Santa Ana, CA 92701,520 E Walnut Street
Santa Ana, CA 92701,520 E Walnut Street
Santa Ana, CA 92701,520 E Walnut Street
Santa Ana, CA 92701,520 E Walnut Street
Santa Ana, CA 92701,520 E Walnut Street
Santa Ana, CA 92701,520 E Walnut Street
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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 5,875,000
Est. payment | /mo

15,552 SqFt


Save
$ 5,875,000
Est. payment | /mo
Save

15,552 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 15,552 sqft

Price per Sqft $377

MLS Listing ID CROC24212983

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1983

Lot Size 0.480 Acres

Property Description

520 East Walnut Street is a 16-unit multifamily investment property located in Santa Ana, CA. Built in 1983, 520 East Walnut Street offers exclusively two-bedroom townhomes with private patios. The property features highly desirable amenities including in-unit laundry hookups, central A/C and heating, controlled pedestrian access, and a gated subterranean parking garage. Currently, there are 12 renovated or partially renovated units that feature high-quality upgrades including appliances, shaker-style cabinets, quartz countertops, plumbing fixtures, recessed lighting, and more. These improvements have allowed ownership to charge a significant rental premium over non-renovated units, with an average rent of $2,795 for the renovated units. Furthermore, current ownership has identified under-utilized community space that could further increase rental income and diversify the overall unit mix through the conversion of a storage room into an accessory dwelling unit (ADU). 520 East Walnut Street benefits from its excellent central Santa Ana location just south of Downtown Santa Ana and its bustling 4th Street, providing residents with convenient access to a plethora of retail, dining, and entertainment options. Additionally, the property is within walking distance of Downtown Plaza, gr

Location

State CA

County Orange

Interior

Heating Other

Fireplace No

Laundry Other

Building

Lot Description Level

Water Public

Bay East AOR and Contra Costa AOR

GET MORE INFORMATION

Vander Meulen Real Estate Group

Broker, REALTOR® | Lic# 00842213 | Lic# 02150745

+1(925) 798-4663

800 S Broadway, Walnut Creek, CA, 94596, USA

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520 E Walnut Street