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French Park Mediterranean 8 Plex 921 N Lacy St 8 Unit Apartment Building $2,719,065 CAD ($339,883 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 |
$187,939
|
$32.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$187,939
|
$32.76
|
| Taxes |
$29,910
|
$5.21
|
| Operating Expenses |
$25,994
|
$4.53
|
| Total Expenses |
$55,904
|
$9.75
|
| Net Operating Income |
$132,035
|
$23.02
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $187,939 |
| Annual Per SF | $32.76 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $187,939 |
| Annual Per SF | $32.76 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,910 |
| Annual Per SF | $5.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,994 |
| Annual Per SF | $4.53 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $55,904 |
| Annual Per SF | $9.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $132,035 |
| Annual Per SF | $23.02 |
Property Facts
| Price | $2,719,065 CAD | Building Class | C |
| Price Per Unit | $339,883 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 | $2,719,065 CAD |
| Price Per Unit | $339,883 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 | $2,719 CAD | 656 |
Walk Score®
Very Walkable (88)
Property Taxes
| Parcel Number | 398-032-03 | Total Assessment | $2,539,160 CAD (2025) |
| Land Assessment | $2,191,346 CAD (2025) | Annual Taxes | $29,910 CAD ($5.21 CAD/SF) |
| Improvements Assessment | $347,814 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
398-032-03
Land Assessment
$2,191,346 CAD (2025)
Improvements Assessment
$347,814 CAD (2025)
Total Assessment
$2,539,160 CAD (2025)
Annual Taxes
$29,910 CAD ($5.21 CAD/SF)
Tax Year
2024
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French Park Mediterranean 8 Plex | 921 N Lacy St
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