2221 E Lenita Lane, Santa Ana, CA 92705
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
2221 E Lenita Lane,Santa Ana, CA 92705
$5,400,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: gary tolfa
Office: triqor group
MLS#:PW25262411
Source:San Diego MLS via CRMLS
Price summary
- Price:$5,400,000
About this home
IMPORTANT TO NOTE: 11 OF THE 1-BEDROOMS ARE LARGE 729 SQFT. UNITS WITH DENS. THE DENS ARE UTILIZED AS A SECOND BEDROOM AND RENTS ARE CLOSER TO A 2-BEDROOM RENTAL LEVEL! 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 6.7% cap rate on existing income, with a proforma cap rate of 8.7%. 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
- Listing ID #:PW25262411
- Added:222 day(s) ago
- Updated:June 29, 2026 at 02:07 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Heating and cooling
- Heating:Forced Air Unit
Structure and exterior
- Levels:1 Story
Finances and disclosures
- Price:$5,400,000
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