2221 E Lenita Lane

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2221 E Lenita Lane

Santa Ana, CA 92705
Asking Price
$5.40M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Santa Ana.
  • The property encompasses 22 individual residential units.
  • Asking price for the multifamily investment is $5,400,000.
  • Located in an established Orange County residential submarket.
  • Positioned near regional transit access and major employment centers.

What's Special

This multifamily property consists of 22 units located at 2221 E Lenita Lane in Santa Ana, California. The asset serves as a residential apartment building situated within a prominent Orange County market that benefits from consistent demand for rental housing. Santa Ana remains a key economic hub in Southern California, anchored by a diverse mix of employers and robust regional infrastructure that supports long-term growth. Investors looking to expand their footprint in a supply-constrained residential market will find this property well-positioned for traditional multifamily operations. The site provides proximity to major transportation corridors and local services, making it a viable choice for tenants seeking convenience within the metro area. This asset represents a straightforward opportunity to acquire a multi-unit investment in a stable suburban environment.

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NOI
$80,000
Cap Rate
1.48%
DSCR
0.25
Underwater
Cash-on-Cash
-14.85%
Monthly Payment
$26,716.254
Annual Cash Flow
$-240,595.044

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