Skip to main content

Multifamily

520 E Walnut St

520 E Walnut St, Santa Ana, CA 92701

Listing Price: $6,000,000

Cap Rate
5.01%
Number of Units
16
GRM
12.78
Price/Unit
$375,000
Price/Gross SF
$385.80
Gross SF
15,552

Investment Overview

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 520 East Walnut Street, a 16-unit multifamily investment property located in Santa Ana, CA.

Built in 1983, 520 East Walnut Street offers exclusively two-bedroom 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 Ana’s 2022 Annual Comprehensive Financial Report. Residents enjoy 520 East Walnut Street’s close proximity to Interstate 5 and State Route 55 as they connect residents to employment hubs throughout Southern California.

Given the property’s high-quality unit finishes and close proximity to Santa Ana’s most popular destinations, 520 East Walnut Street is well suited to provide investors with strong returns over the long-term investment horizon.

Investment Highlights

  • Offers Exclusively Two-Bedroom Townhouse Units with Private Patios & In-Unit Laundry Hookups
  • Nine Renovated Units with High-Quality Upgrades
  • Substantial Rental Upside Through the Continuation of the In-Place Renovation Plan
  • Gated Subterranean Parking Garage
  • Just South of a Plethora of Retail, Dining, & Entertainment Options in Downtown Santa Ana
  • Within Walking Distance to Everyday Needs at Downtown Plaza, a Food 4 Less Anchored Retail Center
  • Just Over 1.50 Miles from Santa Ana College, the 3rd Top Employer in the City with More Than 3,500 Employees Per Santa Ana's 2022 Annual Comprehensive Financial Report
  • Convenient Access to Interstate 5 & State Route 55, Connecting Residents to Employment Hubs Throughout Southern California

Exclusively Listed By

Financing By

Multifamily

520 E Walnut St

Listing Price: $6,000,000

Cap Rate
5.01%
Number of Units
16
GRM
12.78
Price/Unit
$375,000
Price/Gross SF
$385.80
Gross SF
15,552

Investment Highlights

  • Offers Exclusively Two-Bedroom Townhouse Units with Private Patios & In-Unit Laundry Hookups
  • Nine Renovated Units with High-Quality Upgrades
  • Substantial Rental Upside Through the Continuation of the In-Place Renovation Plan
  • Gated Subterranean Parking Garage
  • Just South of a Plethora of Retail, Dining, & Entertainment Options in Downtown Santa Ana
  • Within Walking Distance to Everyday Needs at Downtown Plaza, a Food 4 Less Anchored Retail Center
  • Just Over 1.50 Miles from Santa Ana College, the 3rd Top Employer in the City with More Than 3,500 Employees Per Santa Ana's 2022 Annual Comprehensive Financial Report
  • Convenient Access to Interstate 5 & State Route 55, Connecting Residents to Employment Hubs Throughout Southern California

Investment Overview

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 520 East Walnut Street, a 16-unit multifamily investment property located in Santa Ana, CA. Built in 1983, 520 East Walnut Street offers exclusively two-bedroom 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 Ana’s 2022 Annual Comprehensive Financial Report. Residents enjoy 520 East Walnut Street’s close proximity to Interstate 5 and State Route 55 as they connect residents to employment hubs throughout Southern California. Given the property’s high-quality unit finishes and close proximity to Santa Ana’s most popular destinations, 520 East Walnut Street is well suited to provide investors with strong returns over the long-term investment horizon.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower