Eduardo Franco
ALTICORE REALTY
(951) 441-3688
123 Total Sales
1 in Pacific Park
$680,000 Price
520 E Walnut St Santa Ana, CA 92701
Pacific Park Neighborhood
2
Beds
2
Baths
15,552
Sq Ft
0.48
Acre Lot
Highlights
- 0.48 Acre Lot
- Central Heating
- Level Lot
- No HOA
- Laundry Facilities
About This Home
As of January 2025520 East Walnut Street is 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 heating, controlled pedestrian access, and a gated subterranean parking garage. Currently, there are 12 renovated or partially renovated units that feature high-quality upgrades including 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. Furthermore, current ownership has identified under-utilized community space that could further increase rental income and diversify the overall unit mix through the conversion of a storage room into an accessory dwelling unit (ADU). 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 2023 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.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 10/14/2024
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Property Details
Home Type
- Apartment
Year Built
- Built in 1983
Lot Details
- 20,909 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 40 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 15,552 Sq Ft Home
- 2-Story Property
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Additional Features
- Rain Gutters
- Central Heating
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 10724
- Assessor Parcel Number 40408101
- $4,216 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $6,341
- Fuel Expense $6,341
- Insurance Expense $12,800
- Maintenance Expense $12,000
- Other Expense $25,416
- Professional Management Expense $16,700
- Trash Expense $6,341
- Water Sewer Expense $6,341
- New Taxes Expense $65,380
- Operating Expense $157,660
- Gross Income $491,712
- Net Operating Income $319,481
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 14, 2024
Closed on
Jan 23, 2025
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Duong Cao
DC Real Estate
List Price
$5,875,000
Sold Price
$5,850,000
Premium/Discount to List
-$25,000
-0.43%
Views
15
Purchase Details
Listed on
Jun 14, 2022
Closed on
Aug 23, 2022
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$5,600,000
Sold Price
$4,975,000
Premium/Discount to List
-$625,000
-11.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$2,520,000
Interest Rate
5.51%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 16, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
6.1%
Mortgage Type
Balloon
Purchase Details
Closed on
Sep 25, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 3, 1999
Sold by
Bought by
Purchase Details
Closed on
Jul 8, 1999
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Pacific Park, CA
-
Eduardo Franco
-
David George
David George
Compass
(657) 315-1617
80 Total Sales
1 in Pacific Park
$435,000 Price
-
Luis Anaya
Luis Anaya
Keller Williams Legacy
(949) 771-8980
45 Total Sales
2 in Pacific Park
$1,370,000 Price Range
-
Jennifer Thomas
Jennifer Thomas
Seven Gables Real Estate
(949) 468-3483
78 Total Sales
1 in Pacific Park
$625,000 Price
-
Andro Chavez
Andro Chavez
Re/Pro Realty
(657) 366-5303
119 Total Sales
4 in Pacific Park
$700K - $925K Price Range
-
Jesse Blanchet
Jesse Blanchet
Responds QuicklyNew Century Realtors
(949) 979-5829
61 Total Sales
1 in Pacific Park
$828,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $5,850,000 | Chicago Title Company | ||
| $4,975,000 | Fidelity National Title | ||
| -- | Lawyers Title Company | ||
| $1,345,000 | Fidelity National Title Ins | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $2,520,000 | ||
| Previous Owner | $2,000,000 | ||
| Previous Owner | $1,470,000 | ||
| Previous Owner | $1,260,000 | ||
| Previous Owner | $1,050,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/23/2025 01/23/25 | Sold | $5,850,000 | -0.4% | $376 / Sq Ft | |
| 12/30/2024 12/30/24 | Pending | -- | -- | -- | |
| 10/14/2024 10/14/24 | For Sale | $5,875,000 | +18.1% | $378 / Sq Ft | |
| 08/30/2022 08/30/22 | Sold | $4,975,000 | -11.2% | $320 / Sq Ft | View Prior Sale |
| 06/21/2022 06/21/22 | Pending | -- | -- | -- | |
| 06/14/2022 06/14/22 | For Sale | $5,600,000 | -- | $360 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $62,308 | $5,967,000 | $4,720,081 | $1,246,919 |
| 2025 | $60,687 | $5,175,990 | $3,953,520 | $1,222,470 |
| 2024 | $60,687 | $5,074,500 | $3,876,000 | $1,198,500 |
| 2023 | $59,191 | $4,975,000 | $3,800,000 | $1,175,000 |
| 2022 | $27,279 | $2,083,143 | $827,079 | $1,256,064 |
| 2021 | $26,667 | $2,042,298 | $810,862 | $1,231,436 |
| 2020 | $26,680 | $2,021,357 | $802,547 | $1,218,810 |
| 2019 | $26,199 | $1,981,723 | $786,811 | $1,194,912 |
| 2018 | $25,252 | $1,942,866 | $771,383 | $1,171,483 |
| 2017 | $25,035 | $1,904,771 | $756,258 | $1,148,513 |
| 2016 | $24,555 | $1,867,423 | $741,429 | $1,125,994 |
| 2015 | $24,243 | $1,839,373 | $730,292 | $1,109,081 |
| 2014 | $23,823 | $1,803,343 | $715,987 | $1,087,356 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2025
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
5 in this area
171 Total Sales
-
Duong Cao
Buyer's Agent in 2025
Duong Cao
DC Real Estate
(714) 627-3888
1 in this area
46 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24212983
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.
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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