Santa Ana, CA 92701 502 E Wellington Avenue
$1,495,000
6 more
Presented By: Albert Ricci with Ricci Realty; 714-231-6058
Baths • 1
SQFT • 5,018
Home Details
Located in Santa Ana's French Park, we have a 6-unit apartment complex, all 2-bedroom, 1-bath units separated between 2 buildings on this corner lot. Two of the units sit above two 1-car garages, with dedicated surface parking for the other four units. Both buildings are 2-story Mediterranean-style with wood-frame windows, washer/dryer hookup in each unit, exterior balconies, and good curb appeal. This is a great value-add opportunity with favorable floor plans. May qualify for the Mills Act property tax act. Call city for details.
Potential rents $ 2,295 x6= $137, 700 Actual rents are $90,024
Presented By: Albert Ricci with Ricci Realty; 714-231-6058
Interior Features for 502 E Wellington Avenue
Other Interior Features
LivingAreaSourceAssessor
Laundry FeaturesCommon Area, In Kitchen, Laundry Room, Outside, Stacked
Total Stories2
Other Rooms
Entry Level1
General for 502 E Wellington Avenue
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Business TypeMulti-Tenant
Cap Rate5
CitySanta Ana
Construction MaterialsStucco
CountyOrange
Current FinancingNone
Current UseMulti-Family
DirectionsFrom I-5 S Take exit 105A Penn way then take washington ave to Wellington ave
ElectricStandard
ExclusionsAll tenants personal property
Insurance Expense4000
Land Lease Y/NNo
Lease Considered Y/NNo
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet8276
Lot Size UnitsSquare Feet
MLS Area70 - Santa Ana North of First
Net Operating Income57556
Number Of Units Total6
Number of Units Leased6
Occupancy TypeOwner
Operating Expense32468
PostalCitySANTA ANA
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofSpanish Tile
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Tax Year2025
Trash Expense3900
UtilitiesElectricity Connected, Sewer Connected, Water Connected
Water Sewer Expense4080
Year Built1929
Year Built SourceAssessor
Exterior for 502 E Wellington Avenue
Building Area Total5018
FencingBlock
Lot Features0-1 Unit/Acre, Rectangular Lot
Lot Size Acres0.19
Lot Size Area8276
Lot Size SourceAssessor
Number of Buildings2
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Josh Russell
Realtor®