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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 - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$143,184
|
$24.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,137
|
$0.72
|
| Effective Gross Income |
$139,047
|
$24.24
|
| Taxes |
$23,025
|
$4.01
|
| Operating Expenses |
$19,072
|
$3.32
|
| Total Expenses |
$42,097
|
$7.34
|
| Net Operating Income |
$96,950
|
$16.90
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $143,184 |
| Annual Per SF | $24.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,137 |
| Annual Per SF | $0.72 |
| Effective Gross Income | |
|---|---|
| Annual | $139,047 |
| Annual Per SF | $24.24 |
| Taxes | |
|---|---|
| Annual | $23,025 |
| Annual Per SF | $4.01 |
| Operating Expenses | |
|---|---|
| Annual | $19,072 |
| Annual Per SF | $3.32 |
| Total Expenses | |
|---|---|
| Annual | $42,097 |
| Annual Per SF | $7.34 |
| Net Operating Income | |
|---|---|
| Annual | $96,950 |
| Annual Per SF | $16.90 |
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 |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 398-032-03 | Total Assessment | $1,860,000 |
| Land Assessment | $1,605,217 | Annual Taxes | $23,025 ($4.01/SF) |
| Improvements Assessment | $254,783 | Tax Year | 2025 |
Property Taxes
Parcel Number
398-032-03
Land Assessment
$1,605,217
Improvements Assessment
$254,783
Total Assessment
$1,860,000
Annual Taxes
$23,025 ($4.01/SF)
Tax Year
2025
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French Park Mediterranean 8 Plex | 921 N Lacy St
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