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Investment Highlights

  • French Park

Executive Summary

Great Value Add Opportunity in French Park

Attachments

925 N Lacy St OM

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $190,833 $34.76
Other Income - -
Vacancy Loss $5,725 $1.04
Effective Gross Income $185,108 $33.72
Taxes $42,844 $7.80
Operating Expenses $25,431 $4.63
Total Expenses $68,274 $12.44
Net Operating Income $116,834 $21.28

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $190,833
Annual Per SF $34.76
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $5,725
Annual Per SF $1.04
Effective Gross Income (CAD)
Annual $185,108
Annual Per SF $33.72
Taxes (CAD)
Annual $42,844
Annual Per SF $7.80
Operating Expenses (CAD)
Annual $25,431
Annual Per SF $4.63
Total Expenses (CAD)
Annual $68,274
Annual Per SF $12.44
Net Operating Income (CAD)
Annual $116,834
Annual Per SF $21.28

Property Facts

Price $2,831,164 CAD
Price Per Unit $353,896 CAD
Sale Type Investment
Cap Rate 4.13%
Gross Rent Multiplier 14.8
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 5,490 SF
Average Occupancy 100%
No. Stories 2
Year Built 1930
Parking Ratio 1.03/1,000 SF
Opportunity Zone Yes

Amenities

  • Smoke Detector

Unit Amenities

  • Ceiling Fans
  • Kitchen
  • Window Coverings

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 600
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
398-032-02
Land Assessment
$3,183,711 CAD
Improvements Assessment
$340,889 CAD
Total Assessment
$3,524,600 CAD
Annual Taxes
$42,844 CAD ($7.80 CAD/SF)
Tax Year
2025
  • Listing ID: 35852444

  • Date on Market: 2025-05-14

  • Last Updated:

  • Address: 925 N Lacy St, Santa Ana, CA 92701

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