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French Park 6 Units 502 E Wellington Ave 6 Unit Apartment Building $2,078,035 CAD ($346,339 CAD/Unit) 3.67% Cap Rate Santa Ana, CA 92701
Investment Highlights
- Corner Lot
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$125,132
|
$15.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,753
|
$0.47
|
| Effective Gross Income |
$121,379
|
$15.08
|
| Taxes |
$22,240
|
$2.76
|
| Operating Expenses |
$22,890
|
$2.84
|
| Total Expenses |
$45,130
|
$5.61
|
| Net Operating Income |
$76,249
|
$9.47
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $125,132 |
| Annual Per SF | $15.54 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,753 |
| Annual Per SF | $0.47 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $121,379 |
| Annual Per SF | $15.08 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,240 |
| Annual Per SF | $2.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,890 |
| Annual Per SF | $2.84 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,130 |
| Annual Per SF | $5.61 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $76,249 |
| Annual Per SF | $9.47 |
Property Facts
| Price | $2,078,035 CAD | Building Class | C |
| Price Per Unit | $346,339 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 8,051 SF |
| Cap Rate | 3.67% | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.6 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1929 |
| Property Type | Multifamily | Parking Ratio | 1.59/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | SD - Specific Development | ||
| Price | $2,078,035 CAD |
| Price Per Unit | $346,339 CAD |
| Sale Type | Investment |
| Cap Rate | 3.67% |
| Gross Rent Multiplier | 16.6 |
| 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 | $3,475 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 | $2,949,003 CAD (2026) |
| Land Assessment | $2,624,037 CAD (2026) | Annual Taxes | $22,240 CAD ($2.76 CAD/SF) |
| Improvements Assessment | $324,966 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
398-032-01
Land Assessment
$2,624,037 CAD (2026)
Improvements Assessment
$324,966 CAD (2026)
Total Assessment
$2,949,003 CAD (2026)
Annual Taxes
$22,240 CAD ($2.76 CAD/SF)
Tax Year
2025
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French Park 6 Units | 502 E Wellington Ave
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