$6,299,850
Sold
520 E Walnut Street sold on January 23, 2025 for $5,850,000. The details are below for reference.
520 E Walnut Street, Santa Ana, CA 92701
- 15,552 sq ft
- Built 1983
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$5,850,000
The home
About 520 E Walnut Street
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.
Property details for 520 E Walnut Street
This apartment sits in Santa Ana in Orange County. It has 15,552 square feet of living space. The home was built in 1983. The MLS record lists the assessor parcel number as 404-081-01.
Specifications
Home Details
General Features
- Property Type
- Apartment
- MLS Number
- OC24212983
- Year Built
- 1983
- Lot Size (sq ft)
- 20,909
- Lot Size (acres)
- 0.48
- Garage Spaces
- 40
- Parking Spaces
- 40
- Parcel Number
- 40408101
- On Market Date
- 2024-10-14
- Listing Terms
- Standard
Interior Features
- Heating
- Central
- Laundry
- Washer Hookup, Gas Dryer Hookup
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Street Level
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 16
Community Features
- Community Features
- Curbs, Gutters, Sidewalks
The record
Property History for 520 E Walnut Street
| Date | Event | Price | Note |
|---|---|---|---|
| Jan 23, 2025 | Sold | $5,850,000 | |
| Dec 31, 2024 | Status changed to Pending | From Active | |
| Oct 14, 2024 | Listed for sale | $5,875,000 | |
| Aug 30, 2022 | Sold | $4,975,000 | Marcus & Millichap RE Invest |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 520 E Walnut Street
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, area of minimal flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0276J effective December 3, 2009. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones. Checked October 15, 2026.
- Liquefaction zone
Outside the liquefaction zones.
California Geological Survey, Seismic Hazard Zones map, Tustin quadrangle, released January 17, 2001. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Tustin quadrangle, released January 17, 2001. Checked October 15, 2026.
Internet and charging
- Fixed internet
Cable: Spectrum, up to 1,000 Mbps, at 13 of 13 residential locations in this census block. DSL: AT&T, up to 100 Mbps, at 10 of 13. Fixed wireless: GeoLinks, up to 1,000 Mbps, at 1 of 13.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590750023013, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.3 miles away (EVgo, 4 DC fast ports). 571 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
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Listed by Tyler Leeson of Marcus & Millichap RE Invest
Listing information updated Jan 24, 2025 at 8:22 AM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.