2nd St. in Santa Ana, The Court at Artists Village is a fully renovated 1990s’ vintage-style complex featuring a two-level subterranean parking structure.

Other amenities include a new fitness center, a swimming pool and a business center.

“The mixed-use retail component of The Court at Artists Village positions this asset favorably against competitive rental products,” says Harris.

“Furthering the desirability of this asset is its location in central Northern Orange County. The property is proximate to employment centers in Newport Beach, Costa Mesa, Anaheim and Santa Ana as well as some of Southern California’s most beautiful beaches and coastal cities.”

Press Contact: Stacey Corso, Communications Department, (925) 953-1716