Log In/Sign Up
Your email has been sent.
French Park 6 Units 502 E Wellington Ave 6 Unit Apartment Building $2,043,366 CAD ($340,561 CAD/Unit) 3.05% Cap Rate Santa Ana, CA 92701
Investment Highlights
- Corner Lot
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$106,627
|
$13.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,627
|
$13.24
|
| Taxes |
$21,869
|
$2.72
|
| Operating Expenses |
$22,508
|
$2.80
|
| Total Expenses |
$44,377
|
$5.51
|
| Net Operating Income |
$62,250
|
$7.73
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $106,627 |
| Annual Per SF | $13.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $106,627 |
| Annual Per SF | $13.24 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,869 |
| Annual Per SF | $2.72 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,508 |
| Annual Per SF | $2.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,377 |
| Annual Per SF | $5.51 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $62,250 |
| Annual Per SF | $7.73 |
Property Facts
| Price | $2,043,366 CAD | Building Class | C |
| Price Per Unit | $340,561 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 8,051 SF |
| Cap Rate | 3.05% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | SD - Specific Development | ||
| Price | $2,043,366 CAD |
| Price Per Unit | $340,561 CAD |
| Sale Type | Investment |
| Cap Rate | 3.05% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,051 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 1.59/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | SD - Specific Development |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $3,417 CAD | - |
1 1
Walk Score®
Very Walkable (88)
Property Taxes
| Parcel Number | 398-032-01 | Total Assessment | $2,842,944 CAD (2025) |
| Land Assessment | $2,529,665 CAD (2025) | Annual Taxes | $21,869 CAD ($2.72 CAD/SF) |
| Improvements Assessment | $313,279 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
398-032-01
Land Assessment
$2,529,665 CAD (2025)
Improvements Assessment
$313,279 CAD (2025)
Total Assessment
$2,842,944 CAD (2025)
Annual Taxes
$21,869 CAD ($2.72 CAD/SF)
Tax Year
2024
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
French Park 6 Units | 502 E Wellington Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.