202 E Walnut Street
Santa Ana, CA 92701
- – beds
- – baths
- – sqft
- 11,224 sqft lot
- 1937 build
- – on site
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Pleased to present 202 E. Walnut Street, a garden style, 10-unit apartment complex overflowing with curb appeal, consisting of (9) Large 1-Bedroom units and (1) Studio averaging 763 SF each. Beautifully maintained with lush landscaping and a heavily upgraded property, the units are situated on a sizeable corner lot of a quiet, treelined street. Residents of the property enjoy the proximity to the Historic Downtown District (walking distance) known for its vibrant artistic & cultural scene, trendy dining establishments and various other entertainment related venues. All units of the property have been meticulously cared for and fully upgraded with washer and dryer machines included in each unit, all new kitchens with stainless steel appliance, interior paint, fixture throughout the units, and dual pane windows. Priced at a 6.3% CAP rate on the current rents makes this investment one the most attractive multifamily investments in the entire county. A rare opportunity to take advantage of positive leverage, allowing the investor to place a smaller down payment and increase the cash-on-cash return. Additionally, current ownership is in the process of obtaining approval for (2) ADU (Accessory Dwelling Units) which is expected to receive planning approval shortly. The additional income generate from this unit is expected to increase gross income by 23%.
Last checked:
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Last updated Apr 9, 2024
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MLS# PW24022495 —
The Building
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Year Built:1937
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:7638.00
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Building Area Units:Square Feet
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# of Buildings:3
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Total Number Of Units:10
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Stories Total:2
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# of Separate Gas Meters:10
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# of Separate Water Meters:1
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# of Separate Electric Meters:11
Interior
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Levels:Two
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Entry Location:1
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Fireplace:No
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Fireplace:None
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Laundry:Dryer Included, Washer Included
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Laundry:1
Location
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Directions:South of W. 1st Street and West or Orange Avenue
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Latitude:33.74415900
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Longitude:-117.86539300
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:Lot 10000-19999 Sqft
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Lot Size Area:11224.0000
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Lot Size Acres:0.2577
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Lot Size SqFt:11224.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:D
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Tax Census Tract:750.02
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Tax Tract:134
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Tax Lot:11
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Tax Rate:1.10
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Tax Annual Amount:35400.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:40409213
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs, Gutters, Sidewalks
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Pool:None
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Private Pool:No
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Assessments:Yes
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Assessments:Special Assessments
Parking
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Parking Spaces:5.00
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Garage Spaces:5.00
Extra Units
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Average 1 Bed Area:763
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/8/24
Apr 8, 2024
|
Sold | CRMLS_CA | $2,850,000 | -10.8% |
|
4/3/24
Apr 3, 2024
|
Pending | CRMLS_CA | $3,195,000 | |
|
1/31/24
Jan 31, 2024
|
Listed / Active | CRMLS_CA | $3,195,000 | 26.5% (15.4% / YR) |
