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520 E Walnut St
Santa Ana, CA 92701 Santa Ana

$5,875,000 USD

Apartments For Sale  •  15,552 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,552 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 1983
  • Cap Rate 5.44 %
  • Zoning R3, Santa Ana
47 Transit Score
85 Walk Score

Highlights

Offers Exclusively Two-Bedroom Townhouse Units with Private Patios & In-Unit Laundry Hookups
Twelve Renovated or Partially Renovated Units with High-Quality Upgrades
Potential to Increase Rental Income Through the Conversion of Existing Space into an Accessory Dwelling Unit (ADU)
Gated Subterranean Parking Garage: Approximately 40 Spaces
Just South of a Plethora of Retail, Dining, & Entertainment Options in Downtown Santa Ana
Within Walking Distance to Everyday Needs at Downtown Plaza, a Food 4 Less Anchored Retail Center

Financial Summary (Actual)

Net Operating Income: $319,481 USD (2024)
Cap Rate: 5.44 %
Total Expenses: $157,660 USD

Amenities

  • Controlled Access
  • Courtyard
  • Laundry Facilities
  • Gated
  • Ceiling Fans
  • Vaulted Ceiling
  • Storage Space
  • Vinyl Flooring

Public Transportation

Commuter RailDriveWalkDistance
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 3 min 15 min 0.8 mi
Orange (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 3.9 mi
AirportDriveWalkDistance
John Wayne/Orange County 10 min - 7.2 mi
Long Beach (Daugherty Field) 29 min - 22.9 mi
Ontario International 47 min - 36.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: AttachedGarage
Included in Rent: Yes
Tyler Leeson 949-419-3252 Marcus & Millichap
Tyler Leeson 949-419-3252 Marcus & Millichap