1409 W Lingan Lane Santa Ana, CA ^$ 3,150,000

1409 W Lingan Lane

^$ 3,150,000

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1409 W Lingan Lane

Santa Ana, CA, 92704

^$ 3,150,000

Bedrooms20 Baths2.0 Sq 8,543

Monthly Estimate*

^$ 20,936

Listed by Marcus & Millichap RE Invest

1409 W Lingan Lane, Santa Ana, CA 92704 - Image 1

1409 W Lingan Lane, Santa Ana, CA 92704 - Image 2

1409 W Lingan Lane, Santa Ana, CA 92704 - Image 3

1409 W Lingan Lane, Santa Ana, CA 92704 - Image 4

1409 W Lingan Lane, Santa Ana, CA 92704 - Image 5

1409 W Lingan Lane, Santa Ana, CA 92704 - Image 6

1409 W Lingan Lane, Santa Ana, CA 92704 - Image 7

Multi-Family Home for sale in Santa Ana, CA

for $3,150,000 with 20 bedrooms and 2 full baths. This 8,543 square foot home was built in 1959 on a lot size of 0.25.

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 an on-site laundry facility. 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.

Multi-Family Active

Price

^$ 3,150,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.25

Year Built

1959

Town/City

Santa Ana

County/Region

Orange

MLS | Web ID

OC24027408

Days on Market

111

Features

General

Sewer PublicSewer

HOA 0.0

Garage Spaces 11.0

Pool Features None

Year Built 1959

Stories 2

Levels Two

Property SubType Apartment

Gross Income 249703.0

Community Features Curbs Gutters Sidewalks

County Orange

Net Operating Income 173141.0

Operating Expense 69179.0

Insurance Expense 5868.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Cross streets of W Lingan Ln & S Pacific Ave

City Santa Ana

Entry Location First level

View Y/N N

Senior Community Y/N N

Total Units 11

MLS Area 699 - Not Defined

Lot Size Square Feet 10890.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Lingan

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 1820.0

Home Warranty Y/N N

Fuel Expense 4400.0

Trash Expense 3686.0

Water Sewer Expense 3686.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 1

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 4

Property Sub Type Additional Apartment

Taxes 35285.0

Cap Rate 5.5

Exterior

Lot Features StreetLevel

Water Source Public

Total Parking 11.0

Lot Size Area 0.25

Number of Buildings 1

Spa N

Building Area Total 8543.0

Lot Size Acres 0.25

Lot Size Units Acres

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 11

Number of Separate Electric Meters 11

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Lane

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1409

* Excluded Features

List By

Marcus & Millichap Re Invest

Broker

(714) 713-9086

Phone

Affordability Calculator

$20,936

Per Month

Monthly Principal & Interest: $20,936
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Santa Ana, CA

Average List Price ^$1,652,589

Percent of Sale Price 48%

About Santa Ana, CA

331,906 Population

-2% Since 2002

^$55,844 Median Income

32.48 Median Age

43% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/8/2024	$3,150,000		Listed Price

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1409 W Lingan Lane, Santa Ana, CA, 92704 is a Multi-Family Home for sale at $3,150,000 with 8,543 sqft and a lot size of 0.25. 1409 W Lingan Lane has 20 bedrooms, 2.0 baths, and was built in 1959. The property's zip code is 92704 which is in Santa Ana, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1409 W Lingan Lane

Multi-Family Home for sale in Santa Ana, CA

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