$2,525,000
$2,450,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
202 E Walnut ST Santa Ana, CA 92701
0.26 Acres Lot
Key Details
Sold Price $2,525,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21240949
Sold Date 05/11/22
HOA Y/N No
Year Built 1937
Lot Size 0.260 Acres
Property Description
202 E. Walnut Street is a 10-unit apartment investment opportunity in the city of Santa Ana. This well-maintained asset boasts a sizeable corner lot, on a quiet, tree-lined street. Residents enjoy restaurants, retail, and public transportation all within a short walk. The property has a very stable occupancy history, with many long-term tenants. Unit interiors are larger than the average 1-bedrooms in Santa Ana, and the price per square foot of $320 is well below that of most recent sales comparables. With 30+% upside in rents, the property also offers tremendous upside. The unique layout with a maturely landscaped courtyard and units set back from the street make this the kind of property that would be a great addition to any investor's portfolio.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry None
Exterior
Parking Features Door-Single, Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 40409213
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Rick Applebaum Morgan Skenderian
