2221 E Lenita Lane, Santa Ana, CA 92705

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2221 E Lenita Lane,Santa Ana, CA 92705
$5,775,000
  • - Beds
  • - Baths
  • 16,897 sq. ft.
  • Multi-family
  • Active
Listed by: gary tolfa
Office: triqor group
MLS#:PW25262411
Source:CRMLS

Price summary

  • Price:$5,775,000
  • Price per sq. ft.:$341.78

About this home

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.

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Home facts

  • Year built:1969
  • Listing ID #:PW25262411
  • Added:2 day(s) ago
  • Updated:November 21, 2025 at 11:49 AM

Rooms and interior

  • Living area:16,897 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1969
  • Building area:16,897 sq. ft.
  • Lot area:0.66 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,775,000
  • Price per sq. ft.:$341.78
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