1113 West Walnut Street

Santa Ana, CA 92703

$2,650,000
Last Sold Price
2
Beds
12
Baths
5,832 Sq. Ft.
$454 / Sq. Ft.
5,832
Sq. Ft.
$454
per Sq. Ft.

Description

1113 West Walnut Street is a 6-unit multifamily investment property located in Santa Ana, CA. Situated on a 0.26-acre lot, 1113 West Walnut Street offers spacious two-bedroom floor plans and amenities including private patios or balconies, garage parking, and on-site laundry. Current ownership has invested significant capital into the complete renovation of the interior and exterior of the property, including fully upgraded unit interiors, fresh paint, new railings, decks, stairs, patios and balconies,...1113 West Walnut Street is a 6-unit multifamily investment property located in Santa Ana, CA. Situated on a 0.26-acre lot, 1113 West Walnut Street offers spacious two-bedroom floor plans and amenities including private patios or balconies, garage parking, and on-site laundry. Current ownership has invested significant capital into the complete renovation of the interior and exterior of the property, including fully upgraded unit interiors, fresh paint, new railings, decks, stairs, patios and balconies, garages, asphalt, laundry room, and more. 1113 West Walnut Street benefits from its excellent central Santa Ana location just west of Downtown Santa Ana, providing residents with convenient access to a plethora of retail, dining, and entertainment options. The property is located within a 0.85-mile radius of all three levels of schooling, including Lowell Elementary School, Willard Intermediate School, and Santa Ana High School. 1113 West Walnut Avenue is situated in close proximity to Interstate 5, connecting residents to regional employment hubs throughout Orange and Los Angeles Counties.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest

Property Details for 1113 West Walnut Street

Parking Spaces Total
15
Private Pool
No
Total Units
6.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
5832
Assessor Parcel Number
008-221-19
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Encore Real Estate, Simi Hossini, DRE #00907561

Add your commute
LISTING UPDATED: 03/14/2023 03:48 AM

Property Details for 1113 West Walnut Street

StatusClosed
MLS #OC22226587
Days on Market70
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
CountyOrange County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Encore Real Estate, Simi Hossini, DRE #00907561

Add your commute

Building Information for 1113 West Walnut Street

Building/Complex1113 W Walnut StFloor-Stories2Residences-Pet Policy-Year Built1978Building Size-

Payment Calculator

$16,145 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,462

Property Taxes

$1,683

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1113 West Walnut Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $188,400
  • Gross Scheduled Income: $180,000
  • Vacancy Allowance: 5400
  • Gross Operating Income: $183,000
  • Net Operating Income: $129,373
  • Other Income Description: Miscellaneous
  • Other Income 1: $8,400
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $53,627
  • New Taxes Expense: $30,805
  • Fuel Expense: $2,931
  • Electric Expense: $2,931
  • Insurance Expense: $3,000
  • Maintenance Expense: $2,400
  • Professional Management Expense: $0
  • Other Expense: $5,698
  • Other Expense Description: Misc
  • Trash Expense: $2,931
  • Water Sewer Expense: $2,931
  • Total Expenses: $53,627
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 324
  • Tax Census Tract: 749.01
  • CFD/Mello-Roos Fee: $1,498
  • Tax Lot: 2
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 9
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 9
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 9
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $15,000
  • Unit Type Total Rent: $15,000
  • Unit Type Pro Forma: 16200
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 1113 West Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1113 West Walnut Street

Taxable ValueLand$1,326,000Additions$357,000Total$1,683,000
Tax Record2023$20,192 ($1,683 / month)
Home Facts
Total Finished SqFt5,832 SqFtAbove Grade Finished SqFt5,832 SqFtStories2Lot Size11,154 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountyORANGEAPN008-221-19

Schools near 1113 West Walnut Street

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Willard Intermediate School
Public6 to 8

Santa Ana High School
Public9 to 12

Nova Academy Early College High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.