833 North Lacy Street

Santa Ana, CA 92701

$2,395,000
Price
1
Beds
8
Baths
5,880 Sq. Ft.
$407 / Sq. Ft.
5,880
Sq. Ft.
$407
per Sq. Ft.

Description

Great Value-Add opportunity in the renowned French Park neighborhood in Santa Ana. Located 1 block away from East Civic Center Drive. Be right in the action of the redevelopment going on in Downtown Santa Ana. This is a pair of fourplexes, one facing 506 Vance St and one facing 833 N Lacy. Both have a similar layout: eight one-bedroom floorplans with an eat-in kitchen, living room, and full bathroom. There are four ground-level units and four units on the second level, all with individual access....Great Value-Add opportunity in the renowned French Park neighborhood in Santa Ana. Located 1 block away from East Civic Center Drive. Be right in the action of the redevelopment going on in Downtown Santa Ana. This is a pair of fourplexes, one facing 506 Vance St and one facing 833 N Lacy. Both have a similar layout: eight one-bedroom floorplans with an eat-in kitchen, living room, and full bathroom. There are four ground-level units and four units on the second level, all with individual access. A third building houses the community/coin-op washer and dryer; the washer/dryer units are leased. Seven one-car garage spaces are available for tenant use; three face the alley towards the North East, and four face Vance St on the North West Side. The units' flooring is a combination of laminate tile and vinyl flooring, and countertops are tile. All tenants are on a month-to-month tenancy.
  1. Listed by Albert Ricci • DRE #01011606 • Brokerage DRE #01011606 • Ricci Realty • 714-231-6058
  2. Listed by AJ Ricci • DRE #01985308 • Brokerage DRE #01011606 • Ricci Realty

Property Details for 833 North Lacy Street

Parking Spaces Total
7
Private Pool
No
Cooling Type
Wall/Window
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5880
Assessor Parcel Number
398-042-01
LISTING UPDATED: 11/27/2024 08:15 AM

Property Details for 833 North Lacy Street

StatusActive
MLS #PW24241350
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
CountyOrange County

Building Information for 833 North Lacy Street

Building/Complex833 N Lacy StFloor-Stories2Residences-Pet Policy-Year Built1946Building Size-

Property Information for 833 North Lacy Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $128,460
  • Gross Scheduled Income: $163,200
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $158,304
  • Net Operating Income: $120,367
  • Cap Rate: 5.0
Expense Details
  • Operating Expense: $10,000
  • New Taxes Expense: $26,345
  • Fuel Expense: $247
  • Electric Expense: $116
  • Insurance Expense: $2,000
  • Professional Management Expense: $0
  • Trash Expense: $4,320
  • Water Sewer Expense: $6,059
  • Total Expenses: $39,088
Tax / Assessment Info
  • Tax Block: 74
  • Tax Tract Number: 698
  • Tax Census Tract: 744.05
  • CFD/Mello-Roos Fee: $2,055
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: Ground Level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Green Info
  • Walk Score: 86
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Well Report: No
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected
  • Electric: Natural Gas Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 7
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,303
  • Unit Type Total Rent: $10,705
  • Unit Type Pro Forma: 13600
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 8

Property History for 833 North Lacy Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 833 North Lacy Street

Taxable ValueLand$191,408Additions$344,528Total$535,936
Tax Record2024$8,093 ($674 / month)
Home Facts
Total Finished SqFt5,880 SqFtAbove Grade Finished SqFt5,880 SqFtStories2Lot Size9,013 SqFtStyleMulti-Family Res (5+ Units)Year Built1946CountyORANGEAPN398-042-01

Schools near 833 North Lacy Street

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Garfield Elementary School
PublicK to 5

Sierra Preparatory Academy
PublicK to 8

Century High School
Public9 to 12

Jim Thorpe Fundamental School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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833 North Lacy Street is a multi-family home for sale in Santa Ana, CA 92701. This property was listed for sale on November 27, 2024 by Ricci Realty, it's currently listed at $2,395,000. This listing's school district is Santa Ana Unified School District. Nearby schools include Garfield Elementary School, Sierra Preparatory Academy and Century High School. 833 North Lacy Street is a 1-bed, 8-bath, 5,880 sqft multi-family home built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ricci Realty, Albert Ricci, DRE #01011606; Ricci Realty, AJ Ricci, DRE #01985308

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.