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Listed by Gary Tolfa • Triqor Group
$ 5,775,000
Est. payment /mo
Active
2221 E Lenita LN Santa Ana, CA 92705
0.66 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25262411
Year Built 1969
Lot Size 0.659 Acres
Source California Regional MLS
Property Description
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.
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Heating Forced Air
Laundry Laundry Area
Exterior
Garage Spaces 27.0
Pool None
Building
Lot Description Irregular
Story One Story
Water District - Public
Others
Tax ID 93095401
Special Listing Condition Not Applicable
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