520 E Walnut Street

Santa Ana, CA 92701

  • 0 Bed(s)
  • 0 Bath(s)
  • 15,552 Sqft
  • 20908.8
    Sqft(Lot)
$5,875,000

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, granting residents easy access to everyday needs. 520 east walnut street is located within a 1-mile radius of all three levels of schooling, including lowell elementary school, lathrop intermediate school, and santa ana high school. furthermore, the property is just over 1.50 miles from santa ana college, the 3rd top employer within the city per santa ana’s 2023 annual comprehensive financial report. residents enjoy 520 east walnut street’s close proximity to interstate 5 and state route 55 as they connect residents to employment hubs throughout southern california. given the property’s high-quality unit finishes and close proximity to santa ana’s most popular destinations, 520 east walnut street is well suited to provide investors with strong returns over the long-term investment horizon.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    47172550

Sell a home like this and save $352,001 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1983
    • Building Area Total: 15,552

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.48
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 20908.8

  • Listing Price Information

    • Original List Price: 5,875,000
    • Listing Contract Date: 2024-10-14

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 40408101

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: 69 - Santa Ana South of First
    • Postal Code Plus 4: 5559
    • Directions: Cross Streets of East Walnut Street & South Hickory Street
    • Source Property Type: Residential Income
    • Area: 69 - Santa Ana South of First
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 42
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: First level
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 01/18/2025 @ 14:40

  • MLS: OC24212983
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 15,552 sqft, 20,909 sized lot, and 40 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Ana , in zip code 92701, this Orange County Home are nearby neighborhoods.