11
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$1,495,000
Est. payment /mo
Active
502 E Wellington AVE Santa Ana, CA 92701
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25101546
HOA Y/N No
Year Built 1929
Tax Year 2025
Property Sub-Type Multi Family
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
Potential rents $ 2,295 x6= $137, 700 Actual rents are $90,024
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Interior
Fireplace No
Laundry Common Area, In Kitchen, Laundry Room, Outside, Stacked
Exterior
Fence Block
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Spanish Tile
Present Use Multi-Family
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot
Story 2
Water Public
Others
Tax ID 39803201
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard, Trust
Listed by Albert Ricci Ricci Realty 714-231-6058