Well-Maintained 22-Unit Apartment
2221 E Lenita Lane Santa Ana, CA 92705
2221 E Lenita Lane, Santa Ana, CA, 92705
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For Sale
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Controlled-access 22-unit community with gated parking, balconies/patios, and shared laundry serving a mix of 1- and 2-bedroom units.
Days on Market132
Property Features for 2221 E Lenita Lane
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Triqor Group
(949) 756-3232
Listed by
Gary Tolfa · License #CA 00955403
Source
Crexi
Added: Mar 12 Updated: Jul 21 at 12:49AM Checked: Jul 21 at 4:15AM
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 Triqor Group
Investment Insights
Based on property information with market context.
Casa Los Amigos is a well-maintained 22-unit condo community currently operated as apartments in Santa Ana, CA. The property offers a mix of 1- and 2-bedroom units, with laminate wood flooring, balconies/patios, stainless steel sinks, gas wall heaters, wall A/C, and ceiling fans. Residents also benefit from a shared laundry facility. Community amenities include controlled access, gated parking with 19 covered spaces and 8 open spaces, and lush landscaping.
The asset was previously converted and permitted into individually parceled condos, giving a buyer the ability to potentially sell units separately. According to the offering materials, the property generates a 6.5% cap rate on existing income, with a 8.7% pro forma cap rate.
Management is in place and the community has been professionally managed throughout ownership. Ownership also notes that 11 of the 1-bedroom units are large 729 SF layouts with densities utilized as a second bedroom, with rents closer to a 2-bedroom rental level.
The asset was previously converted and permitted into individually parceled condos, giving a buyer the ability to potentially sell units separately. According to the offering materials, the property generates a 6.5% cap rate on existing income, with a 8.7% pro forma cap rate.
Management is in place and the community has been professionally managed throughout ownership. Ownership also notes that 11 of the 1-bedroom units are large 729 SF layouts with densities utilized as a second bedroom, with rents closer to a 2-bedroom rental level.
Key Highlights
- 22‑unit condo community in Santa Ana, CA, currently operated as apartments
- Unit mix includes 1- and 2‑bedroom layouts; 11 of the 1‑bedroom units are 729 SF and use dens as a second bedroom
- Each unit includes laminate wood flooring, stainless steel sinks, gas wall heaters, wall A/C, and ceiling fans
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Controlled-access 22-unit community with gated parking, balconies/patios, and shared laundry serving a mix of 1- and 2-bedroom units.
Where is this apartment building located?
The property is located at 2221 E Lenita Lane Santa Ana, CA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 22‑unit condo community in Santa Ana, CA, currently operated as apartments; Unit mix includes 1- and 2‑bedroom layouts; 11 of the 1‑bedroom units are 729 SF and use dens as a second bedroom; Each unit includes laminate wood flooring, stainless steel sinks, gas wall heaters, wall A/C, and ceiling fans
