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French Park Mediterranean 8 Plex 921 N Lacy St 8 Unit Apartment Building $2,796,392 CAD ($349,549 CAD/Unit) 5.20% 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 - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$204,671
|
$35.68
|
| Other Income |
$5,046
|
$0.88
|
| Vacancy Loss |
$5,818
|
$1.01
|
| Effective Gross Income |
$203,898
|
$35.55
|
| Taxes |
$32,274
|
$5.63
|
| Operating Expenses |
$26,145
|
$4.56
|
| Total Expenses |
$58,419
|
$10.18
|
| Net Operating Income |
$145,480
|
$25.36
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $204,671 |
| Annual Per SF | $35.68 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,046 |
| Annual Per SF | $0.88 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,818 |
| Annual Per SF | $1.01 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $203,898 |
| Annual Per SF | $35.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,274 |
| Annual Per SF | $5.63 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,145 |
| Annual Per SF | $4.56 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,419 |
| Annual Per SF | $10.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $145,480 |
| Annual Per SF | $25.36 |
Property Facts
| Price | $2,796,392 CAD | Building Class | C |
| Price Per Unit | $349,549 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,736 SF |
| Cap Rate | 5.20% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.6 | 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 | $2,796,392 CAD |
| Price Per Unit | $349,549 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 13.6 |
| 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 | $2,796 CAD | 656 |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 398-032-03 | Total Assessment | $2,641,591 CAD |
| Land Assessment | $2,279,745 CAD | Annual Taxes | $32,274 CAD ($5.63 CAD/SF) |
| Improvements Assessment | $361,845 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
398-032-03
Land Assessment
$2,279,745 CAD
Improvements Assessment
$361,845 CAD
Total Assessment
$2,641,591 CAD
Annual Taxes
$32,274 CAD ($5.63 CAD/SF)
Tax Year
2025
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French Park Mediterranean 8 Plex | 921 N Lacy St
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