925 N Lacy Street, Santa Ana, CA 92701
- Added:
- May 13, 2025
- Days on Market:
- 397
- Last Refresh:
- Jun 13 at 7:06 am
Property Features for 925 N Lacy Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 39803202
- Size
- 5,490 SF
Utilities
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1930
- 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
- 8‑unit multifamily in French Park, Santa Ana
- All units are 1 bedroom / 1 bathroom (8 units total)
- Year built: 1930
- Gross potential rents total $191,520 (8 units @ $1,995)
- Actual rents total $134,472 with long‑term tenants
Overview
The property is located at 925 N Lacy Street in Santa Ana, California 92701.
For investors and owner-operators seeking a small, manageable apartment building, the fixed 8-unit configuration and existing long-term tenant base provide a practical starting point for underwriting and operational planning. The provided rent figures support a straightforward comparison between current performance and gross potential, while the mention of Mills Act eligibility gives additional consideration for buyers evaluating total cost of ownership. Buyers should verify any tax program qualification directly with the city and review income and lease details as part of their due diligence.
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 | $207.5k | $37.80 |
| − Vacancy | −$9.1k | −$1.66 |
| EGI | $198.4k | $36.14 |
| − OpEx | −$89.3k | −$16.26 |
| NOI | $109.1k | $19.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Santa Ana
- County
- Orange
- State
- California
- Longitude
- -117.86302
- Latitude
- 33.7543026
