202 East Walnut Street
202 East Walnut Street
$2,850,000
2
10
7,638
7,638
$373
Closed 4/8/24
Description
Pleased to present 202 E. Walnut Street, a garden style, 10-unit apartment complex overflowing with curb appeal, consisting of (9) Large 1-Bedroom units and (1) Studio averaging 763 SF each. Beautifully maintained with lush landscaping and a heavily upgraded property, the units are situated on a sizeable corner lot of a quiet, treelined street. Residents of the property enjoy the proximity to the Historic Downtown District (walking distance) known for its vibrant artistic & cultural scene, trendy...Pleased to present 202 E. Walnut Street, a garden style, 10-unit apartment complex overflowing with curb appeal, consisting of (9) Large 1-Bedroom units and (1) Studio averaging 763 SF each. Beautifully maintained with lush landscaping and a heavily upgraded property, the units are situated on a sizeable corner lot of a quiet, treelined street. Residents of the property enjoy the proximity to the Historic Downtown District (walking distance) known for its vibrant artistic & cultural scene, trendy dining establishments and various other entertainment related venues. All units of the property have been meticulously cared for and fully upgraded with washer and dryer machines included in each unit, all new kitchens with stainless steel appliance, interior paint, fixture throughout the units, and dual pane windows. Priced at a 6.3% CAP rate on the current rents makes this investment one the most attractive multifamily investments in the entire county. A rare opportunity to take advantage of positive leverage, allowing the investor to place a smaller down payment and increase the cash-on-cash return. Additionally, current ownership is in the process of obtaining approval for (2) ADU (Accessory Dwelling Units) which is expected to receive planning approval shortly. The additional income generate from this unit is expected to increase gross income by 23%.
- Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian • rma@morganskenderian.com
- Listed by Paul Espinosa • DRE #01942627 • Brokerage DRE #01220368 • Morgan Skenderian
Property Details for 202 East Walnut Street
Parking Spaces Total
5
Private PoolNo
Total Units10.0
Building TypeAttached
Lot Size SourceAssessor
Living Area7638
Assessor Parcel Number404-092-13
Property Attached YNtrue
Location
LISTING UPDATED: 04/09/2024 04:09 AM
Property Details for 202 East Walnut Street
Status | Closed |
---|---|
MLS # | PW24022495 |
Days on Market | 63 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1937 |
County | Orange County |
Location
Building Information for 202 East Walnut Street
Building/Complex202 E Walnut StFloor-Stories2Residences-Pet Policy-Year Built1937Building Size-
Payment Calculator
$18,146 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 202 East Walnut Street
Property History for 202 East Walnut Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 202 East Walnut Street
Taxable ValueLand$2,218,500Additions$357,000Total$2,575,500
Tax Record2023$31,101 ($2,592 / month)
Home Facts
Total Finished SqFt7,638 SqFtAbove Grade Finished SqFt7,638 SqFtLot Size12,059 SqFtStyleMulti-Family Dwelling (2-4)Year Built1937CountyORANGEAPN404-092-13
Schools near 202 East Walnut Street
This home is within Santa Ana Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 3 to 12 |
Rating | School | Distance |
---|---|---|
Martin R. Heninger Elementary School PublicK to 8 | ||
Willard Intermediate School Public6 to 8 | ||
Century High School Public9 to 12 | ||
Advanced Learning Academy Charter3 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.