833 N Lacy St - Apartments FOR SALE


Santa Ana, CA 92701
$2,395,000 USD
714-633-3600
833 N Lacy St, Santa Ana, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/29
null | 5% Cap Rate

833 N Lacy St
Santa Ana, CA 92701


HIGHLIGHTS

  • Corner Lot
  • Value-Add Opportunity
  • On-Site Coin-Op Laundry

OVERVIEW

Great Value-Add opportunity in the renowned French Park neighborhood in Santa Ana. Located 1 block away from East Civic Center Drive. Be right in the action of the redevelopment going on in Downtown Santa Ana. This is a pair of fourplexes, one facing 506 Vance St and one facing 833 N Lacy. Both have a similar layout: eight one-bedroom floorplans with an eat-in kitchen, living room, and full bathroom. There are four ground-level units and four units on the second level, all with individual access. A third building houses the community/coin-op washer and dryer; the washer/dryer units are leased. Seven one-car garage spaces are available for tenant use; three face the alley towards the North East, and four face Vance St on the North West Side. The units' flooring is a combination of laminate tile and vinyl flooring, and countertops are tile. All tenants are on a month-to-month tenancy.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

8

PRICE/UNIT

$299,375

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

French Park 2 On A Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,900 SF

ZONING

SD-19

APN/PARCEL ID

398-042-01

ASK ABOUT THIS PROPERTY

Albert RicciRicci RealtyMore Info
714-633-3600

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Albert RicciRicci RealtyMore Info
714-633-3600

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