1423 W LINGAN LN

1423 W Lingan Ln, Santa Ana, CA 92704
$2,050,000

Cap Rate
5.8%
Units
8
Gross SQFT
4,584
Year Built
1959
Property Type
Apartments

EXECUTIVE SUMMARY

Matthews Real Estate Investment Services™ is 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 carport 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.


Broker of Record

  • David Harrington
  • License No. 02168060 (CA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 2321 Rosecrans Ave.,
    Suite 1225, El Segundo, CA 90245
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