921 N Lacy Street, Santa Ana, CA 92701
- Added:
- May 13, 2025
- Days on Market:
- 404
- Last Refresh:
- Jun 20 at 10:06 pm
Property Features for 921 N Lacy Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 39803203
- Size
- 5,452 SF
Building Details
- Year built
- 1932
- Architectural style
- Other
Listing agent Albert Ricci License #01011606 (714) 231-6058
Listing office Ricci Realty 606 E Chapman #100, Orange, CA (714) 633-3600
Listing date May 13, 2025
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.
HighLights
- Significant value‑add opportunity: actual rents are substantially below potential market rents, indicating a strong opportunity to increase income.
- High potential market rents: projected annual market rents of $191,520 based on $1,995 per unit.
- Located in desirable French Park neighborhood: attractive location in Santa Ana's French Park neighborhood.
- Eight 1 bed/1 bath units: consists of eight individual units, each with one bedroom and one bathroom.
- Profitable laundry room: on‑site laundry facilities provide an additional income stream.
- Potential Mills Act qualification: may qualify for property tax benefits under the Mills Act (subject to city verification).
Overview
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 | $206.1k | $37.80 |
| − Vacancy | −$9.1k | −$1.66 |
| EGI | $197.0k | $36.14 |
| − OpEx | −$88.7k | −$16.26 |
| NOI | $108.4k | $19.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Santa Ana
- County
- Orange
- State
- California
- Longitude
- -117.8629468
- Latitude
- 33.7541796
