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921 N Lacy St Santa Ana, CA 92701

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For Sale
$1,995,000

Eight-unit apartment building in Santa Ana's French Park neighborhood.

Lot size:
0.17 Acres

Property Features for 921 N Lacy St

General Information

Property type
Commercial
Standard status
Active
Lot size
0.17 Acres

Building Details

Year built
1932

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Listing Contact
Albert Ricci
Source: Elliman

Listing Agency: Ricci Realty Listing Agent: Albert 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

Located in the French Park neighborhood of Santa Ana, this multifamily property features eight units, each with one bedroom and one bathroom. The property includes a profitable laundry room. It presents a value-add opportunity with potential for increased rental income. The property may qualify for the Mills Act property tax act; interested parties should verify with the city. Actual rents are $130,056. Potential market rents are $191,520 per year, based on $1,995 per unit. This property is part of a portfolio of four contiguous properties. The offer is subject to all beneficiaries' approval.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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City
Santa Ana
County
Orange
State
California
Longitude
-117.8629468
Latitude
33.7541796

FAQs

What type of property is this?
Apartment building - Eight-unit apartment building in Santa Ana's French Park neighborhood.
Where is this apartment building located?
The property is located at 921 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 to increase annual rental income to $191,520.; - Located in the desirable French Park neighborhood of Santa Ana.; - Eight 1-bed, 1-bath units offer a straightforward rental configuration.
More about this property
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