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.
Potential rents are $191,520 ($1,995 x8)
Actual rents are $131,652
The income description goes here to explain
| List Price | $1,995,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1946 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 39804201 |
| MLS # | PW25101465 |
| Property ID | 321776642 |
| Lot Sqft | 9,148 |
| Zoning | Unknown |
| Total Units | 43 |
| Days on Market | 297 |
| Original List Price | $1,995,000 |
| Date Updated | February 19, 2026 |
| Date Created | May 06, 2025 |
Financials not available online. Please inquire with your agent for more details.
Albert Ricci an agent of Ricci Realty. Lic #01011606
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 19, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT