SOLDAPR 8, 2024
Listed by Rick Applebaum, Morgan Skenderian, (949) 251-8800 . Bought with Morgan Skenderian
202 E Walnut St
Santa Ana, CA 92701
Eastside
9 Beds
10 Baths
7,638 sqft (on 0.26 acres)
- 9 Beds
- 10 Baths
- 7,638 sqft (on 0.26 acres)
$2,850,000
Last Sold: Apr 8, 2024
11% below list $3.19M
$373/sqft
Est. Refi. Payment $17,862/mo*
$2,850,000
Last Sold: Apr 8, 2024
11% below list $3.19M
$373/sqft
Est. Refi. Payment $17,862/mo*
9 Beds
10 Baths
7,638 sqft
(on 0.26 acres)
Homes for Sale Near 202 E Walnut St
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Local Information
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Description
This property is no longer available to rent or to buy. This description is from April 09, 2024
Pleased to present 202 E. Walnut Street, a garden style, 10-unit apartment complex overflowing with curb appeal, consisting of (9) Large 1-Bedroom units and (1) Studio averaging 763 SF each. Beautifully maintained with lush landscaping and a heavily upgraded property, the units are situated on a sizeable corner lot of a quiet, treelined street. Residents of the property enjoy the proximity to the Historic Downtown District (walking distance) known for its vibrant artistic & cultural scene, trendy dining establishments and various other entertainment related venues. All units of the property have been meticulously cared for and fully upgraded with washer and dryer machines included in each unit, all new kitchens with stainless steel appliance, interior paint, fixture throughout the units, and dual pane windows. Priced at a 6.3% CAP rate on the current rents makes this investment one the most attractive multifamily investments in the entire county. A rare opportunity to take advantage of positive leverage, allowing the investor to place a smaller down payment and increase the cash-on-cash return. Additionally, current ownership is in the process of obtaining approval for (2) ADU (Accessory Dwelling Units) which is expected to receive planning approval shortly. The additional income generate from this unit is expected to increase gross income by 23%.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$373/sqft
Listed
81 days ago
Home Details for 202 E Walnut St
Interior Features |
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Interior Details Number of Rooms: 1Types of Rooms: Bedroom 1 |
Beds & Baths Number of Bedrooms: 9Number of Bathrooms: 10 |
Fireplace & Spa Fireplace: NoneNo Fireplace |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1 |
Exterior Features |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 5Number of Covered Spaces: 5Has a GarageParking Spaces: 5Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Property Information |
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Year Built Year Built: 1937 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 40409213 |
Price & Status |
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Price List Price: $3,195,000Price Per Sqft: $373/sqft |
Status Change & Dates Off Market Date: Wed Apr 03 2024 |
Active Status |
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MLS Status: Closed |
Location |
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Direction & Address City: Santa Ana |
Building |
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Building Area Building Area: 7638 Square Feet |
Community |
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Community Features: Curbs, Gutters, SidewalksNot Senior Community |
HOA |
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Association for this Listing: California Regional MLS |
Lot Information |
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Lot Area: 0.26 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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Has Rent Control |
Miscellaneous |
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Mls Number: PW24022495Attribution Contact: rma@morganskenderian.com |
Additional Information |
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CurbsGuttersSidewalks |
Last check for updates: 1 day ago
Listed by Rick Applebaum DRE #01273871
Morgan Skenderian
Paul Espinosa DRE #01942627
Morgan Skenderian
Bought with: Damien Breaux DRE #01460301, Morgan Skenderian
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW24022495
Price History for 202 E Walnut St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/08/2024 | $2,850,000 | Sold | CRMLS #PW24022495 |
