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    1409 W Lingan Lane

    Santa Ana, CA 92704
    • $2,900,000
    • STATUS: Active
    • ON SITE: 141 days
    • ID#: OC20062845
    UPDATED: 71 min ago
    $2,900,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,543
      SQFT
    • $339
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    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 entry, a central courtyard, garage parking, and on-site laundry. The Property is situated near schools, parks, and retail centers and is one and one half miles from Downtown Santa Ana.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-14T08:27:04.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/104503365
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    1409 W Lingan Lane Santa Ana, CA 92704

    • Price: $2,900,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: OC20062845
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    8,543
    SQFT
    $339
    $/SQFT
    1959
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    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 entry, a central courtyard, garage parking, and on-site laundry. The Property is situated near schools, parks, and retail centers and is one and one half miles from Downtown Santa Ana.
    Exterior Features

    Garage Spaces 11.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 11.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet Lights Country Us Electric Expense 3531.00 Elevation Units Feet Fuel Expense 3531.00 Gross Income 219050.00 Gross Operating Income 212521.00 Gross Scheduled Income 219050.00 Insurance Expense 3300.00 Land Lease YN No Laundry YN Yes Maintenance Expense 5500.00 Net Operating Income 147145.00 New Construction YN No New Taxes Expense 35390.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 11 Operating Expense 65377.00 Other Expense 5340.00 Other Expense Description Other Other Income1 1430.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 18135.00 Total Expenses 65377.00 Trash Expense 5252.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3531.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-14T08:27:04.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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