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French Park Mediterranean 8 Plex 921 N Lacy St 8 Unit Apartment Building $1,995,000 ($249,375/Unit) 4.86% Cap Rate Santa Ana, CA 92701
INVESTMENT HIGHLIGHTS
- Located In French Park
- Potential
EXECUTIVE SUMMARY
Amazing Mediterranean style 8 Plex located in French Park in Santa Ana. Long time owner operated multifamily has been beautifully maintained with an established tenant base. This 8 Plex is for sale alongside the adjoining properties at 925 N Lacy & 502 E Wellington St. Can be bought together as part of a bulk sale or seperate.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$137,892
|
$24.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$137,892
|
$24.04
|
| Taxes |
$21,945
|
$3.83
|
| Operating Expenses |
$19,072
|
$3.32
|
| Total Expenses |
$41,017
|
$7.15
|
| Net Operating Income |
$96,875
|
$16.89
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $137,892 |
| Annual Per SF | $24.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $137,892 |
| Annual Per SF | $24.04 |
| Taxes | |
|---|---|
| Annual | $21,945 |
| Annual Per SF | $3.83 |
| Operating Expenses | |
|---|---|
| Annual | $19,072 |
| Annual Per SF | $3.32 |
| Total Expenses | |
|---|---|
| Annual | $41,017 |
| Annual Per SF | $7.15 |
| Net Operating Income | |
|---|---|
| Annual | $96,875 |
| Annual Per SF | $16.89 |
PROPERTY FACTS
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $249,375 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,736 SF |
| Cap Rate | 4.86% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.46 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1932 |
| Property Type | Multifamily | Parking Ratio | 1.05/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $1,995,000 |
| Price Per Unit | $249,375 |
| Sale Type | Investment |
| Cap Rate | 4.86% |
| Gross Rent Multiplier | 14.46 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,736 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1932 |
| Parking Ratio | 1.05/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Kitchen
- Tub/Shower
- Dining Room
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,995 | 656 |
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 398-032-03 | Total Assessment | $1,860,000 (2025) |
| Land Assessment | $1,605,217 (2025) | Annual Taxes | $21,945 ($3.83/SF) |
| Improvements Assessment | $254,783 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
398-032-03
Land Assessment
$1,605,217 (2025)
Improvements Assessment
$254,783 (2025)
Total Assessment
$1,860,000 (2025)
Annual Taxes
$21,945 ($3.83/SF)
Tax Year
2024
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French Park Mediterranean 8 Plex | 921 N Lacy St
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