Courtesy of Marcus & Millichap RE Invest, Tyler Leeson. IDX Contact: 949-419-3200

607 E Walnut Street Santa Ana, CA 92701
$1,600,000
beds
0 baths
sq ft

Contact Us to Learn More

David Oronoz

David Oronoz

Principal | Multifamily Investments

DRE# 01838862

Bobby Aschtiani

Bobby Aschtiani

Principal | Multifamily Investments

DRE# 02048373

Chris Pettit

Chris Pettit

Founder

DRE# 01983950

Property Description

607 East Walnut Street is a 7-unit multifamily investment property located in Santa Ana, CA. Built in 1962, the property consists exclusively of one-bedroom units and offers a spacious yard, security doors, and gated uncovered parking. 607 East Walnut Street has an excellent central Santa Ana location, situated less than 0.15 miles from Downtown Santa Ana and the bustling 4th Street Market. Additionally, the property is located within 1.50 miles of Santa Ana College, which has an annual enrollment of almost 28,000 students and employs over 3,600 staff members. Furthermore, 607 East Walnut is positioned 1.55 miles from the Interstate 5 and State Route 55 interchange, providing residents with easy access to employment hubs throughout Orange and Los Angeles Counties.

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 1962

House

  • 2 total stories
  • Built in 1962
  • Stories: 2
  • 3704 total building sqft
  • No Common Walls
  • Two

Community

  • Curbs
  • Sidewalks

Expenses

  • Electric Expense: $3,000
  • Fuel Expense: $3,000
  • Insurance Expense: $1,200
  • Maintenance Expense: $3,500
  • Operating Expense: $40,484
  • Other Expense: $5,704
  • Water Sewer Expense: $3,000

Income

  • Gross Income: 83400
  • Gross Scheduled Income: 78600
  • Net Operating Income: 40558

Listing

  • Listed on 2021-10-07
  • Rent controlled

Location

  • County: Orange

Lot

  • 6970 sqft
  • 0.16 acres
  • Area: 0.16
  • Street Level

Parking

  • 9 open parking spaces
  • 9 total parking spaces

Property

  • Single building
  • 7 units

Sewer

  • Public Sewer

Taxes

  • New Taxes: $18,080

Utilities

  • 7 separate electric meters

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