John E Burge

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2221 E Lenita LaneSanta Ana, CA 92705

Multi-Family · 16,897 Sq. ft. | 0.66 Acres
$5,400,000 Active

2221 E Lenita Lane Overview

Time on Site:
224 days
Visits:
0

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.

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2221 E Lenita Lane Facts & Features

  • Type Multi-Family
  • Sq. ft. 16,897
  • Price/Sq.ft. $320
  • Lot 0.66 Acres

Details

General

Association/HOA

  • Common Interest: Community Apartment

Income/Expenses

  • Gross Income: 554796.0
  • Gross Scheduled Income: 571954.0
  • Net Operating Income: 362068.0
  • Operating Expense: 192727.0

Building Information

  • New Construction: No
  • Year Built: 1969

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: 70 - Santa Ana North of First
  • Postal City: SANTA ANA
  • Subdivision Name: Other

Community/Development

  • Community Features: Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Conventional
  • Parcel Number: 93095401
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 16897.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Laundry Features: Common Area
  • Levels: One
  • Stories: 1
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking Spaces: 8.0
  • Parking Total: 27.0

Lot Information

  • Additional Parcels Description: 93095402,93095403,93095404,93095405,93095406,93095407,93095408,93095409,930954010,930954011,930954012,930954013,930954014,930954015,930954016,930954017,930954018,930954019,930954020,930954021
  • Additional Parcels: Yes
  • Lot Features: Irregular Lot
  • Lot Size Acres: 0.6587
  • Lot Size Area: 28692.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 28692.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Carport Spaces: 19.0
  • Carport: Yes
  • Number Of Units Total: 22
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

2221 E Lenita Lane Neighborhood

Community

92705 (SANTA ANA) Demographics

39
Median Age
4,071
Population Density (per sq. mile)
50%
College Educated
$106,058
Estimated Median Income
9,652
Estimated Total Home Owners
5,390
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2221 E Lenita Lane Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2221 E Lenita Lane Market Data

Based on the last 30 days in this zip code

$1,834,463
Average List Price
$672
Average Price per Square Foot
24
Properties Sold
68
Average Days on Market
214
Properties for Sale
Calculations provided by Reliance Network

2221 E Lenita Lane History

Date Event Value Agent
5/1/2026Source: CRMLS Price Reduction
$5,400,000 -6.5%
11/18/2025Source: CRMLS Added to Database
November 18, 2025
Listing provided courtesy of Triqor GroupGary Tolfa- MLS# PW25262411MLS ProviderContact Information: [email protected] - 949-756-3232
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