Santa Ana, CA 92701,202 E Walnut Street
Santa Ana, CA 92701,202 E Walnut Street
Santa Ana, CA 92701,202 E Walnut Street
$2,525,000
Est. payment /mo
$2,450,000
3.1%
Est.Price: ?

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1 Bed
2 Baths
0.26 Acres Lot
SOLD DATE : 05/11/2022

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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San Diego Regional MLS (SDMLS)
Listed by Damien Breaux • Morgan Skenderian
Bought with Rick Applebaum • Morgan Skenderian
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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