2221 E Lenita Lane, Santa Ana, CA 92705

• 16,897 sqft

Property Description

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 5.6% cap rate on existing income, with a proforma cap rate of 8.0%. This well-maintained, pride-of-ownership asset offers investors strong in-place income with significant and flexible upside potential in an excellent location.

Listing Status:

Active

Date Added:

November 18, 2025 at 06:00AM

Listing Office:

Triqor Group : 949-756-3232

Listing Agent:

Gary Tolfa : 949-756-3232

MLS ID:

PW25262411

Interior

• Laundry: Common Area
• Heating: Forced Air

Exterior

• Pool: None
• Parking: Parking spaces: 27

Construction

• General: 1

Location

• Originating MLS: CRMLS_CRM
• County: Orange

Lot

• Zoning: 93095401

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM

This listing courtesy of Gary Tolfa, Triqor Group