Villa Alegra Apartments is situated in the highly desirable rental market of Santa Ana. The apartment was constructed in 1984 and renovations were made in 2009 and 2010 to both interior and exterior of the building. Santa Ana has been among the top 10 cities nationwide that has seen the highest rental increase in the past year. With the units being significantly upgraded, an astute investor can come in and take advantage of the approximately 25% upside in rents and stabilize the asset to enjoy abundant cash flow.
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