Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    502 E Wellington Ave Santa Ana, CA 92701

    Sponsored
    For Sale
    $1,495,000

    Commercial Sale - Santa Ana, CA

    Property size:
    5,018 SF
    Days on Market:
    238
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 502 E Wellington Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    39803201
    Size
    5,018 SF

    Building Details

    Year built
    1929
    Architectural style
    Other

    Ricci Realty (714) 633-3600 [email protected]

    Listing agent Albert Ricci (714) 633-3600 License #01011606

    Listing date May 13, 2025

    MLS# PW25101546 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Santa Ana Multifamily Investment Opportunity

    Located in Santa Ana's French Park, this property features a six-unit apartment complex. The units are configured as two-bedroom, one-bath layouts. The complex is divided between two buildings situated on a corner lot. The architectural style is Mediterranean, with two-story buildings and wood-frame windows. Two of the units are positioned above two one-car garages. Dedicated surface parking is available for the remaining four units. Each unit includes washer and dryer hookups and exterior balconies. The property offers value-add potential with favorable floor plans. The property may qualify for the Mills Act property tax act. The property size is 5018 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.8631
    Latitude
    33.754433

    Nearby Similar for Sale

    • $1,099,900
      1,722 SF

      Remodeled Home with Separate ADU

      Remodeled home with ADU, ideal for rental income or living.
      408 S Flower St, Santa Ana, CA 92703
      View Details
    • $1,900,000
      3,404 SF

      Santa Ana Multifamily Investment Property

      Four-unit multifamily property with new ADU in Santa Ana.
      308 S Laurel St, Santa Ana, CA 92704
      View Details
    • $430,000
      20,000 SF

      Santa Ana Professional Office Condo

      Professional office condo for sale in Santa Ana, California.
      960 W 17Th St, Santa Ana, CA 92706
      View Details
    • $1,995,000
      5,880 SF

      Santa Ana Fourplex Pair

      Value-add opportunity in Santa Ana's French Park neighborhood.
      833 N Lacy St, Santa Ana, CA 92701
      View Details
    • $95,000

      Medical Clinic Business Opportunity

      Established medical clinic for sale in Santa Ana, CA.
      726 S Main St, Santa Ana, CA 92701
      View Details
    • $775,000
      1,216 SF

      Santa Ana Duplex on Corner Lot

      Two detached units on a large corner lot with development potential.
      212 E Adams St, Santa Ana, CA 92707
      View Details
    • $1,995,000
      5,490 SF

      Santa Ana Multifamily Investment Opportunity

      Multifamily property in Santa Ana's French Park neighborhood with value-add potential.
      925 N Lacy St, Santa Ana, CA 92701
      View Details
    • $385,900
      997 SF

      Turnkey Office Condo in Santa Ana

      Move-in ready office condo with versatile layout and recent upgrades.
      1913 E 17Th St, Santa Ana, CA 92705
      View Details
    • $1,089,000
      13,140.00 Acres

      Santa Ana Land For Sale

      Land for sale in Santa Ana, California.
      835 N Patron St, Santa Ana, CA 92701
      View Details
    • $565,000
      720 SF

      Santa Ana Commercial Investment Opportunity

      Established restaurant property with long-term tenant in Santa Ana.
      1610 S Standard Ave, Santa Ana, CA 92707
      View Details
    • $1,175,000
      3,920 SF

      Santa Ana Corner Restaurant Property

      Remodeled restaurant with high traffic location near shopping center.
      1717 S Main St, Santa Ana, CA 92707
      View Details
    • $1,499,000
      2,339 SF

      Updated Duplex: Income Opportunity

      Updated duplex featuring two homes on one lot in Santa Ana.
      728 N Euclid St, Santa Ana, CA 92703
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment complex in Santa Ana's French Park.
    Where is this apartment building located?
    The property is located at 502 E Wellington Ave Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Value-add opportunity with potential to increase rents from $90,024 to $137,700 annually.; - Six 2-bedroom, 1-bath units, offering a desirable unit configuration.; - Located in Santa Ana's French Park.
    (714) 231-6058
    Request Owner's contact information
    502 E Wellington Ave Santa Ana, CA 92701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    502 E Wellington Ave
    Santa Ana, CA 92701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 E Wellington Ave Santa Ana, CA 92701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.