This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
202 E Walnut Street, Santa Ana, CA 92701
$2,850,000
202 E Walnut Street, Santa Ana, CA 92701View this property at 202 E Walnut Street, Santa Ana, CA 92701
202 E Walnut StreetSanta AnaCA92701
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
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%.
Full Property Details
Full Property Details for 202 E Walnut St
General
- Sold For: $2,850,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PW24022495
- Added to Site: 110 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: Dryer Included, Washer Included
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 5
Location
- Area: 699 - Not Defined
- County: Orange
- Development Name: 699 - Not Defined
- Driving Directions: South of W. 1st Street and West or Orange Avenue
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 10
- # Electric Meters: 11
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 7,638
- Year Built: 1937
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 8
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2577
- Lot Size Source: Assessor
- Lot Description: Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $373.13
- Price Per Unit: 319500
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Morgan Skenderian, Rick Applebaum and Morgan Skenderian, Paul Espinosa
Sold by Morgan Skenderian, Damien Breaux
Get Pre-Approved Today
Schools
Schools serving 202 E Walnut St
School District:Santa Ana Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
417 W Walnut St, Santa Ana, CA 92701 | K-5 | 0.3 mi | |
1342 N Ross St, Santa Ana, CA 92706 | 5-8 | 0.9 mi | |
1401 S Grand Ave, Santa Ana, CA 92705 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 202 E Walnut St
Date
Details
Price
Change
Source
4/08/2024
Sold
$2,850,000
-10.8%
MLS
1/31/2024
Listed
$3,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
202 E Walnut Street, Santa Ana, CA 92701 (MLS# PW24022495) is a Multi-Family property that was sold at $2,850,000 on April 08, 2024. Want to learn more about 202 E Walnut Street? Do you have questions about finding other Multi-Family real estate for sale in Santa Ana? You can browse all Santa Ana real estate or contact a Coldwell Banker agent to request more information.