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502 E Wellington Avenue — photo 1
1 / 11

Units

6

Building Size

5,018 sf

Lot Size

8,276 sf

Status

Active

Listing Agent: Albert Ricci, Ricci Realty

Santa Ana

502 E Wellington Avenue

About This Property

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

Unit Mix

  • 6 units · 2bd / 1ba

Neighborhood

This property is located in Santa Ana. Want to learn more about the area?

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Asking Price

$1,495,000

Est. Monthly Payment

$9,553/mo

20% down · 6.5% rate · 30yr

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Listing Agent

Albert Ricci

Ricci Realty