1-Bedroom Multifamily with 8
For Sale
$1,995,000
925 N Lacy Street, Santa Ana, CA 92701
MULTI_FAMILY - Santa Ana, CA
Property SizeContact for details
Days on Market451
Property Features for 925 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
39803202
Building Details
Year built
1930
Listing Agency:
Ricci Realty
(714) 633-3600
Listed By:
Albert Ricci · License #01011606
(714) 231-6058
Added: May 13, 2025
Changed: Jul 6
Last Checked: Aug 6 at 12:06AM
MLS# PW25101989
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 multifamily property consists of 8 units, and each unit is configured as 1 bedroom and 1 bathroom. It is presented as a value-add opportunity, with the provided rent information indicating room to evaluate performance against gross potential rents.
The building is located at 925 N Lacy Street in Santa Ana, California. Public remarks note the property may qualify for the Mills Act property tax program, subject to confirmation with the City.
Current actual rents are listed as $134,472, while gross potential rents are provided as $191,520. With all units described as long-term tenant occupancy, the property is best suited for buyers or operators looking for a straightforward 8-unit residential income asset and willing to diligence the gap between actual and gross potential rent numbers, as well as any Mills Act eligibility.
The building is located at 925 N Lacy Street in Santa Ana, California. Public remarks note the property may qualify for the Mills Act property tax program, subject to confirmation with the City.
Current actual rents are listed as $134,472, while gross potential rents are provided as $191,520. With all units described as long-term tenant occupancy, the property is best suited for buyers or operators looking for a straightforward 8-unit residential income asset and willing to diligence the gap between actual and gross potential rent numbers, as well as any Mills Act eligibility.
Key Highlights
- 8‑unit multifamily built in 1930 in French Park, Santa Ana
- All units are 1 bedroom, 1 bath (8 units total)
- Gross potential rents are $191,520 based on 8 units @ $1,995
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,005
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 - Eight 1-bedroom, 1-bath units offer an operator the ability to evaluate rent upside versus gross potential.
Where is this apartment building located?
The property is located at 925 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: 8‑unit multifamily built in 1930 in French Park, Santa Ana; All units are 1 bedroom, 1 bath (8 units total); Gross potential rents are $191,520 based on 8 units @ $1,995
