First Team Real Estate Logo

Santa Ana, CA 92704 1409 W Lingan Lane

$3,150,000

1409 W Lingan Lane Santa Ana, Ca - Image 11409 W Lingan Lane Santa Ana, Ca - Image 21409 W Lingan Lane Santa Ana, Ca - Image 3
2 more
1409 W Lingan Lane Santa Ana, Ca - Image 41409 W Lingan Lane Santa Ana, Ca - Image 51409 W Lingan Lane Santa Ana, Ca - Image 6
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086
  • MLS# OC24027408
  • 02/07/2024
  • Request Tour
  • Request Info
  • BedBeds • 20
  • BathBaths • 2
  • FootageSQFT • 8,543
  • GarageGarage • 11

Home Details

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.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086

Interior Features for 1409 W Lingan Lane

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixLane
Total Stories2

Other Rooms

Entry Level1

General for 1409 W Lingan Lane

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.5
Carport Y/NNo
CitySanta Ana
Community FeaturesCurbs, Gutters, Sidewalks
CountyOrange
Days on Market1
DirectionsCross streets of W Lingan Ln & S Pacific Ave
Electric Expense1820.0
Entry LocationFirst level
Fuel Expense4400.0
Garage Spaces11.0
Garage Y/NYes
Gross Income249703.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense5868.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet10890.0
MLS Area699 - Not Defined
MaintenanceExpense6600.0
MobileHomeRemainsYNNo
Net Operating Income173141.0
New ConstructionNo
Operating Expense69179.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameLingan
Tax Lot4
Taxes$35,285
Total Units11
Trash Expense3686.0
View Y/NNo
Water Sewer Expense3686.0
Waterfront Y/NNo
Year Built1959
Year Built SourceAssessor

Exterior for 1409 W Lingan Lane

Building Area Total8543.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.25
Lot Size Area0.25
Lot Size SourceAssessor
Lot Size UnitsAcres
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking11.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,150,000
MLS#OC24027408
List Date 02/07/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 1409 W Lingan Lane

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors