Property

Santa Ana, CA 92701 502 E Wellington Avenue

502 E Wellington Avenue Santa Ana, CA - Image 1502 E Wellington Avenue Santa Ana, CA - Image 2502 E Wellington Avenue Santa Ana, CA - Image 3
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502 E Wellington Avenue Santa Ana, CA - Image 4502 E Wellington Avenue Santa Ana, CA - Image 5502 E Wellington Avenue Santa Ana, CA - Image 6502 E Wellington Avenue Santa Ana, CA - Image 7502 E Wellington Avenue Santa Ana, CA - Image 8502 E Wellington Avenue Santa Ana, CA - Image 9502 E Wellington Avenue Santa Ana, CA - Image 10
Presented By: Albert Ricci with Ricci Realty; 714-231-6058
  • MLS# PW25101546
  • 05/13/2025
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  • Baths • 1
  • 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. May qualify for the Mills Act property tax act. Call city for details. Potential rents $ 2,295 x6= $137, 700 Actual rents are $90,024
Presented By: Albert Ricci with Ricci Realty; 714-231-6058

Interior Features for 502 E Wellington Avenue

Other Interior Features

LivingAreaSourceAssessor
Laundry FeaturesCommon Area, In Kitchen, Laundry Room, Outside, Stacked
Total Stories2

Other Rooms

Entry Level1

General for 502 E Wellington Avenue

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Business TypeMulti-Tenant
Cap Rate5
CitySanta Ana
Construction MaterialsStucco
CountyOrange
Current FinancingNone
Current UseMulti-Family
DirectionsFrom I-5 S Take exit 105A Penn way then take washington ave to Wellington ave
ElectricStandard
ExclusionsAll tenants personal property
Insurance Expense4000
Land Lease Y/NNo
Lease Considered Y/NNo
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet8276
Lot Size UnitsSquare Feet
MLS Area70 - Santa Ana North of First
Net Operating Income57556
Number Of Units Total6
Number of Units Leased6
Occupancy TypeOwner
Operating Expense32468
PostalCitySANTA ANA
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofSpanish Tile
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Tax Year2025
Trash Expense3900
UtilitiesElectricity Connected, Sewer Connected, Water Connected
Water Sewer Expense4080
Year Built1929
Year Built SourceAssessor

Exterior for 502 E Wellington Avenue

Building Area Total5018
FencingBlock
Lot Features0-1 Unit/Acre, Rectangular Lot
Lot Size Acres0.19
Lot Size Area8276
Lot Size SourceAssessor
Number of Buildings2
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Limor Zamir

Realtor®
Price $1,495,000
MLS#PW25101546
List Date 05/13/2025
Property Type Commercial
Phone 310.866.3778
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