1423 Lingan Ln - Apartments FOR SALE


Santa Ana, CA 92704- Mid-City
$2,050,000 USD
949-681-8388
1423 Lingan Ln, Santa Ana, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/16
null | 5.8% Cap Rate

1423 Lingan Ln
Santa Ana, CA 92704
Mid-City


HIGHLIGHTS

  • Garden-Style Two-Story Walkup Construction, Located in a Strong City of Santa Ana Rental Location, With Excellent Curb Appeal and RUBS Implemented
  • Interior Renovations: 6 of 8 - 1 Bed / 1 Bath Remodeled w/ Approx. $22,000 Cost Each; Includes New Cabinets, Counters, Flooring, Bath & Vanities
  • Exterior Renovation: New 2024 Copper Plumbing Re-pipe for $25,000, Most New Double Pane Vinyl Windows, New Exterior Paint & Landscaping
  • Gated Pedestrian Access, Pitched Composition Roofs, 8 Covered Carports w/ Additional Street Parking, Separate Electric, On-Site Laundry Room
  • Strong Santa Ana Rental Location at Bristol & McFadden Next to South Coast Plaza, MainPlace Mall, The Santa Ana Zoo, and Centennial Park
  • Centrally Located Between the I-405 and I-5 Freeway, Surrounded by a Varity of Shopping Centers and Entertainment Options

OVERVIEW

Mark Bridge at Matthews REIS™ is pleased to present the Lingan Lane Apartments located at 1423 Lingan Lane in a solid Santa Ana rental location. This garden-style two-story walkup is in great condition thanks to quality management and a strong pride of ownership. Six of the eight 1 bed / 1 bath units have been renovated at a cost of about $22,000 each unit. The building has gated pedestrian access, pitched composition roofs, covered carports parking, and on-site laundry. The units have garbage disposals, mostly new double-pane vinyl windows, and are separately metered for electricity. The buildings plumbing has been re-piped with copper plumbing at a cost of about $25,000, new exterior paint, and new landscaping that was installed in 2025. Ownership has also implemented a RUBS program to keep utility costs down. The strong City of Santa Ana location at Bristol & McFadden offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. Nearby are Main Place Mall, The Santa Ana Zoo, South Coast Plaza, Orange County Great Park, Irvine Regional Park, Centennial Park, and Riverview Golf Course. The overall demand for well-located apartments like this will be a key driver in the continued growth for the Lingan Lane Apartments in Santa Ana, California. Broker of Record - David Harrington - Lic# 02168060

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

8

PRICE/UNIT

$256,250

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,454 SF

ZONING

R3

APN/PARCEL ID

109-072-03

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.