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925 N Lacy St Santa Ana, CA 92701

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For Sale
$1,995,000

Multifamily property in Santa Ana's French Park neighborhood.

Lot size:
0.17 Acres

Property Features for 925 N Lacy St

General Information

Property type
Commercial
Standard status
Active
Lot size
0.17 Acres

Building Details

Year built
1930

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Listing Contact
Michael Ricci
Source: Elliman

Listing Agent: Michael Ricci

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Santa Ana Multifamily Investment Opportunity

This multifamily property is located in the French Park neighborhood of Santa Ana. It features 8 units, each with 1 bedroom and 1 bathroom. The property presents a value-add opportunity. The property may qualify for the Mills Act property tax act; interested parties should check with the city. The gross potential rents are $191,520, based on 8 units at $1995. Actual rents are $112,272 from long-term tenants.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Santa Ana
County
Orange
State
California
Longitude
-117.86302
Latitude
33.7543026

FAQs

What type of property is this?
Apartment building - Multifamily property in Santa Ana's French Park neighborhood.
Where is this apartment building located?
The property is located at 925 N Lacy St Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: - Value-add opportunity: increase rents from $112,272 to a potential gross of $191,520.; - Located in the desirable French Park neighborhood of Santa Ana.; - Eight 1-bedroom, 1-bath units offer a straightforward rental configuration.
More about this property
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