$1,495,000
FOR SALEActive502 E Wellington Avenue
Santa Ana CA 92701
5,018
SF
Multi-Family
Type
1929
Built
$298/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Located in Santa Ana's French Park, we have a 6-unit apartment complex, all 2-bedroom, 1-bath units separated between 2 buildings on this corner lot. Two of the units sit above two 1-car garages, with dedicated surface parking for the other four units. Both buildings are 2-story Mediterranean-style with wood-frame windows, washer/dryer hookup in each unit, exterior balconies, and good curb appeal. This is a great value-add opportunity with favorable floor plans. May qualify for the Mills Act property tax act. Call city for details. Potential rents $ 2,295 x6= $137, 700 Actual rents are $90,024
Property Information
Property Overview
Commercial - MultiFamily
Property Type
Active
Status
0.19 acres
Lot Size
6
Total Units
5,018 SF
Square Footage
$297.93/SF
Price per SF
5.00%
Cap Rate
$58K
NOI
1,929
Year Built
2
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
5% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
5.00%
Cap Rate
$57,556
NOI
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Closed commercial sales reported, newest first.
CRMLS
MLS# PW25101546
Listed:
Nalren refreshed:
Last updated
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Listed by: Ricci Realty
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.