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500 <br />3% 4% <br />43% <br />Studio (375 units) <br />N one bedroom (3,677 units) <br />H Two bedroom (4,218 units) <br />■Three bedroom (219 units) <br />Chart A -18: Apartment <br />Stock Characteristics <br />Only 3 percent of the apartments <br />surveyed in Santa Ana contain more <br />than two bedrooms. In a city with an <br />average household size of 4.4, the <br />lack of three - bedroom units <br />contributes to overcrowded <br />conditions and increased <br />deterioration of the existing housing <br />stock. <br />Source: RealFacts, 2013 <br />JV14 <br />HOUSING NEEDS <br />HOUSING RENTS AND AFFORDABILITY <br />Apartments and rental single - family homes provide an important housing option <br />for young adults, families, and seniors. The majority of Santa Ana's apartments <br />were constructed prior to 1980. These apartments therefore generally do not <br />support the demographics of the City's current renter households. Whereas 23 <br />percent of Santa Ana's households consist of six or more people, a survey of over <br />8,500 units in multi - family apartment complexes in Santa Ana revealed that only <br />approximately 3 percent offer three or more bedrooms (see Chart A -18). <br />RealFacts reports that out of the City's 38 apartment complexes there is only one <br />Class A apartment property in Santa Ana. A Class A apartment is one in a <br />favorable location with high quality in -unit features, on -site amenities, and good <br />accessibility. There is also only one Class B property; typically this class of <br />property is older than Class A and in less favorable locations but has a lower rent. <br />The majority of the apartment properties (roughly 90 percent) are categorized as <br />Class C, older units with deferred maintenance that are often in lower income <br />areas of the City. <br />According to RealFacts, the average Santa Ana apartment rent in 2007 was $1,363 <br />(equal to $1,535 in 2013 inflation adjusted dollars). Although home sales prices <br />have dropped rental prices have not kept pace with inflation. The average <br />apartment rent in Santa Ana was $1,497 in July of 2013, a 13 percent increase over <br />4 years. Santa Ana is not the only Orange County city to experience rising rental <br />costs —rents throughout the county have reached an all -time high. Although rents <br />have increased over the decade while the median income of Santa Ana's renter <br />households has remained relatively flat, on average the units surveyed remained <br />affordable to low and moderate income households, as shown in Table A -3. The <br />benefit of an older apartment stock is that it largely stays more affordable as newer <br />housing is constructed. <br />Table A -3 <br />Existing Rental Survey and Affordability, 2013 <br />Source: RealFacts, 2013. <br />CITY OF SANTA ANA GENERAL PLAN HOUSING ELEMENT <br />Combined Household <br />Number <br />Average <br />Income <br />Household <br />Income <br />Annual <br />Hourly <br />Unit Size <br />of Units <br />Rent <br />Size <br />Group <br />Studio <br />375 <br />$1,098 <br />$39,541 <br />$19.01 <br />2 <br />Low <br />Low/ <br />1 bedroom <br />3,677 <br />$1,242 <br />$44,704 <br />$21.49 <br />2 <br />Moderate <br />Low/ <br />2 bedrooms <br />4,218 <br />$1,661 <br />$59,809 <br />$28.75 <br />4 <br />Moderate <br />Low/ <br />3 bedrooms <br />219 <br />$1,696 <br />$61,039 <br />$29.35 <br />5 <br />Moderate <br />Source: RealFacts, 2013. <br />CITY OF SANTA ANA GENERAL PLAN HOUSING ELEMENT <br />