Apartment Building with 8
For Sale
$1,995,000
921 N Lacy Street, Santa Ana, CA 92701
MULTI_FAMILY - Santa Ana, CA
Property SizeContact for details
Days on Market450
Property Features for 921 N Lacy Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Directions
From I-5 S Take exit 105A Penn way then take washington ave to Wellington ave, Left onto Lacy
Subdivision
70 - Santa Ana North of First
Standard status
Active
APN
39803203
Building Details
Year built
1932
Listing Agency:
Ricci Realty
(714) 633-3600
Listed By:
Albert Ricci · License #01011606
(714) 231-6058
Added: May 13, 2025
Changed: Jul 27
Last Checked: Aug 5 at 11:06PM
MLS# PW25101861
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale apartment building contains 8 units, each configured as a 1 bedroom and 1 bathroom. The property also includes a laundry room, providing an on-site amenity for residents. Public remarks note the possibility of qualifying for the Mills Act property tax program; prospective buyers should verify eligibility with the City.
Located in the French Park neighborhood of Santa Ana, the property is addressed at 921 N Lacy Street, Santa Ana, CA 92701. The listing remarks indicate the building is part of a portfolio of four contiguous properties, which may be relevant for buyers seeking to consolidate assets.
From an operator standpoint, the current and projected income figures cited in the remarks may be important for underwriting and tenant leasing planning. The listing states potential market rents of $191,520 per year compared to actual rents of $130,056, subject to verification during due diligence. As with any portfolio offering, terms may involve shared decision-making: the sale is described as subject to all beneficiaries approval. This is a straightforward multifamily asset for investors or owner-operators focused on managing a small unit count with dedicated on-site laundry.
Located in the French Park neighborhood of Santa Ana, the property is addressed at 921 N Lacy Street, Santa Ana, CA 92701. The listing remarks indicate the building is part of a portfolio of four contiguous properties, which may be relevant for buyers seeking to consolidate assets.
From an operator standpoint, the current and projected income figures cited in the remarks may be important for underwriting and tenant leasing planning. The listing states potential market rents of $191,520 per year compared to actual rents of $130,056, subject to verification during due diligence. As with any portfolio offering, terms may involve shared decision-making: the sale is described as subject to all beneficiaries approval. This is a straightforward multifamily asset for investors or owner-operators focused on managing a small unit count with dedicated on-site laundry.
Key Highlights
- 1932‑built 8‑unit property in the French Park neighborhood of Santa Ana
- All units are 1 bed / 1 bath (8 units total)
- On‑site laundry room on the property
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,803
Businesses Nearby
Explore this area
Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
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 - Apartment building with eight 1-bed/1-bath units and on-site laundry room for potential Mills Act consideration.
Where is this apartment building located?
The property is located at 921 N Lacy Street 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: 1932‑built 8‑unit property in the French Park neighborhood of Santa Ana; All units are 1 bed / 1 bath (8 units total); On‑site laundry room on the property
