VF Developments LLC, a minority- and female-owned and run company, has reintroduced a historic 1920s Spanish Villa style, eight-unit multifamily community property to the revitalizing Downtown Santa Ana market in Orange County, California after completing major renovations.
VF Developments LLC, in joint venture with a private investor in August 2020, acquired the Santa Ana multifamily property located at 1524-1530 North Sycamore Street, Santa Ana, California with the plan of repositioning and adding capital improvements to bring back its original 1920s glamour. Improvements included enhancements to exterior redesign to accentuate the Spanish revival style architecture. These improvements included new iron work, a landscaping makeover, major roof renovation with authentic red clay barrel tile roof on the property, a tiered fountain in the courtyard, newly painted white stucco and high contrasting expresso trim, completely restored and upgraded interior finishes, as well as new electrical and plumbing with central heating and cooling system.
Rancho Cucamonga, California-based TriWest Contractors completed the renovations for the ownership group and Los Angeles-based Drake Real Estate Group will provide property management and leasing services.
1524-1530 North Sycamore St., located in the heart of Santa Ana’s historic Willard neighborhood features two side by side, four-unit, two-story low-rise buildings with Santa Barbara-style architecture. Residents of this gated community will enjoy a calming water fountain in the courtyard, private entryways to each unit, balconies, red tile roofs, and dedicated remote-controlled garage parking.
Victoria Vu, a designer and managing partner of VF Developments LLC and formerly a Halloween costume designer, carefully designed and restored the rental homes. The 1920s vintage luxury rental homes feature keyless entry door locks to spacious one bedroom and two-bedroom floor plans with arched entry ways to newly renovated kitchen and bathrooms. The kitchen boasts sparkling white stone quartz countertops with brand new self-closing cabinetry and high-end Samsung stainless-steel refrigerators with matching gas cooktop with oven and microwave. Stacked washer and dryers are included inside each rental home with porcelain tiled bathtubs and glass shower doors and separate guest bathrooms. Each rental home also includes central A/C cooling and heating with recessed lights with luxury-style interior finishes and distressed wood plank floors.
This building is located in a Qualified Opportunity Zone (QOZ).
