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French Park Mediterranean 8 Plex 921 N Lacy St 8 Unit Apartment Building $2,747,734 CAD ($343,467 CAD/Unit) 4.86% Cap Rate Santa Ana, CA 92701
INVESTMENT HIGHLIGHTS
- Located In French Park
- Potential
EXECUTIVE SUMMARY
Amazing Mediterranean style 8 Plex located in French Park in Santa Ana. Long time owner operated multifamily has been beautifully maintained with an established tenant base. This 8 Plex is for sale alongside the adjoining properties at 925 N Lacy & 502 E Wellington St. Can be bought together as part of a bulk sale or seperate.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$189,920
|
$33.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$189,920
|
$33.11
|
| Taxes |
$30,225
|
$5.27
|
| Operating Expenses |
$26,268
|
$4.58
|
| Total Expenses |
$56,493
|
$9.85
|
| Net Operating Income |
$133,427
|
$23.26
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $189,920 |
| Annual Per SF | $33.11 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $189,920 |
| Annual Per SF | $33.11 |
| Taxes (CAD) | |
|---|---|
| Annual | $30,225 |
| Annual Per SF | $5.27 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,268 |
| Annual Per SF | $4.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,493 |
| Annual Per SF | $9.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $133,427 |
| Annual Per SF | $23.26 |
PROPERTY FACTS
| Price | $2,747,734 CAD | Building Class | C |
| Price Per Unit | $343,467 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,736 SF |
| Cap Rate | 4.86% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.46 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1932 |
| Property Type | Multifamily | Parking Ratio | 1.05/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $2,747,734 CAD |
| Price Per Unit | $343,467 CAD |
| Sale Type | Investment |
| Cap Rate | 4.86% |
| Gross Rent Multiplier | 14.46 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,736 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1932 |
| Parking Ratio | 1.05/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Kitchen
- Tub/Shower
- Dining Room
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $2,748 CAD | 656 |
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 398-032-03 | Total Assessment | $2,610,994 CAD (2025) |
| Land Assessment | $2,253,339 CAD (2025) | Annual Taxes | $30,225 CAD ($5.27 CAD/SF) |
| Improvements Assessment | $357,654 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
398-032-03
Land Assessment
$2,253,339 CAD (2025)
Improvements Assessment
$357,654 CAD (2025)
Total Assessment
$2,610,994 CAD (2025)
Annual Taxes
$30,225 CAD ($5.27 CAD/SF)
Tax Year
2024
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French Park Mediterranean 8 Plex | 921 N Lacy St
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