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1221 N Lacy Street Santa Ana, CA $ 1,200,000
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$ 1,200,000 Get more info
1221 N Lacy Street
$ 1,200,000
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1221 N Lacy Street

Santa Ana, CA, 92701
$ 1,200,000
Bedrooms-- Baths1.0 Sq 3,715

Monthly Estimate*

$ 8,288

Listed by Justin Butler, Kirklen Investment Group, justin@kig-usa.com
1221 N Lacy Street, Santa Ana, CA 92701 - Image 1
1221 N Lacy Street, Santa Ana, CA 92701 - Image 2
1221 N Lacy Street, Santa Ana, CA 92701 - Image 3
1221 N Lacy Street, Santa Ana, CA 92701 - Image 4
1221 N Lacy Street, Santa Ana, CA 92701 - Image 5
1221 N Lacy Street, Santa Ana, CA 92701 - Image 6
1221 N Lacy Street, Santa Ana, CA 92701 - Image 7
1221 N Lacy Street, Santa Ana, CA 92701 - Image 8

Multi-Family Home for sale in Santa Ana, CA

for $1,200,000 with 1 full bath. This 3,715 square foot home was built in 1948 on a lot size of 0.1561.

Presenting 1221-1227 N Lacy Street, a value-add four-unit multifamily property in Santa Ana’s historic French Park neighborhood. Offered for the first time in more than 20 years, the property gives an investor a rare chance to acquire a well-located asset close to Downtown Santa Ana. The property consists of four two-bedroom, one-bath units, each with a garage space, open parking, and access to an on-site laundry facility. The interiors are largely original. This creates a value-add opportunity for an investor who plans to renovate units as they turn over. The property also offers a potential ADU opportunity. Buyer must verify with the City of Santa Ana. The property is approximately 0.9 miles from Downtown Santa Ana and its restaurants, entertainment, and employment base. It is also approximately 0.3 miles from the planned Santa Ana Blvd and Lacy St station on the OC Streetcar line. Residents have convenient access to the I-5 freeway and the Santa Ana Regional Transportation Center.

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Multi-Family Active

Price

$ 1,200,000

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1561

Year Built

1948

Town/City

Santa Ana

County/Region

Orange

MLS | Web ID

OC26224237

Days on Market

3
Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Garage Spaces 4
Pool Features None
Year Built 1948
Tenant Pays Electricity Gas
Property Subtype Quadruplex
Gross Income 87939
Community Features Curbs Gutter(s) Storm Drain(s) Street Lights Sidewalks
County Orange
Net Operating Income 52947
Operating Expense 34992
Insurance Expense 4645
New Construction false
Property Type Residential Income
MaintenanceExpense 3200
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Corner of Washington and Lacy
City Santa Ana
Entry Location front
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 4
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 6800
Listing Terms Cash Cash to New Loan 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 987
Fuel Expense 692
Trash Expense 4260
Water Sewer Expense 2265
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 13
Property Sub Type Additional Quadruplex
Taxes 14543
Cap Rate 4.41
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Interior
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Assigned
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 8
Lot Size Area 6800
Number of Buildings 2
Building Area Total 3715
Lot Size Acres 0.1561
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
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* Excluded Features
List By
Justin Butler

Listing Agent

Kirklen Investment Group

Broker

justin@kig-usa.com

Email

Affordability Calculator

$8,288
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,288
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/15/2026$1,200,000 Listed Price

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1221 N Lacy Street, Santa Ana, CA, 92701 is a Multi-Family Home for sale at $1,200,000 with 3,715 sqft and a lot size of 0.1561. 1221 N Lacy Street has 1.0 baths and was built in 1948. The property's zip code is 92701 which is in Santa Ana, CA

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