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422 E Walnut Street

Santa Ana, CA 92701
  • $1,000,000
  • STATUS: Active Under Contract
  • ON SITE: 82 Days
  • ID#: OC23170789
Under Contract
$1,000,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Tyler Leeson of Marcus & Millichap Re Invest (949-419-3200)


Description

422 East Walnut Street is a 4+1 unit multifamily investment property located in Santa Ana, CA. Built in 1924 and 1963, 422 East Walnut Street consists of 4, one-bedroom units and 1, non-conforming studio. The property offers amenities including private patios and yards, security doors, and ample surface parking. In addition, select units feature highly-desirable single-story construction. 422 East Walnut Street benefits from its excellent central Santa Ana location just south of Downtown Santa Ana, providing residents with convenient access to a plethora of retail, dining, and entertainment options. Additionally, the property is within walking distance of Downtown Plaza, connecting residents to their everyday needs. 422 East Walnut Street is located within a 0.85-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 422 East Walnut Streets close proximity to Interstate 5 and State Route 55, connecting residents to employment hubs throughout Southern California.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/143330912
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422 E Walnut Street Santa Ana, CA 92701

  • Price: $1,000,000
  • Status: Active Under Contract
  • On Site: 82 Days
  • ID#: OC23170789
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1924
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
422 East Walnut Street is a 4+1 unit multifamily investment property located in Santa Ana, CA. Built in 1924 and 1963, 422 East Walnut Street consists of 4, one-bedroom units and 1, non-conforming studio. The property offers amenities including private patios and yards, security doors, and ample surface parking. In addition, select units feature highly-desirable single-story construction. 422 East Walnut Street benefits from its excellent central Santa Ana location just south of Downtown Santa Ana, providing residents with convenient access to a plethora of retail, dining, and entertainment options. Additionally, the property is within walking distance of Downtown Plaza, connecting residents to their everyday needs. 422 East Walnut Street is located within a 0.85-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 422 East Walnut Streets close proximity to Interstate 5 and State Route 55, connecting residents to employment hubs throughout Southern California.
Exterior Features

Entry Level 1 Entry Location First Floor Lot Features Street Level Number Of Separate Electric Meters 5 Open Parking Spaces 6 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features CurbsSidewalks Electric Expense 1087 Fuel Expense 1087 Garage YN No Gross Income 63764 Gross Scheduled Income 60209 Insurance Expense 3000 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan1031 Exchange Maintenance Expense 3000 Net Operating Income 35544 New Construction YN No New Taxes Expense 11202 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 0 Number Of Units Leased 5 Operating Expense 26414 Other Expense 4863 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5017 Trash Expense 1087 Vacancy Allowance 1806 Water Sewer Expense 1088 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Tyler Leeson of Marcus & Millichap Re Invest (949-419-3200)