$1,400,000
SOLD JAN 10, 2025
5 Beds
5 Baths
4,800 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$292 Per Sq Ft

2% Above List Price

99 Days on Market

Highlights

  • Dual Staircase
  • Main Floor Bedroom
  • Neighborhood Views
  • Traditional Architecture
  • No HOA
  • Living Room

About This Home

As of January 2025

GREAT INVESTMENT OPPORTUNITY. Welcome to a well maintained 4 plex located at 606 E Walnut St, in the heart of Santa Ana. This 2 levels investment building boast an excellent unit mix comprised of 1 unit 3bed, 2.5 baths down stair with its own 2 cars garage, and other three units with 2bed, 2 bath and 1 car garage for each. Garages are located in the rear with alley access. Community laundry room and separate electricity and gas meter for each unit, made it more convenience for potential investor. Walk in distance to many stores on First Street and Downtown Plaza plus in high demand rent area and very low vacancy, this fantastic investment opportunity won’t last long.

Last Agent to Sell the Property

Thanh Chu

Professional R.E. Center, Inc. Brokerage Phone: 714-837-0144 License #01888841 Listed on: 08/02/2024

Professional R.E. Center, Inc.

Co-Listed By

Mai Dao

Professional R.E. Center, Inc. Brokerage Phone: 714-837-0144 License #02020278

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in good condition
  • Rectangular Lot
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • Driveway
  • Parking Lot
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Insulated Windows
  • French Doors
  • Panel Doors
  • Family Room with Fireplace
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 6 / B
  • Tax Tract Number 312
  • Assessor Parcel Number 40407605
  • $1,035 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Master Insurance
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Playground

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Fuel Expense $2,400
  • Insurance Expense $1,500
  • Trash Expense $3,600
  • Water Sewer Expense $3,600
  • Operating Expense $10,200
  • Gross Income $85,000
  • Net Operating Income $71,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • CapRate: 6.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Subdivision Name Other: corner First and S Hic
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: R-3-H
  • Architectural Style: Traditional
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 40407605
  • Year Built: 1978
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Door Features: French Doors, Panel Doors
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 291.67
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Primary Bedroom
  • Window Features: Insulated Windows

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Asphalt, Concrete, Garage, Garage Faces Rear, Garage - Single Door, Garage - Three Door, Parking Space
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Water Heater, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central, Natural Gas
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 3600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Playground, Electricity, Gas, Insurance, Trash, Utilities, Water, Hot Water
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 600.00
  • Fuel Expense: 2400.00
  • Gross Income: 85000.00
  • Gross Scheduled Income: 85000.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 600.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 71800.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 13200.00
  • Rent Control: No
  • Total Actual Rent: 84900.00
  • Total Expenses: 10200.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 750.02
  • Tax Lot: 6
  • Tax Tract Number: 312
  • TaxOtherAnnualAssessmentAmount: 1035.00

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 List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $1,400,000 +1.8% $292 / Sq Ft
11/09/2024 11/09/24 Pending -- -- --
08/02/2024 08/02/24 For Sale $1,375,000 -- $286 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24150393

California Regional Multiple Listing Service (CRMLS)