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 2 bed/1.5 bath townhomes with private patios. The property features highly-desirable amenities including in-unit laundry hookups, central A/C and heat, controlled pedestrian access, and a gated subterranean parking garage. Currently, there are 9 renovated units that feature high-quality upgrades including new 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, 520 East Walnut Street represents a unique opportunity to improve cash flow through the continuation of the proven renovation plan. 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 Anas 2022 Annual Comprehensive Financial Report. Residents enjoy 520 E 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 2 bed/1.5 bath townhomes with private patios. The property features highly-desirable amenities including in-unit laundry hookups, central A/C and heat, controlled pedestrian access, and a gated subterranean parking garage. Currently, there are 9 renovated units that feature high-quality upgrades including new 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, 520 East Walnut Street represents a unique opportunity to improve cash flow through the continuation of the proven renovation plan. 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 Anas 2022 Annual Comprehensive Financial Report. Residents enjoy 520 East Walnut Streets close proximity to Interstate 5 and State Route 55 as they connect residents to employment hubs throughout Southern California.
-
4BEDS
-
0.48ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
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 2 bed/1.5 bath townhomes with private patios. The property features highly-desirable amenities including in-unit laundry hookups, central A/C and heat, controlled pedestrian access, and a gated subterranean parking garage. Currently, there are 9 renovated units that feature high-quality upgrades including new 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, 520 East Walnut Street represents a unique opportunity to improve cash flow through the continuation of the proven renovation plan. 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 Anas 2022 Annual Comprehensive Financial Report. Residents enjoy 520 E 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 2 bed/1.5 bath townhomes with private patios. The property features highly-desirable amenities including in-unit laundry hookups, central A/C and heat, controlled pedestrian access, and a gated subterranean parking garage. Currently, there are 9 renovated units that feature high-quality upgrades including new 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, 520 East Walnut Street represents a unique opportunity to improve cash flow through the continuation of the proven renovation plan. 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 Anas 2022 Annual Comprehensive Financial Report. Residents enjoy 520 East Walnut Streets close proximity to Interstate 5 and State Route 55 as they connect residents to employment hubs throughout Southern California.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.