1409 W Lingan Lane

    Santa Ana, CA 92704
    • $2,650,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: OC19066841
    UPDATED: 32 min ago
    $2,650,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,543
      SQFT
    • $310
      $/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. Built in 1959, 1409 West Lingan Lane offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 13 percent. Situated on a 0.25 acre lot, the property consists of one- and two-bedroom floor plans. 1409 West Lingan Lane is a gated property and includes amenities such as a central courtyard, garage parking, and on-site laundry. The property is situated near schools, parks, and major transportation routes.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/93055784

    1409 W Lingan Lane Santa Ana, CA 92704

    • Price: $2,650,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: OC19066841
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    8,543
    SQFT
    $310
    $/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. Built in 1959, 1409 West Lingan Lane offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 13 percent. Situated on a 0.25 acre lot, the property consists of one- and two-bedroom floor plans. 1409 West Lingan Lane is a gated property and includes amenities such as a central courtyard, garage parking, and on-site laundry. The property is situated near schools, parks, and major transportation routes.
    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 Building Area Units Square Feet Community Features SidewalksStreet Lights Country Us Electric Expense 3237.00 Elevation Units Feet Fuel Expense 3237.00 Gross Income 204050.00 Gross Operating Income 197971.00 Gross Scheduled Income 204050.00 Insurance Expense 3300.00 Land Lease YN No Laundry YN Yes Maintenance Expense 5500.00 Net Operating Income 137943.00 New Construction YN No New Taxes Expense 31908.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 11 Operating Expense 60028.00 Other Expense 5340.00 Other Expense Description Other Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 16885.00 Total Expenses 60028.00 Trash Expense 4269.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3237.00 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 2019-06-25T19:36:45.46. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024