Santa Ana Multifamily Investment
502 E Wellington Ave Santa Ana, CA 92701
502 E Wellington Ave, Santa Ana, CA, 92701
$1,495,000
For Sale
$1,495,000
Six-unit apartment complex in Santa Ana's French Park.
Lot Size0.19 Acres
Days on Market129
Property Features for 502 E Wellington Ave
General Information
- Standard status
- Active
- Lot size
- 0.19 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1929
Listing Agency
Ricci Realty
(714) 231-6058
Listed by
Albert Ricci · License #01011606
Source
Elliman
Added: Mar 10 Checked: Jul 15 at 8:33 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ricci Realty
Investment Insights
Based on property information with market context.
Located in Santa Ana's French Park neighborhood, this property features a 6-unit apartment complex. The complex consists of two buildings situated on a corner lot. All six units are configured with two bedrooms and one bathroom. The architectural style is Mediterranean, and each of the two-story buildings has wood-frame windows and exterior balconies. Washer and dryer hookups are available in each unit. Two of the units are positioned above two single-car garages, and dedicated surface parking is provided for the remaining four units. The property offers a value-add opportunity with favorable floor plans. The property may qualify for the Mills Act property tax act.
Key Highlights
- Value‑add opportunity with potential to increase rents from $90,024 to $137,700 annually.
- Six 2‑bedroom, 1‑bath units provide a desirable unit mix.
- Located in Santa Ana's French Park.
Property Analytics
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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 provide a desirable unit mix.; Located in Santa Ana's French Park.
