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502 E Wellington Avenue

Santa Ana, CA 92701
  • $1,495,000
  • STATUS: Active
  • ON SITE: 510 Days
  • MLS #: PW25101546
UPDATED: 183 min ago
$1,495,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Albert Ricci of Ricci Realty (714-633-3600)


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

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-06T00:27:19.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/163770779
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502 E Wellington Avenue Santa Ana, CA 92701

  • Price: $1,495,000
  • Status: Active
  • On Site: 510 Days
  • Updated: 183 min ago
  • MLS #: PW25101546
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1929
Built
Neighborhood:
70 - Santa Ana North of First
County:
Orange
Area:
70 - Santa Ana North of First
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
Exterior Features

Construction Materials Stucco Entry Level 1 Fencing Block Lot Features 0-1 Unit/AcreRectangular Lot Roof Spanish Tile Sign On Property YN No

Property Features

Additional Parcels YN No Business Type Multi-Tenant Cap Rate 5 Common Interest Community Apartment Current Financing None Electric Standard Exclusions All tenants personal property Gross Scheduled Income 90024 Insurance Expense 4000 Land Lease YN No Laundry Features Common AreaIn KitchenLaundry RoomOutsideStacked Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 57556 Number Of Units Leased 6 Operating Expense 32468 Property Sub Type Multi Family Special Listing Conditions StandardTrust Tax Year 2025 Trash Expense 3900 Utilities Electricity ConnectedSewer ConnectedWater Connected Vacancy Allowance 2700 Vacancy Allowance Rate 3 Water Sewer Expense 4080 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-06T00:27:19.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Albert Ricci of Ricci Realty (714-633-3600)