1423 W Lingan Lane, Santa Ana, CA 92704
- $1,840,000
- Sold Price
- $1,840,000
- List Price
- $1,895,000
- Closing Date
- Sep 23, 2025
- Status
- CLOSED
- MLS#
- OC25067410
- Year Built
- 1959
- Lot Size
- 7,405
- Acres
- 0.17
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 129
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Mid-City
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 Lingan Lane Apartments in Santa Ana, California.
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Additional Information
- Appliances
- Gas Cooktop, Disposal, Gas Oven, Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Exterior Construction
- Drywall, Frame, Stucco
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $180,056
- Operating Expense
- 54672
Listing courtesy of Listing Agent: Mark Bridge (Mark.Bridge@matthews.com) from Listing Office: Mark Bridge, Broker.
Listing sold by Julie Dong from Guoli Dong, Broker
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.