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925 N Lacy St 8 Unit Apartment Building $1,995,000 ($249,375/Unit) 4.13% Cap Rate Santa Ana, CA 92701
Investment Highlights
- French Park
Executive Summary
Great Value Add Opportunity in French Park
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$134,472
|
$24.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,034
|
$0.73
|
| Effective Gross Income |
$130,438
|
$23.76
|
| Taxes |
$30,190
|
$5.50
|
| Operating Expenses |
$17,920
|
$3.26
|
| Total Expenses |
$48,110
|
$8.76
|
| Net Operating Income |
$82,328
|
$15.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $134,472 |
| Annual Per SF | $24.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,034 |
| Annual Per SF | $0.73 |
| Effective Gross Income | |
|---|---|
| Annual | $130,438 |
| Annual Per SF | $23.76 |
| Taxes | |
|---|---|
| Annual | $30,190 |
| Annual Per SF | $5.50 |
| Operating Expenses | |
|---|---|
| Annual | $17,920 |
| Annual Per SF | $3.26 |
| Total Expenses | |
|---|---|
| Annual | $48,110 |
| Annual Per SF | $8.76 |
| Net Operating Income | |
|---|---|
| Annual | $82,328 |
| Annual Per SF | $15.00 |
Property Facts
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $249,375 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,490 SF |
| Cap Rate | 4.13% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.8 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1930 |
| Property Type | Multifamily | Parking Ratio | 1.03/1,000 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 | 4.13% |
| Gross Rent Multiplier | 14.8 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,490 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 1.03/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Ceiling Fans
- Kitchen
- Window Coverings
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 600 |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 398-032-02 | Total Assessment | $2,500,000 |
| Land Assessment | $2,258,207 | Annual Taxes | $30,190 ($5.50/SF) |
| Improvements Assessment | $241,793 | Tax Year | 2025 |
Property Taxes
Parcel Number
398-032-02
Land Assessment
$2,258,207
Improvements Assessment
$241,793
Total Assessment
$2,500,000
Annual Taxes
$30,190 ($5.50/SF)
Tax Year
2025
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