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Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22088690
Sold Date 05/26/22
Bedrooms 4
HOA Y/N No
Lot Size 0.260 Acres
Property Description
1113 West Walnut Street is a 6-unit, value-add multifamily investment property located in Santa Ana, CA. Built in 1978, 1113 West Walnut Street offers a desirable unit mix consisting exclusively of two-bedroom floor plans and amenities including private patios or balconies and garage parking. Additionally, there is ample opportunity for a new owner to begin a comprehensive renovation plan that should generate a substantial increase in rental income. 1113 West Walnut Street has an excellent central Santa Ana location, situated less than 1 mile from Downtown Santa Ana and the bustling 4th Street Market. The property is also located within 1 mile of Santa Ana College, which has an annual enrollment of over 27,000 students and employs over 3,500 staff members, placing residents in close proximity to a major employment and housing driver. Furthermore, 1113 West Walnut Street is positioned 1.50 miles from Interstate 5, providing residents with easy access to employment hubs throughout Orange and Los Angeles Counties.
1113 West Walnut Street is a 6-unit, value-add multifamily investment property located in Santa Ana, CA. Built in 1978, 1113 West Walnut Street offers a desirable unit mix consisting exclusively of two-bedroom floor plans and amenities including private patios or balconies and garage parking. Additionally, there is ample opportunity for a new owner to begin a comprehensive renovation plan that should generate a substantial increase in rental income. 1113 West Walnut Street has an excellent central Santa Ana location, situated less than 1 mile from Downtown Santa Ana and the bustling 4th Street Market. The property is also located within 1 mile of Santa Ana College, which has an annual enrollment of over 27,000 students and employs over 3,500 staff members, placing residents in close proximity to a major employment and housing driver. Furthermore, 1113 West Walnut Street is positioned 1.50 miles from Interstate 5, providing residents with easy access to employment hubs throughout Orange and Los Angeles Counties.
Location
State CA
County Orange
Area Oc - Santa Ana (92703)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range .25 to .5 AC
Level or Stories 2 Story
Others
Acceptable Financing Exchange
Space Rent $4,100
Listing Terms Exchange
Financing Cash
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Tyler Leeson • Marcus & Millichap RE Invest