The Line – Santa Ana apartments under construction
The Orange County Register
June 14, 2019
A new apartment complex sprouting up near the 22 freeway in Santa Ana has sold for $101 million or $445,000 per unit.
The Line at Santa Ana will have 228 apartments and 4,000 square feet of retail when it debuts at 3630 W. Westminster Ave.
The complex was developed by LaTerra Development, a Los Angeles-based firm that specializes in urban infill mixed-use properties. The firm said The Line should be completed within three months with LaTerra staying aboard until leasing begins.
The new owner’s identity was not released by LaTerra.
“The Line at Santa Ana is a premier property with terrific design and amenities and is directly adjacent to a future light-rail line stop,” said Charles Tourtellotte, president and CEO of LaTerra, in a statement. “The sale underscores the strength of the Orange County rental market.”
Work began last year on a 4.15-mile streetcar line between Santa Ana and Garden Grove. The streetcar will make 10 stops in each direction, connecting the Santa Ana Regional Transportation Center to Harbor Boulevard and Westminster Avenue in Garden Grove.
The Line, designed by KTGY Group, will include all the modern bells and whistles of apartment living, such as a fitness center, a resort-style pool deck with cabanas, clubroom, a spa and outdoor fireplace. A rooftop deck with a media screening wall will offer views of nearby Disneyland fireworks.
The complex sits at the intersection of Harbor Boulevard and Westminster in the Garden Grove School District.