Six-Unit Apartment
For Sale
$1,495,000
502 E Wellington Avenue, Santa Ana, CA 92701
MULTI_FAMILY - Santa Ana, CA
Property SizeContact for details
Days on Market457
Property Features for 502 E Wellington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Directions
From I-5 S Take exit 105A Penn way then take washington ave to Wellington ave
Subdivision
70 - Santa Ana North of First
Standard status
Active
APN
39803201
Taxes and HOA fees
Tax Year
2025
Building Details
Year built
1929
Listing Agency:
Ricci Realty
(714) 633-3600
Listed By:
Albert Ricci · License #01011606
(714) 231-6058
Added: May 13, 2025
Changed: Jul 6
Last Checked: Aug 12 at 6:06PM
MLS# PW25101546
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.
Investment Insights
Based on property information with market context.
This is a six-unit, two-building apartment complex in Santa Ana’s French Park, with all units configured as two-bedroom, one-bath residences. The units are divided between two separate 2-story structures on a corner lot. Both buildings feature Mediterranean-style character with wood-frame windows and exterior balconies.
The property includes a mix of parking arrangements: two units are positioned above two 1-car garages, while the other four units have dedicated surface parking. Each unit has washer/dryer hookups, supporting convenient in-home laundry setups. The site is described as having good curb appeal.
For investors and owner-operators, the consistent unit mix and layout uniformity can simplify leasing and operations across the complex. The offering is presented as a value-add opportunity, and the public remarks note the possibility of qualifying for the Mills Act property tax program; tenants and buyers should verify eligibility details directly with the City of Santa Ana.
The property includes a mix of parking arrangements: two units are positioned above two 1-car garages, while the other four units have dedicated surface parking. Each unit has washer/dryer hookups, supporting convenient in-home laundry setups. The site is described as having good curb appeal.
For investors and owner-operators, the consistent unit mix and layout uniformity can simplify leasing and operations across the complex. The offering is presented as a value-add opportunity, and the public remarks note the possibility of qualifying for the Mills Act property tax program; tenants and buyers should verify eligibility details directly with the City of Santa Ana.
Key Highlights
- 6‑unit apartment complex in Santa Ana’s French Park; all units are 2‑bedroom, 1‑bath
- Two 2‑story Mediterranean‑style buildings on a corner lot with exterior balconies and wood‑frame windows
- Unit mix includes two units above two 1‑car garages, plus dedicated surface parking for the other four units
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,803
Businesses Nearby
Explore this area
Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building 6-unit apartment complex offers uniform 2-bedroom layouts with balconies and in-unit washer/dryer hookups.
Where is this apartment building located?
The property is located at 502 E Wellington Avenue 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: 6‑unit apartment complex in Santa Ana’s French Park; all units are 2‑bedroom, 1‑bath; Two 2‑story Mediterranean‑style buildings on a corner lot with exterior balconies and wood‑frame windows; Unit mix includes two units above two 1‑car garages, plus dedicated surface parking for the other four units
