502 E Wellington Avenue, Santa Ana, CA 92701
- $1,495,000
- List Price
- $1,495,000
- Status
- ACTIVE
- MLS#
- PW25101546
- Year Built
- 1929
- Lot Size
- 8,276
- Acres
- 0.19
- Lot Location
- 0-1 Unit/Acre, Rectangular Lot
- Days on Market
- 440
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
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
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Additional Information
- Exterior Construction
- Stucco
- Roof
- Spanish Tile
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $90,024
- Operating Expense
- 32468
Listing courtesy of Listing Agent: Albert Ricci (AlRicci@RicciRealty.com) from Listing Office: Ricci Realty.
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