2221 E Lenita Lane, Santa Ana, CA 92705 – CRPW25262411

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by Gary Tolfa • Triqor Group

$5,775,000

Est. payment - /mo

16,897 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 16,897 sqft

Price per Sqft $341

MLS Listing ID CRPW25262411

HOA Y/N No

Year Built 1969

Lot Size 0.659 Acres

Property Sub-Type Other

Source Datashare California Regional

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

Interior

Heating Forced Air

Fireplace No

Laundry Other

Building

Lot Description Irregular Lot

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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2221 E Lenita Lane Santa Ana, CA 92705

Sean Beattie Jr.

Key Details

Location

Interior

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