14972 Sand Canyon Ave Irvine, CA 92618
Built in 1986 and renovated in 2020, this 148-unit building is positioned for permanent housing conversion planning in Irvine.
Property Features for 14972 Sand Canyon Ave
General Information
- Standard status
- Active
- Size
- 88,239 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1986
Listing office Sperry Commercial Global Affiliates Irvine (310) 704-9109
Listing date Jun 29, 2026
Source Sperrycga
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sperry Commercial Global Affiliates Irvine
Investment Insights
Based on property information with market context.
According to the provided remarks, city planning has indicated a roadmap to conversion to permanent housing. The listing also describes the opportunity as a permanent housing conversion initiative in a high-demand area of Irvine.
For buyers evaluating residential income properties with a conversion pathway, this asset offers a defined redevelopment direction referenced by city planning, alongside the existing institutional characteristics of a stabilized apartment building. The combination of unit count, recent renovation, and the cited planning roadmap may be relevant for operators and capital partners focused on transitioning the property to permanent housing use. Interested parties should review the conversion pathway details and requirements directly with the applicable agencies.
Key Highlights
- 148‑unit apartment building built in 1986 and renovated in 2020
- Building size: 88,239 SF
- City planning has indicated a roadmap to conversion to permanent housing
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $3.55M | $40.20 |
| − Vacancy | −$113.5k | −$1.29 |
| EGI | $3.43M | $38.91 |
| − OpEx | −$1.55M | −$17.51 |
| NOI | $1.89M | $21.40 |
