1221 N Lacy St, Santa Ana, CA for sale

Investment Overview

Kirklen Investment Group is pleased to present 1221-1227 N Lacy Street, a value-add four-unit multifamily property in Santa Ana’s historic French Park neighborhood. Offered for the first time in more than 20 years, the property gives an investor a rare chance to acquire a well-located asset close to Downtown Santa Ana. The property consists of four two-bedroom, one-bath units, each with a garage space, open parking, and access to an on-site laundry facility. The interiors are largely original. This creates a value-add opportunity for an investor who plans to renovate units as they turn over. The property also offers a potential ADU opportunity. Buyer must verify with the City of Santa Ana. The property is approximately 0.9 miles from Downtown Santa Ana and its restaurants, entertainment, and employment base. It is also approximately 0.3 miles from the planned Santa Ana Blvd and Lacy St station on the OC Streetcar line. Residents have convenient access to the I-5 freeway and the Santa Ana Regional Transportation Center.

Investment Highlights

• Value-add multifamily opportunity, offered for the first time in more than 20 years
• Four large two-bedroom, one-bath units of ±929 SF each, in Santa Ana’s historic French Park neighborhood
• Largely original interiors, with renovation upside as units turn over
• Potential ADU opportunity, buyer to verify with the City of Santa Ana
• Garage and open parking for each unit, plus on-site laundry
• Approximately 0.9 miles from Downtown Santa Ana and 0.3 miles from the planned OC Streetcar station