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French Park 6 Units 502 E Wellington Ave 6 Unit Apartment Building $1,495,000 ($249,167/Unit) 3.05% Cap Rate Santa Ana, CA 92701
INVESTMENT HIGHLIGHTS
- Corner Lot
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$78,012
|
$9.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,012
|
$9.69
|
| Taxes |
$16,000
|
$1.99
|
| Operating Expenses |
$16,468
|
$2.05
|
| Total Expenses |
$32,468
|
$4.03
|
| Net Operating Income |
$45,544
|
$5.66
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $78,012 |
| Annual Per SF | $9.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $78,012 |
| Annual Per SF | $9.69 |
| Taxes | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $1.99 |
| Operating Expenses | |
|---|---|
| Annual | $16,468 |
| Annual Per SF | $2.05 |
| Total Expenses | |
|---|---|
| Annual | $32,468 |
| Annual Per SF | $4.03 |
| Net Operating Income | |
|---|---|
| Annual | $45,544 |
| Annual Per SF | $5.66 |
PROPERTY FACTS
| Price | $1,495,000 | Building Class | C |
| Price Per Unit | $249,167 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 8,051 SF |
| Cap Rate | 3.05% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | SD - Specific Development | ||
| Price | $1,495,000 |
| Price Per Unit | $249,167 |
| Sale Type | Investment |
| Cap Rate | 3.05% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,051 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 1.59/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | SD - Specific Development |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $2,500 | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 398-032-01 | Total Assessment | $2,080,000 (2025) |
| Land Assessment | $1,850,794 (2025) | Annual Taxes | $16,000 ($1.99/SF) |
| Improvements Assessment | $229,206 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
398-032-01
Land Assessment
$1,850,794 (2025)
Improvements Assessment
$229,206 (2025)
Total Assessment
$2,080,000 (2025)
Annual Taxes
$16,000 ($1.99/SF)
Tax Year
2024
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French Park 6 Units | 502 E Wellington Ave
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