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921 N Lacy Street

Santa Ana, CA 92701
  • $1,889,500
  • STATUS: Active
  • ON SITE: 510 Days
  • MLS #: PW25101861
Price Reduced
UPDATED: 62 min ago
$1,889,500
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1932
County:

School Ratings & Info

Listing Agent(s): Albert Ricci of Ricci Realty (714-633-3600)


Description

Great Value Add opportunity in the French Park neighborhood in Santa Ana. 8 units, all 1 bed 1 bath. Profitable laundry room. May qualify for the Mills Act property tax act, check with the city.POTENTIAL MARKET RENTS ARE $191, 520/ YEAR - 8 UNITS AT $1,995Actual rents are $130, 056Part of a portfolio of 4 contiguous properties.Offer subject to all beneficiaries approval.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-06T13:32:44.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/163775891
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921 N Lacy Street Santa Ana, CA 92701

  • Price: $1,889,500
  • Status: Active
  • On Site: 510 Days
  • Updated: 62 min ago
  • MLS #: PW25101861
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1932
Built
Neighborhood:
70 - Santa Ana North of First
County:
Orange
Area:
70 - Santa Ana North of First
Property Description
Great Value Add opportunity in the French Park neighborhood in Santa Ana. 8 units, all 1 bed 1 bath. Profitable laundry room. May qualify for the Mills Act property tax act, check with the city.POTENTIAL MARKET RENTS ARE $191, 520/ YEAR - 8 UNITS AT $1,995Actual rents are $130, 056Part of a portfolio of 4 contiguous properties.Offer subject to all beneficiaries approval.
Exterior Features

Construction Materials Stucco Entry Level 2 Lot Features 0-1 Unit/Acre

Property Features

Additional Parcels YN No Business Type Multi-Tenant Cap Rate 5.3 Common Interest Community Apartment Current Financing None Electric Standard Electric Expense 1920 Exclusions All tenants personal property. Gross Scheduled Income 146016 Insurance Expense 4000 Land Lease YN No Laundry Features Common AreaIn GarageLaundry RoomOutside Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 104339 Number Of Units Leased 8 Operating Expense 41677 Property Sub Type Multi Family Special Listing Conditions StandardTrust Trash Expense 5304 Utilities Electricity AvailableElectricity ConnectedSewer AvailableSewer ConnectedWater AvailableWater Connected Vacancy Allowance 4151 Vacancy Allowance Rate 3 Water Sewer Expense 2520 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-06T13:32:44.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Albert Ricci of Ricci Realty (714-633-3600)