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728 E Walnut St Santa Ana, CA 92701

$1,725,000 Sold Price as of 04/04/2022

0 Beds
8 Baths
2,992 Sq.Ft.

Sold

$1,725,000 Sold Price as of 04/04/2022 Refinance Your Mortgage

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Map preview of 728 E Walnut St, Santa Ana, CA 92701

Property Overview: 728 E Walnut St Santa Ana, CA has -- bedrooms, 8 bathrooms, 2,992 living square feet and 6,969 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present the Walnut Street Apartments, an 8-unit turnkey apartment building located in Santa Ana, CA. The building is composed of all recently upgraded studios that come with laminate wood floors, Formica countertops, upgraded showers and vanities, new kitchen cabinets, pulldown kitchen sink faucets, refrigerators, gas stoves, and gas wall heating. The property is individually metered for gas and electricity, has a laundry facility, large private patios (downstairs units), gated carport parking, dual-pane windows, and an outdoor common area. This property offers an investor the opportunity to purchase the highest cap rate in Orange County with 75% Loan-to-Value already quoted ($1.275 Million).

Listed by Chris Keramati | BRE #01702116 | Triqor Group

Last checked: 2 minutes ago | Last updated: April 5th, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft: 6,969
HOA Dues: $0/mo
Year built: 1961
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: PW22012191
City: Santa Ana
County: Orange
Time on Site: 825 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Electric Meters: 8
# of Gas Meters: 8
# of Water Meters: 0

Unit Breakdown 1

# of Units: 8
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,363
Total Rent: $10,906
Pro Forma/Market Rent: $1,500

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.3%
Gross Rent Multiplier: 13.32
Gross Scheduled Income: $131,352
Net Operating Income: $92,768
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $36,644
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Professional Management: $0
Water/Sewer: $0

Property Details for 728 E Walnut St

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 8

Lot Information

Lot Features: Corner Lot
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 1 Common Wall
Total # of Units: 8
Parcel Number: 40407101
Year Built Source: Public Records
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Conventional Septic
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: Pacific Park
Directions: Contact Agent

Neighborhood Information

Community Features: Sidewalks, Street Lights, Urban

View more facts & features

Local Santa Ana Agent

Sale History for 728 E Walnut St

Last sold for $1,725,000 on April 4th, 2022

February, 2022
Feb 5, 2022

Date

Pending

CRMLS: PW22012191

$1,750,000

Price
June, 2019
Jun 4, 2019

Date

Expired

CRMLS: PW18284678

$1,615,000

Price
Feb 7, 2019

Date

Withdrawn

CRMLS: PW18284678

$1,615,000

Price
Jan 3, 2019

Date

Price Change

CRMLS: PW18284678

$1,615,000

Price
Dec 3, 2018

Date

Active

CRMLS: PW18284678

$1,665,000

Price
Listing provided courtesy of CRMLS

JUST REDUCED $50,000!*Extensive Recent Renovations-Interior & Exterior, 5.3% CAP on Current Rents, *Attractive Financing Available, *Covered Parking For Each Unit, *Close Proximity to Downtown, *Easy Access to the 5 and 55 Freeways EXTERIOR IMPROVEMENTS: *New PVC Windows Throughout, *New Decking for Upper Walkway, *New Individual Patios & Garden Areas for Lower 4 Units, *Major Tree Pruning and Tree Removal, *New Landscaping and Irrigation, *Stucco Repair and New Exterior Paint, *New Concrete in Carport Area, *New Exterior Lighting, *Refurbished Laundry Room w/Smartphone-Compatible Machines, *New Wood Deck w/Common Picnic Area, *New Metal Screens at Each Unit INTERIOR IMPROVEMENTS: *New Kitchens-Countertops, Cabinets, Appliances, Fixtures & Disposals, *New Bathrooms-Showers, Vanities, Toilets, Lighting & Ventilation, *New Vinyl Plank Flooring (w/New Subfloors in Some Units), *New Heaters and Thermostats (Most Units), *Plumbing and Electrical Upgrades, *New Paint and Window Blinds

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March, 2019
Mar 4, 2019

Date

Sold (Public Records)

Public Records

--

Price
May, 2018
May 15, 2018

Date

Sold (Public Records)

Public Records

$1,050,000

Price

Tax History for 728 E Walnut St

Assessed Value (2020): $1,057,778

Year	Land Value	Improved Value	Assessed Value
2020	$571,200	$486,578	$1,057,778

Home Value Compared to the Market

This property vs the competition

728 E Walnut St sold on April 4, 2022 for 133.33% higher than the current median sold price for the city of Santa Ana which is $750,000. The median sold price per/sqft for Santa Ana is $561 and this home is sold at $584.89 per/sqft which puts the price per square foot 4.26% higher than the current median sale per square foot for the city of Santa Ana.

About 728 E Walnut St

Detailed summary of property

728 E Walnut St is a multi family that recently sold in Santa Ana, CA 92701. This multi family property offered -- bedrooms, 8 bathrooms, roughly 2,992 living square feet, and sits on an approximately 6,969 square foot lot. 728 E Walnut St was first listed on ArdentRealEstateGroup.com on January 21, 2022. The homeowner sold the property for $1,725,000. Home in Santa Ana are selling for a median price of $750,000 and a median price per square foot of $561. Based on Ardent Real Estate Group's Santa Ana Market Data, this home is sold 133.33% higher than the current median priced home. Local homes that are currently for sale include 2112 S Cindy Pl, 1401 E Lincoln Ave and 471 E Broadway. While the average home in Santa Ana, CA is selling in 47 days, 728 E Walnut St has a days on market of 15 days. There are currently 228 homes for sale in the Santa Ana real estate market and 126 of them are single family homes while 92 of them are condos and 9 are townhomes. For more information on this home for sale at 728 E Walnut St Santa Ana, CA 92701 contact Ardent Real Estate Group and we will put you in touch with one of our Santa Ana agents.

Public Facts for 728 E Walnut St

Public county record property details

Beds: --
Baths: --
Year built: 1961
Sq. Ft.: 2,992
Lot Size: 7,924
Stories: --

Type: Apartments (Generic)
Pool: No
Spa: No
County: Orange
Lot#: 1
APN: 404-071-01

The source for these homes facts are from public records.

92701 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$455,000

Median List Price/Sq.Ft.

$469

Median Sold Price

$435,000

Median Sold Price/Sq.Ft.

$582

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (63.64%), FHA (9.09%), VA (9.09%), Cash (18.18%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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. 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, 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.