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Key Details
Sold Price $2,525,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21240949
Sold Date 05/11/22
Bedrooms 1
HOA Y/N No
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 investors portfolio.
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 investors portfolio.
Location
State CA
County Orange
Area Oc - Santa Ana (92701)
Zoning Public Rec
Building
Lot Description Curbs, Sidewalks
Others
Space Rent $11,100
Financing Conventional
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Bought with Rick Applebaum • Morgan Skenderian