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Listed by Mark Bridge • Mark Bridge, Broker
$ 2,050,000
Est. payment | /mo
$ 2,050,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25067410
Originating Board California Regional MLS
Year Built 1959
Property 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 L
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Kitchen Garbage Disposal, Other, Oven Range - Gas, Oven - Gas
Interior
Heating Wall Furnace
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Assigned Spaces
Garage Spaces 8.0
Pool 31, None
Roof Type Shingle,Composition
Building
Foundation Concrete Slab
Water District - Public
Others
Tax ID 10907203
Special Listing Condition Not Applicable
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037