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French Park 6 Units 502 E Wellington Ave 6 Unit Apartment Building $2,100,924 CAD ($350,154 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 |
$109,630
|
$13.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$109,630
|
$13.62
|
| Taxes |
$22,485
|
$2.79
|
| Operating Expenses |
$23,142
|
$2.87
|
| Total Expenses |
$45,627
|
$5.67
|
| Net Operating Income |
$64,003
|
$7.95
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $109,630 |
| Annual Per SF | $13.62 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $109,630 |
| Annual Per SF | $13.62 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,485 |
| Annual Per SF | $2.79 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,142 |
| Annual Per SF | $2.87 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,627 |
| Annual Per SF | $5.67 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $64,003 |
| Annual Per SF | $7.95 |
Property Facts
| Price | $2,100,924 CAD | Building Class | C |
| Price Per Unit | $350,154 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 | $2,100,924 CAD |
| Price Per Unit | $350,154 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 | $3,513 CAD | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 398-032-01 | Total Assessment | $2,948,254 CAD (2025) |
| Land Assessment | $2,623,371 CAD (2025) | Annual Taxes | $22,485 CAD ($2.79 CAD/SF) |
| Improvements Assessment | $324,883 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
398-032-01
Land Assessment
$2,623,371 CAD (2025)
Improvements Assessment
$324,883 CAD (2025)
Total Assessment
$2,948,254 CAD (2025)
Annual Taxes
$22,485 CAD ($2.79 CAD/SF)
Tax Year
2024
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French Park 6 Units | 502 E Wellington Ave
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