| 04/04/2024 | $3,195,000 | Pending | CRMLS #PW24022495 |
| 01/31/2024 | $3,195,000 | Listed For Sale | CRMLS #PW24022495 |
| 05/11/2022 | $2,525,000 | Sold | CRMLS #PW21240949 |
| 02/24/2022 | $2,450,000 | Pending | CRMLS #PW21240949 |
| 11/02/2021 | $2,450,000 | Listed For Sale | CRMLS #PW21240949 |
Comparable Sales for 202 E Walnut St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.32 | Multi-Family Home | $2,300,000 | 10/13/23 | 16 | 14 | 7,912 | |
0.86 | Multi-Family Home | $3,125,000 | 01/16/24 | 10 | 10 | 7,500 | |
0.33 | Multi-Family Home | $1,540,000 | 07/24/23 | 7 | 7 | 4,000 | |
1.09 | Multi-Family Home | $2,150,000 | 10/12/23 | 14 | 10 | 6,589 | |
0.17 | Multi-Family Home | $860,000 | 01/05/24 | 4 | 5 | 2,956 | |
1.14 | Multi-Family Home | $2,200,000 | 02/28/24 | 14 | 14 | 8,654 | |
0.60 | Multi-Family Home | $760,000 | 10/25/23 | 5 | 6 | 3,804 | |
0.76 | Multi-Family Home | $4,525,000 | 10/16/23 | 24 | 24 | 14,784 | |
0.29 | Multi-Family Home | $715,000 | 05/23/23 | 4 | 4 | 1,740 |
Assigned Schools
These are the assigned schools for 202 E Walnut St.
- Martin R. Heninger Elementary School
- K-8
- Public
- 1069 Students
3/10GreatSchools RatingParent Rating AverageAll 3 of my kids went to Heninger. I know on this website, the school has a low rating, but as a mom and educator myself, I see all good things at this school. The teachers are amazing, patient, available, highly competent, and caring. The principal is awesome too- works hard- keeps things positive on campus- keeps parents informed. Everyone in this school is taught to play violin. Great community too!Parent Review3y ago - Willard Intermediate School
- 6-8
- Public
- 559 Students
2/10GreatSchools RatingParent Rating AverageWillard is the worst school I've ever been to no wonder why the teachers change schools to teach. I am a former student. I DO NOT reccomend your child to attened this school. It's ridiculous you would ever call this a school. Kids are talking back to the teacher all the time. Nobody does their homework. I would probably say 3 out of 5 kids to drugs or consume any type of alocohal beverage. There is NO future for people who attend this school. Its so sad to see such a horrible school. Nobody pays attention in class. I can honestly say I'm so glad I don't come here anymore or to any school in the Santa Ana Unified School District even though a few are okay. I didn't attened my 8th grade promotion because, I wasn't proud to graduate from this school. I got an award for U.S. History but, I don't care. I feel bad for everyone who has something to do with this school. Its such a horrible enviroment. Plus people around this area are really ugly and you know what they say its the people who make the place. Poverty!Other Review10y ago - Century High School
- 9-12
- Public
- 1643 Students
4/10GreatSchools RatingParent Rating AverageCentury high school is often wrongly bashed on. There are MANY teachers and staff members who truly care about the future of their students. Moreover, the school has undergone great change in recent years and yet it's negative reputation still wrongfully follows it. Newly appointed principal Mr. parra clearly understands his students situations and leads by great example. A visit, rather than reading reviews, will clear out any concerns any parent/student may have.Student Review8y ago 
Check out schools near 202 E Walnut St.
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Neighborhood Overview
Neighborhood stats provided by third party data sources.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
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. as of 2024-01-24 10:53:37 PST 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 202 E Walnut St
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Off Market Homes Near 202 E Walnut St
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SOLDAPR 26, 2024First Team Real Estate North Tustin- SOLDAPR 16, 2024T.N.G. Real Estate Consultants
See more homes for sale inSanta AnaTake a look
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202 E Walnut St, Santa Ana, CA 92701 is a 9 bedroom, 10 bathroom, 7,638 sqft multi-family built in 1937. 202 E Walnut St is located in Eastside, Santa Ana. This property is not currently available for sale. 202 E Walnut St was last sold on Apr 8, 2024 for $2,850,000 (11% lower than the asking price of $3,195,000).