$1,495,000

502 E Wellington Avenue, Santa Ana, CA 92701

  • 5,018 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1929
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $298/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

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

Listing Status:
Active
Date Added:
May 13, 2025 at 05:00AM
Listing Office:
Ricci Realty : 714-633-3600
Listing Agent:
Albert Ricci : 714-231-6058
MLS ID:
CRPW25101546
  • General: Stucco
  • County: Orange
  • Zoning: 39803201
  • Utilities: Electricity Connected

This listing courtesy of Albert Ricci, Ricci Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Davis Elementary School

1405 French St, Santa Ana, CA, 92701

Grades KG-5

0.19 miles away

W

Willard Intermediate School

1342 N Ross St, Santa Ana, CA, 92706

Grades 6-8

0.59 miles away

A

Advanced Learning Academy

335 E Walnut St, Santa Ana, CA, 92701

Grades 3-12

0.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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