2221 E LENITA LANE, SANTA ANA CA 92705

  • 16,897 sq.ft.
  • 28,692 sq.ft. lot
offered at $5,775,000
MLS#:PW25262411
Status: Active // Property Type:
Project/Tract: Other // County: Orange // Year Built: 1969

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.

Listing Courtesy of Gary Tolfa, Triqor Group

Interior Features

Heating: Forced Air

Exterior Features

Exterior Features: Sidewalks
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • mahsa townsend
    Broker Associate |
    CalBRE# 01336533
    • cell 949.813.8999
    • office 949.612.2535
    email Mahsa

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