1423 Lingan Lane, Santa Ana, CA 92704
  • MLS#: OC25067410 ( Commercial/Residential )
  • Street Address: 1423 Lingan Lane
  • Viewed: 4
  • Price: $2,050,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 29
  • Additional Information
  • County: ORANGE
  • City: Santa Ana
  • Zipcode: 92704
  • Subdivision: Other (othr)
  • Provided by: Mark Bridge, Broker
  • Contact: Mark Mark
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present the Lingan Lane Apartments located at 1423 Lingan Lane in a solid Santa Ana rental location. This garden style two story walkup is in great condition thanks to quality management and a strong pride of ownership. Six of the eight 1 bed / 1 bath units have been renovated at a cost of about $22,000 each unit. The building has gated pedestrian access, pitched composition roofs, covered carports parking, and on site laundry. The units have garbage disposals, mostly new double pane vinyl windows, and are separately metered for electricity. The buildings plumbing has been re piped with copper plumbing at a cost of about $25,000, new exterior paint, and new landscaping that was installed in 2025. Ownership has also implemented a RUBS program to keep utility costs down. The strong City of Santa Ana location at Bristol & McFadden offers an investor the ability to attract quality residents seeking a well located residence with convenient access to a wide variety of activities and retail amenities. Nearby are Main Place Mall, The Santa Ana Zoo, South Coast Plaza, Orange County Great Park, Irvine Regional Park, Centennial Park, and Riverview Golf Course. The overall demand for well located apartments like this will be a key driver in the continued growth for the Lingan Lane Apartments in Santa Ana, California.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Appliances
  1. Disposal
  2. Gas Oven
  3. Gas Range
  4. Gas Cooktop
Building Area Total
  1. 4584.00
Carport Spaces
  1. 8.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Drywall Walls
  2. Frame
  3. Stucco
Country
  1. US
Electric Expense
  1. 1200.00
Fencing
  1. Wrought Iron
Foundation Details
  1. Slab
Fuel Expense
  1. 4500.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2400.00
Have
  1. 8 Units | Great Conditon | 5.8% CAP
Heating
  1. Wall Furnace
Insurance Expense
  1. 5500.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
Laundry Income
  1. 1340.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 118983.00
Newtaxesexpense
  1. 24908.00
Otherexpense
  1. 5000.00
Otherexpensedescription
  1. Reserves
Otherincome1
  1. 9600.00
Otherincomedescription
  1. RUBS (Utility Reimbursement)
Parcel Number
  1. 10907203
Parking Features
  1. Assigned
Pest Control Expense
  1. 900.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Updated/Remodeled
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Composition
  2. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 435112920:CRM
Spa Features
  1. None
Subdivision Name Other
  1. Mid-city
Tenant Pays
  1. Electricity
Totalexpenses
  1. 58408.00
Trash Expense
  1. 4500.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Connected
  5. Sewer Connected
  6. Water Connected
Vacancyallowance
  1. 3397
Water Sewer Expense
  1. 5500.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Year Built
  1. 1959
Year Built Source
  1. Assessor