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Berkshire Hathaway Homeservices California Properties
1221 N Lacy Street, Santa Ana, CA 92701
- $1,200,000
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- OC26224237
- Year Built
- 1948
- Lot Size
- 6,800
- Acres
- 0.16
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
Property Description
Presenting 1221-1227 N Lacy Street, a value-add four-unit multifamily property in Santa Ana’s historic French Park neighborhood. Offered for the first time in more than 20 years, the property gives an investor a rare chance to acquire a well-located asset close to Downtown Santa Ana. The property consists of four two-bedroom, one-bath units, each with a garage space, open parking, and access to an on-site laundry facility. The interiors are largely original. This creates a value-add opportunity for an investor who plans to renovate units as they turn over. The property also offers a potential ADU opportunity. Buyer must verify with the City of Santa Ana. The property is approximately 0.9 miles from Downtown Santa Ana and its restaurants, entertainment, and employment base. It is also approximately 0.3 miles from the planned Santa Ana Blvd and Lacy St station on the OC Streetcar line. Residents have convenient access to the I-5 freeway and the Santa Ana Regional Transportation Center.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $89,112
- Operating Expense
- 34992
Listing courtesy of Listing Agent: Justin Butler (justin@kig-usa.com) from Listing Office: Kirklen Investment Group.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.