NOT LISTED FOR SALE

516 E Walnut St Santa Ana, CA 92701

Pacific Park Neighborhood
4 Beds
4 Baths
2,600 Sq Ft
6,970 Sq Ft Lot

Last Sold May 11, 2018

Last sale price $851,000 $327 Per Sq Ft

47 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Turnkey
  • Lawn
  • Tile Flooring
  • Wood Fence

About This Home

As of May 2018

OH MY, Seller is TRULY CRAZY to sell at this price. INVEST IN ORANGE COUNTY NOW. DOUBLE DIGIT TOTAL RETURN ON THIS BEAUTY. DONT BUY ON PRO-FORMA NUMBERS, BUY ON ACTUAL RENTS, LIKE THIS ONE. Refurbished, single level 4 unit row building, super easy to manage. Extensive Remodel was just completed on all 4 units. New leases are in place. Just step in and collect rents.
Block wall on 2 sides, new water heaters , flooring, tubs, vanities , kitchen counters, window coverings, screens, paint, lighting, and on and on.
You wont be disappointed. If you looking for that jewel in the town, this is it. Centrally located, walking distance to everything. Tree lined street.

Last Agent to Sell the Property

Dave Troutt

Seven Gables Real Estate License #01749025 Listed on: 02/28/2018

Last Buyer's Agent

Hayal Forshey

Orange Realty Group License #01305430

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • New Fence
  • Level Lot
  • Lawn

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Cooktop
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 40408102

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 1 Separate Electric Meter
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $11,388
  • Operating Expense $16,488
  • Net Operating Income $49,932

Property Details

Home Type

Multi-Family

Year Built

Built in 1952 | Remodeled

Lot Details

0

Listing Details

  • CapRate: 5.90
  • Price Per Unit: 237475
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: R-3
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 40408102
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 327.31
  • Room Type: All Bedrooms Down, Laundry

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Average Condition, Block, New Condition, Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street
  • Lot Size Sq Ft: 6970.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 66420.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 49932.00
  • Number Of Separate Electric Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 16488.00
  • Rent Control: No
  • Total Actual Rent: 5535.00
  • Total Expenses: 16488.00

Tax Info

  • New Taxes Expense: 11388.00
  • Tax Census Tract: 750.02
  • Tax Lot: 1
  • Tax Tract Number: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $851,000 +0.2% $327 / Sq Ft
04/12/2018 04/12/18 Price Changed $849,000 -5.6% $327 / Sq Ft
03/20/2018 03/20/18 Price Changed $899,000 -5.4% $346 / Sq Ft
02/28/2018 02/28/18 For Sale $949,900 -- $365 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dave Troutt

    Seller's Agent in 2018

    Dave Troutt

    Seven Gables Real Estate

    (714) 306-7343

    45 Total Sales

    Dave Troutt
    Section Image

  • H

    Buyer's Agent in 2018

    Hayal Forshey

    Orange Realty Group

    (949) 680-9663

    3 Total Sales

    Hayal Forshey
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18047192

California Regional Multiple Listing Service (CRMLS)

APN: 404-081-02

California Orange County Santa Ana 92701 Pacific Park

516 E Walnut St, Santa Ana, CA

This home is located at 516 E Walnut St, Santa Ana, CA 92701 since 28 February 2018. This property was built in 1952. 516 E Walnut St is a home located in Orange County with nearby schools including Roosevelt-Walker Academy, Sierra Preparatory Academy, and Century High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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