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1409 W Lingan Lane

Santa Ana, CA 92704
  • $3,150,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: OC24027408
UPDATED: 63 min ago
$3,150,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)


Description

1409 West Lingan Lane is an 11-unit multifamily investment property located in Santa Ana, California. Situated on a 0.25-acre lot, 1409 West Lingan Lane consists of one and two-bedroom units and includes amenities such as gated pedestrian access, a central courtyard, garage parking, and an on-site laundry facility. There is potential for new ownership to further increase cash flow through the conversion of the current laundry facility into an accessory dwelling unit (ADU). 1409 West Lingan Lane is within walking distance of the Bristol Swap Mall, offering nearly 60,000 square feet of retail space and over 50 stores, providing residents with convenient access to a variety of retail, dining, and entertainment options. Additionally, the property is located just over 1 mile from Downtown Santa Ana and the bustling 4th Street Market, which grants residents easy access to the Citys civic center as well as a trendy, local culinary hub.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-27T00:27:34.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147372842
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1409 W Lingan Lane Santa Ana, CA 92704

  • Price: $3,150,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 63 min ago
  • ID#: OC24027408
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1959
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
1409 West Lingan Lane is an 11-unit multifamily investment property located in Santa Ana, California. Situated on a 0.25-acre lot, 1409 West Lingan Lane consists of one and two-bedroom units and includes amenities such as gated pedestrian access, a central courtyard, garage parking, and an on-site laundry facility. There is potential for new ownership to further increase cash flow through the conversion of the current laundry facility into an accessory dwelling unit (ADU). 1409 West Lingan Lane is within walking distance of the Bristol Swap Mall, offering nearly 60,000 square feet of retail space and over 50 stores, providing residents with convenient access to a variety of retail, dining, and entertainment options. Additionally, the property is located just over 1 mile from Downtown Santa Ana and the bustling 4th Street Market, which grants residents easy access to the Citys civic center as well as a trendy, local culinary hub.
Exterior Features

Entry Level 1 Entry Location First level Lot Features Street Level Number Of Separate Electric Meters 11 Parking Total 11 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.5 Common Interest Community Apartment Community Features CurbsGutter(s)Sidewalks Electric Expense 1820 Fuel Expense 4400 Garage YN Yes Gross Income 249703 Gross Scheduled Income 246103 Insurance Expense 5868 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 6600 Net Operating Income 173141 New Construction YN No New Taxes Expense 35285 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Operating Expense 69179 Other Expense 7834 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3686 Vacancy Allowance 7383 Vacancy Allowance Rate 3 Water Sewer Expense 3686 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-27T00:27:34.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)