Santa Ana, CA 92701 502 E Wellington Avenue
$1,495,000
6 more
Presented By: Albert Ricci with Ricci Realty; 714-231-6058
- MLS# PW25101546
- 05/13/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
SQFT • 5,018
Home Details
Located in Santa Ana's French Park, we have a 6-unit apartment complex, all 2-bedroom, 1-bath units separated between 2 buildings on this corner lot. Two of the units sit above two 1-car garages, with dedicated surface parking for the other four units. Both buildings are 2-story Mediterranean-style with wood-frame windows, washer/dryer hookup in each unit, exterior balconies, and good curb appeal. This is a great value-add opportunity with favorable floor plans.
Presented By: Albert Ricci with Ricci Realty; 714-231-6058
Interior Features for 502 E Wellington Avenue
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, InKitchen, LaundryRoom, Outside, Stacked
Total Stories2
Other Rooms
Entry Level1
General for 502 E Wellington Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeMultiTenant
Cap Rate5.0
Carport Y/NNo
CitySanta Ana
Construction MaterialsStucco
CountyOrange
Current FinancingNone
Current UseMultiFamily
DirectionsFrom I-5 S Take exit 105A Penn way then take washington ave to Wellington ave
ElectricStandard
ExclusionsAll tenants personal property
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet8276.0
Lot Size UnitsSquareFeet
MLS Area70 - Santa Ana North of First
MobileHomeRemainsYNNo
Net Operating Income45544.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Occupancy TypeOwner
Operating Expense32468.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofSpanishTile
Senior Community Y/NNo
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Tax Year2025
Trash Expense3900.0
UtilitiesElectricityConnected, SewerConnected, WaterConnected
Water Sewer Expense4080.0
Year Built1929
Exterior for 502 E Wellington Avenue
Building Area Total5018.0
Crops Included Y/NNo
FencingBlock
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, RectangularLot
Lot Size Acres0.19
Lot Size Area8276.0
Lot Size SourceAssessor
Number of Buildings2
Private PoolNo
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate