CA > Santa Ana
Santa Ana, CA 92705,2221 E Lenita LN
Santa Ana, CA 92705,2221 E Lenita LN
Santa Ana, CA 92705,2221 E Lenita LN
Santa Ana, CA 92705,2221 E Lenita LN
Santa Ana, CA 92705,2221 E Lenita LN
Santa Ana, CA 92705,2221 E Lenita LN
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James Olvera

James Olvera

+1(909) 760-9091
$ 5,775,000
Est. payment | /mo

0.66 Acres Lot

Save
$ 5,775,000
Est. payment | /mo
Save

0.66 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25262411

HOA Y/N No

Year Built 1969

Lot Size 0.659 Acres

Property Sub-Type Apartment

Property Description

IMPORTANT TO NOTE: 11 OF THE 1-BEDROOMS ARE LARGE 729 SQFT. UNITS WITH DENS. THE DENS ARE UTILIZED AS A SECOND BEDROOM AND RENTS ARE CLOSER TO A 2-BEDROOM RENTAL LEVEL!

We are pleased to present Casa Los Amigos, a 22-Unit condo community, currently being operated as apartments, in the city of Santa Ana, CA.

The property features a mix of spacious 1 and 2-bedroom units, equipped with laminate wood flooring, balconies/patios, stainless steel sinks, gas wall heaters, wall a/c, and ceiling fans. The property amenities include controlled access, gated and covered parking (19 covered, 8 open), lush landscaping, and a shared laundry facility. The asset has been well maintained and professionally managed throughout ownership. Years prior, ownership converted and permitted the units into individually parceled condos, providing a buyer with the opportunity to sell the units individually. Casa Los Amigos currently generates a 5.6% cap rate on existing income, with a proforma cap rate of 8.0%. This well-maintained, pride-of-ownership asset offers investors strong in-place income with significant and flexible upside potential in an excellent location.

Location

State CA

County Orange

Area 70 - Santa Ana North Of First

Interior

Heating Forced Air

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 19

Pool None

Community Features Sidewalks

Total Parking Spaces 27

Private Pool No

Building

Lot Description Irregular Lot

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 93095401

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

CRMLS – RECore
Listed by Gary Tolfa Triqor Group gary@triqorgroup.com

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