520 E Walnut St, Santa Ana, CA 92701
OFF MARKET
Listed by Tyler Leeson, Marcus & Millichap RE Invest, (949) 419-3200 . Bought with DC Real Estate

520 E Walnut St
Santa Ana, CA 92701

Eastside
  • 32 Beds
  • 32 Baths
  • 15,552 sqft (on 0.48 acres)

$5,901,700

Trulia Estimate
as of Jul 24, 2026
Est. Refi. Payment $35,068/mo*
Refinance Your Home

$5,901,700

Trulia Estimate
as of Jul 24, 2026
Est. Refi. Payment $35,068/mo*
Refinance Your Home
32 Beds
32 Baths
15,552 sqft
(on 0.48 acres)

Local Information

  • Map ViewExplore the area around 520 E Walnut St.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1983
Lot Size
0.48 acres
Living Area
15,552 sqft
Price/Sqft
$379
Parking
Garage
HOA
None

About this House

520 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.
520 E Walnut St, Santa Ana, CA 92701 is a 32 bedroom, 32 bathroom, 15,552 sqft multi-family in Eastside, built in 1983. It last sold for the $5,875,000 asking price on Jan 23, 2025. More recently, it was listed as a rental in December 2025 with an asking price of $2,850 per month. That rental listing was removed on December 12, 2025. It is currently off market. The Trulia Estimate is $5,901,700, with a rent estimate of $3,222/month.

Home Details for 520 E Walnut St

Interior Features

Beds & Baths
Number of Bedrooms: 32Number of Bathrooms: 32
Appliances & Utilities
Laundry: Washer Hookup,Gas Dryer Hookup
Heating & Cooling
Heating: CentralHas HeatingHeating Fuel: Central
Windows, Doors, Floors & Walls
Common Walls: No Common Walls
Levels, Entrance, & Accessibility
Number of Stories: 2Entry Location: First level

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 40Number of Covered Spaces: 40Has a GarageParking Spaces: 40Parking: Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 77

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 40408101

Price & Status

Price
List Price: $5,875,000
Status Change & Dates
Off Market Date: Mon Dec 30 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: Santa AnaCommunity: Other

Building

Building Area
Building Area: 15552 Square Feet

Community

Community Features: Curbs, Gutter(s), SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.48 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: OC24212983Living Area Range Units: Square FeetAttribution Contact: tleeson@marcusmillichap.comCommon Interest: Community ApartmentUniversal Property Id: US-06059-N-40408101-R-N

Additional Information

CurbsGutter(s)Sidewalks
Last check for updates: about 2 hours ago
Listed by Tyler Leeson DRE #01451551
Marcus & Millichap RE Invest
Bought with: Duong Cao DRE #01239513, DC Real Estate
Originating MLS: California Regional MLS
Source: CRMLS, MLS#OC24212983

Price History for 520 E Walnut St

DatePriceEventSource
12/12/2025$2,850ListingRemovedCRMLS #OC25221438
12/09/2025$2,850Listed For RentCRMLS #OC25221438
12/09/2025$2,850ListingRemovedZillow Rentals
09/22/2025$2,850Listed For RentCRMLS #OC25221438
01/23/2025$5,850,000Sold
CRMLS #OC24212983
12/31/2024$5,875,000PendingCRMLS #OC24212983
10/14/2024$5,875,000PriceChangeCRMLS #OC24212983
07/30/2024ListingRemovedZillow Rentals
06/27/2024$2,795Listed For RentZillow Rentals
06/21/2022$5,600,000PendingCRMLS #OC22128224
06/14/2022$5,600,000Listed For SaleCRMLS #OC22128224

Market trends in Santa Ana

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$840K
$35.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$608
$12MoM
Available listings
279
25MoM
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Comparable Sales for 520 E Walnut St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
120 E Pine St, Santa Ana, CA
0.32
Multi-Family Home
$3,700,000
06/11/26
10
14
7,350
935 W Bishop St, Santa Ana, CA
1.00
Multi-Family Home
$3,825,000
03/05/26
24
12
9,784
1601 N Flower St, Santa Ana, CA
1.31
Multi-Family Home
$3,700,000
11/10/25
26
17
15,678
402 S Maple St, Santa Ana, CA
0.20
Multi-Family Home
$1,500,000
09/24/25
8
6
4,448
701 E Chestnut Ave, Santa Ana, CA
0.14
Multi-Family Home
$1,400,000
09/02/25
9
9
4,266
806 N Lacy St, Santa Ana, CA
0.57
Multi-Family Home
$1,725,000
02/13/26
11
9
4,500
1419-1423 S Sycamore St, Santa Ana, CA
1.18
Multi-Family Home
$3,100,000
12/23/25
24
12
8,995
223 S Orange Ave, Santa Ana, CA
0.20
Multi-Family Home
$1,370,000
02/27/26
5
9
3,554
1636 E 6th St, Santa Ana, CA
0.99
Multi-Family Home
$2,925,000
08/25/25
2
17
8,577
802 N Spurgeon St, Santa Ana, CA
0.58
Multi-Family Home
$1,700,000
06/22/26
10
6
5,042

Nearby homes

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Assigned Schools

These are the assigned schools for 520 E Walnut St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Eastside
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Eastside

At least 20 Trulia users voted on each feature.

  • 80 % Say it's walkable to grocery stores

  • 79 % Say there are sidewalks

  • 74 % Say car is needed

  • 70 % Say it's dog friendly

  • 67 % Say there's holiday spirit

  • 64 % Say yards are well-kept

  • 53 % Say streets are well-lit

  • 52 % Say it's walkable to restaurants

  • 52 % Say kids play outside

  • 50 % Say they plan to stay for at least 5 years

  • 42 % Say it's quiet

  • 42 % Say neighbors are friendly

  • 38 % Say people would walk alone at night

  • 35 % Say parking is easy

  • 31 % Say there's wildlife

  • 18 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

117 pet-friendly rentals in Santa Ana, CA

Explore by feature - Garage

85 rentals with a garage in Santa Ana, CA

Explore by feature - Air Conditioning

127 rentals with air conditioning in Santa Ana, CA

Explore by feature - Pool

82 rentals with a pool in Santa Ana, CA

Explore by feature - Washer/dryer

86 rentals with a washer/dryer in Santa Ana, CA

Explore by feature - Outdoor Space

17 rentals with an outdoor space in Santa Ana, CA

Homes for sale near 520 E Walnut St

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Off Market Homes Near 520 E Walnut St

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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 2026-07-24 03:48:01 PDT 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