1409 W Lingan Ln

Property feature image
Address: 1409 W Lingan Ln, Santa Ana, California, US
Created date: June 14, 2023
Date last updated: September 27, 2023

Property Description

1409 West Lingan Lane is an 11-unit multifamily investment property located in Santa Ana, California. Situated on a 0.25-acre lot, 1409 West Lingan Lane consists of one and two-bedroom units and includes amenities such as gated pedestrian access, a central courtyard, garage parking, and on-site laundry. There is potential for new ownership to further increase cash flow through the conversion of the current laundry facility into an accessory dwelling unit (ADU). 1409 West Lingan Lane is within walking distance of the Bristol Swap Mall, offering nearly 60,000 square feet of retail space and over 50 stores, providing residents with convenient access to a variety of retail, dining, and entertainment options. Additionally, the property is located just over 1 mile from Downtown Santa Ana and the bustling 4th Street Market, which grants residents easy access to the City's civic center as well as a trendy, local culinary hub. 1409 West Lingan Lane is within a 1-mile radius of numerous education centers such as Martin Luther King Jr. Elementary School, Carr Intermediate School, Valley High School, and Mater Dei High School. The property is just 1.20 miles from Centennial Regional Park, a sprawling community center that spans just over 69 acres, providing residents easy access to a number of outdoor activities. Furthermore, 1409 West Lingan Lane is just over 3 miles from the Interstate 5 and State Route 55 Interchange.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Garden Style
Price: $3,200,000
No. of Units: 11
Cap Rate: 5.55%
Year Built: 1959
Building Size: 8,543 Sq ft
Lot Size: 10,890.00 Sq ft
No. of Stories: 2
Opportunity Zone: No
Price per unit: $290,909
Address: 1409 W Lingan Ln

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent

FINANCIAL DETAILS

Income/expense info: Actual

Similar Properties in the Area

3 ACRES in Downtown Coral Springs

Coral Springs , Florida
Florida & Gulf Coast + Apartments
Units: 53
Price: $13,000,000

811 S Wilton Pl

Los Angeles , California
California & West + Apartments
Units: 10
Price: $1,900,000

3791 Marlborough Avenue

San Diego , California
California & West + Apartments
Units: 5
Price: $1,375,000
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
popup background image