$1,889,500
5,452Bldg Sq Ft7,405Sq Ft Lot
921 N Lacy StreetSanta Ana, CA 92701
502 E Wellington Avenue, Santa Ana, CA 92701
- 5,018 sq ft
- 8,276 sq ft lot
- Built 1929
$1,495,000
The property
About 502 E Wellington Avenue
Located in Santa Ana's French Park, we have a 6-unit apartment complex, all 2-bedroom, 1-bath units separated between 2 buildings on this corner lot. Two of the units sit above two 1-car garages, with dedicated surface parking for the other four units. Both buildings are 2-story Mediterranean-style with wood-frame windows, washer/dryer hookup in each unit, exterior balconies, and good curb appeal. This is a great value-add opportunity with favorable floor plans. May qualify for the Mills Act property tax act. Call city for details.
Potential rents $ 2,295 x6= $137, 700 Actual rents are $90,024
Specifications
Property Details
At a glance
- Price
- $1,495,000
- Days On Site
- 509 Days
- Building Size (SqFt)
- 5,018 sqft
- Lot Size
- 8,276 SqFt
- Year Built
- 1929
- MLS® Number
- PW25101546
- Status
- Active
Property Details
- Property Type
- Multi Family
- MLS Number
- PW25101546
- Building Size (sq ft)
- 5,018
- Lot Size (sq ft)
- 8,276
- Lot Size (acres)
- 0.19
- Year Built
- 1929
- Units
- 6
- Buildings
- 2
- Current Use
- Multi Family
- Occupancy
- Owner
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Parcel Number
- 39803201
- On Market Date
- 2025-05-13
Financials
- Net Operating Income
- $57,556
- Cap Rate
- 5%
- Operating Expenses
- $32,468
The record
Property History for 502 E Wellington Avenue
| Date | Event | Price | Note |
|---|---|---|---|
| May 13, 2025 | Listed for sale | $1,495,000 |
No prior MLS sales on record for this property since 2012.
Location
Location
Photographs
Photos of 502 E Wellington Avenue, Santa Ana
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Listed by Albert Ricci of Ricci Realty
Listing information updated May 11, 2026 at 11:50 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.