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 6.5% 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.
AGENT: Gary Tolfa LISTING BROKERAGE: Triqor GroupWe 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 6.5% 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.
Courtesy of Triqor Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 2221 E Lenita LN
Santa Ana, CA
Property Details
Price:
$5,400,000
MLS #:
PW25262411
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
70santaananorthoffirst
Listed Date:
May 1, 2026
Total Sq Ft:
16,897
Lot Size:
28,692 sqft / 0.66 acres (approx)
Year Built:
1969
See this Listing
Schools
Interior
Heating
FA
Laundry Features
AR
Levels
A
Exterior
Common Walls
_2CW
Community Features
SDW
Parking Spots
27
Parking Total
27
Financial
Map
Community
- Address2221 E Lenita LN Santa Ana CA
- SubdivisionOther (OTHR)
- CitySanta Ana
- CountyOrange
- Zip Code92705
