FOR SALE
$ 2,795,000 Est. Payment

1409 W Lingan Lane

Santa Ana, CA 92704
Cluster
Residence
8,542
Sq. Ft.
0.21
Acre Lot
1of
Map
Photos
Courtesy: Rick Applebaum - Morgan Skenderian
1409 W. Lingan Lane is well managed, bread and butter apartment complex. The Seller of this asset will provide a Buyer with a Private 1st Trust Deed. A 10 year loan with two fixed rate periods of 5 years each. Years 1-5 will be fixed at 4.5%, interest only payments. Years 6-10 will increase the rate to 5.5%, interest only payments. The property contains a desirable units mix of (9) two bedroom/one bathroom units and (2) one bedroom/one bathroom units including a garage space for every apartment. New vinyl windows were installed at the property within the past 3 years. Its convenient location to retail shopping, groceries and more makes this a desirable spot for long term renters. Also, it’s within walking distance to the renowned Mater Dei High School and a short drive to South Coast Plaza. With an estimated 20% in rental upside and a Seller willing to provide highly attractive, interest only financing, a new owner can realize an above market return on this investment. *Seller Financing Available, 4.5% Interest Only, *Majority Two Bedrooms, *New Windows, *Close Proximity to Mater Dei High and Convenient Retail/Shopping, *Garages & Community Laundry
PW18233532
Cluster, 2 Story
Orange
1959
0.21 Acres
2
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
People
Zip
City
County
National
87,121
335,400
3,169,776
321,418,820
11,791
12,205
3,904
89
4.4
4.4
3
2.6
30.8
29.7
36.7
37.4
$59,412
$52,519
$75,998
$53,482
$17,606
$16,345
$34,416
$28,555
 
Economy
Zip
City
County
National
5.10 %
5.10 %
4.40 %
5.20 %
2.30 %
2.30 %
2.30 %
1.60 %
39.40 %
39.40 %
40.10 %
38.00 %
8.00 %
8.00 %
8.00 %
6.00 %
8.00 %
8.00 %
8.00 %
4.60 %
154
153
187
100
 
Environment
Zip
City
County
National
21
69
685
1443
13.6
13.5
13.7
39.2
0
0
0
25.8
47
47
45.7
22.6
83.1
83.1
82.7
86.1
31
31
33
102
278
279
278
205
83
86
85
54
Source: Sperling's Best Places
Courtesy: Rick Applebaum - Morgan Skenderian
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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