Santa Ana, CA 92704 1423 W Lingan Lane

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Presented By: Mark Bridge with Mark Bridge, Broker; Mark.Bridge@matthews.com
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25067410
  • 03/28/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 1
  • SQFT • 4,584

Home Details

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.
Presented By: Mark Bridge with Mark Bridge, Broker; Mark.Bridge@matthews.com

Interior Features for 1423 W Lingan Lane

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 1423 W Lingan Lane

Additional Parcels Y/NNo
AppliancesGasCooktop, Disposal, GasOven, GasRange
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.44
Carport Spaces8.0
Carport Y/NYes
CitySanta Ana
Community FeaturesCurbs, Gutters, StormDrains, StreetLights, Suburban, Sidewalks
Construction MaterialsDrywall, Frame, Stucco
CountyOrange
Directions55 N, Edinger W, Bristol N, Wilshire W, Pacific N
Electric Expense1200.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense4500.0
Garage Spaces0.0
Garage Y/NNo
Gross Income180056.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense5500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet7405.2
Lot Size UnitsAcres
MLS Area69 - Santa Ana South of First
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income122001.0
New ConstructionNo
Number Of Units Total8
Operating Expense54672.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameMid-city
Tax Lot2
Taxes$21,227
Tenant PaysElectricity
Trash Expense4500.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
Water Sewer Expense5500.0
Year Built1959
Year Built SourceAssessor

Exterior for 1423 W Lingan Lane

Building Area Total4584.0
Crops Included Y/NNo
Exterior AmenitiesLighting
FencingWroughtIron
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.17
Lot Size Area0.17
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking8.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,895,000
MLS#OC25067410
List Date 03/28/2025
Property Type Multi-Family
Phone 714.742.6515
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