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626 E 3rd St
Santa Ana, CA 92701 Lacy

$1,275,000 USD

Apartments For Sale  •  1,740 SF

Property Details

  • Property Type Apartments
  • Total Building Size 1,740 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1920
  • Cap Rate 5.55 %
  • Zoning SD-84
40 Transit Score
70 Walk Score

Highlights

Fully stabilized 4-unit multifamily asset in Downtown Santa Ana.
Strong in-place rental income with market rents currently being achieved.
Located within a supply-constrained Orange County multifamily submarket.
Potential ADU development opportunity on the existing lot. Buyer to verify.
Convenient access to major freeways, transit, employment, and downtown lifestyle and entertainment.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $70,815 USD (2025)
Cap Rate: 5.55 %
Total Expenses: $19,977 USD

Amenities

  • Laundry Facilities
  • Kitchen
  • Refrigerator
  • Large Bedrooms
  • Private Bathroom
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Santa Ana Metrolink Station (Metrolink Inland Empire-Orange County Line - Amtrak, Metrolink Orange County Line - Amtrak, Pacific Surfliner - Amtrak) 2 min 12 min 0.6 mi
Orange Metrolink Station (Metrolink Inland Empire-Orange County Line - Metrolink Trains, Metrolink Orange County Line - Metrolink Trains) 9 min - 3.8 mi
AirportDriveWalkDistance
John Wayne/Orange County 10 min - 7.3 mi
Long Beach (Daugherty Field) 29 min - 22.0 mi
Ontario International 46 min - 35.9 mi
Christian Espinoza 949-307-9469 Greysteel Holdings
Christian Espinoza 949-307-9469 Greysteel Holdings