14972 Sand Canyon Ave

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Address: 14972 Sand Canyon Ave, Irvine, CA 92618, USA
California & West + Apartment Buildings
Created date: June 25, 2026
Date last updated: October 27, 2026
Price: $29,525,000Investment Analyzer NEW!
  • Permanent Housing Conversion Opportunity
  • High-demand Irvine, CA - Significant Recent Apartment Building Near the Property
  • City Planning has indicated a roadmap to Conversion to Permanent Housing
  • 88,239 SF building
  • 148 units
  • Built in 1986
  • Renovated in 2020
  • The property is listed on the National Register of Historic Places
  • Pro Forma 7.1 Cap Rate/8.11 Cap Rate for Non-Profit

Property Description

The Opportunity: The Property is offered for sale as a Potential Conversion to Permanent Housing. The City of Irvine has advised that the Current Zoning of the Property will allow for permanent residential use as a single-room occupancy (SRO) Facility, as well as other Potential Permanent uses through a Conditional Use Permit and/or ‘By Right’. The Property: The Property is currently operating as La Quinta® by Wyndham Irvine Spectrum. Situated on approximately 2 acres, the Property was built in 1989 and renovated in 2020. Comprising 148 Rooms, the two separate Buildings are joined and total approximately 89,389 Square Feet. The Rear Building is a former grain warehouse on the National Register of Historic Places.
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Broker Details

Luis Vazquez
Luis Vazquez

Sperry Commercial 310-704-9109

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $29,525,000
No. of Units: 148
Year Built: 1986
Lot Size: 2.00 Acres
Opportunity Zone: No
Price per unit: $199,493
Property Website Click Here
Address: 14972 Sand Canyon Ave , Irvine, CA 92618, USA
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