2221 Lenita, Santa Ana CA 92705 | $5,400,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 28692 Lot Sq Ft
  • Type: Apartment
  • Stories: 2
  • Year Built: 1969
  • MLS#: PW25262411
  • Community: 70 - Santa Ana North of First

Listing provided courtesy of Gary Tolfa of Triqor Group. Last updated 2026-06-25 08:11:41.000000. Listing information © 2025 SANDICOR.

IMPORTANT TO NOTE: 11 OF THE 1-BEDROOMS ARE LARGE 729 SQFT. UNITS WITH DENS. THE DENS ARE UTILIZED AS A SECOND BEDROOM AND RENTS ARE CLOSER TO A 2-BEDROOM RENTAL LEVEL! We are pleased to present Casa Los Amigos, a 22-Unit condo community, currently being operated as apartments, in the city of Santa Ana, CA. The property features a mix of spacious 1 and 2-bedroom units, equipped with laminate wood flooring, balconies/patios, stainless steel sinks, gas wall heaters, wall a/c, and ceiling fans. The property amenities include controlled access, gated and covered parking (19 covered, 8 open), lush landscaping, and a shared laundry facility. The asset has been well maintained and professionally managed throughout ownership. Years prior, ownership converted and permitted the units into individually parceled condos, providing a buyer with the opportunity to sell the units individually. Casa Los Amigos currently generates a 6.7% cap rate on existing income, with a proforma cap rate of 8.7%. This well-maintained, pride-of-ownership asset offers investors strong in-place income with significant and flexible upside potential in an excellent location.

More Details

0.66 Acres
2 Stories

David Piper

Call or Text: 858-525-5007

DRE# 02021985