2221 E Lenita Ln

Santa Ana, CA 92705
  • $5,775,000

    Price
  • 6

    Bed
  • 5

    Bath
  • 16,897

    SqFt

About the Listing PB7936 - PTOLFGAR

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.

Listing Highlights

Status Active
Days on Site 26
Property Type Multi-Family
MLS ® PW25262411
Year Built 1969
Total Square Footage 16,897
Lot/Acreage 0.66

Interior Details

  • Bedrooms: 6
  • Bathrooms: 5 Full
  • Appliances:
  • Air Cond:
  • Heating: Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: Irregular Lot,No Land Lease
  • Garage Capacity: N/A
  • Parking Spaces: 27
  • Roof:
  • Others: 2+ Total Units
  • Sewer: Public Sewer

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 93095401
  • Tax Year: N/A

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Questions About..

2221 E Lenita Ln Santa Ana, CA 92705

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Originating MLS: CRMLS

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