Well-Maintained 22-Unit Apartment
For Sale
Contact for pricing
Pending
2221 E Lenita Lane, Santa Ana, CA 92705
Controlled-access 22-unit community with gated parking, balconies/patios, and shared laundry serving a mix of 1- and 2-bedroom units.
Property SizeContact for details
Days on Market179
Property Features for 2221 E Lenita Lane
General Information
Standard status
Pending
Total Parking Spaces
27
Property subtype
Multifamily
Zoning
Public Rec
Financials
Cap Rate
6.5%
Business Included
Yes
Additional Details
Multifamily Units
22
Building Details
Buildings
1
Units
22
Listing Agency:
Triqor Group
Listed By:
Gary Tolfa · License #CA 00955403
(949) 756-3232
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Jul 24 at 7:27AM
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
Property Profile
Current Use
Lease Details
22
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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
