Price cut
$885,000
6 bd · 6 ba · · 7,000 sqft lot
421 E Walnut St, Santa Ana, CA 92701
Multi-family · Built 1905 ·
$5,420/mo est. payment
Flood factor 4/10
About this home
A rare find in the heart of Santa Ana: a legal triplex on an exceptional corner lot, just blocks from Downtown, offering strong income, this property consists of a charming early-1900s front house and a separate rear building, giving residents the privacy and feel of detached living rather than a shared-wall apartment layout. Originally a 2 bed 1 bath house SFR up front, over the years the property has been adapted from its original configuration to suit the way it's lived in today; a second bathroom was added to the front house. And the rear building, originally two 1 bed 1 bath units, now being rented as a single 2 bed 2 bath residence with one kitchen. These modifications were made without permits; buyer to verify all square footage, unit count, permit status, and zoning with the Orange County assessors office & City of Santa Ana. The new home owner can leave as is or possibly restore these two residences to their orinal configuration. The large lot leaves room for future possibilities, and the central location puts tenants minutes from Downtown Santa Ana's dining and arts district, transit, schools, and major freeways. This is a fantastic opportunity for any investor.
Facts and features
Bedrooms
- Bedrooms: 6
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: Corner Lot, Front Yard
- Lot Size Acres: 0.1607
- Lot Size Source: Assessor
- Lot Size Square Feet: 7000
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Maintenance Expense: 1148
Multi-Unit Info
- Number of Buildings: 2
- Number of Units: 3
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 2
- Full Bathrooms in Unit-1: 2
- Full Bathrooms in Unit-2: 2
Rental Info
- Gross Income: 64445
- Gross Scheduled Income: 64445
- Rent Control: Yes
Amenities and Community Features
- Community Features: Curbs, Sidewalks
Other Property Info
- Source Listing Status: Active
- County: Orange
- Source Property Type: Residential Income
- Insurance Expense: 3420
- Area: 69 - Santa Ana South of First
- Source Neighborhood: Other (OTHR)
- Number of Separate Electric Meters: 3
- Number of Separate Gas Meters: 3
Schools
- 4
Theodore Roosevelt Elementary School
elementary · K-5 · 0.3 mi
- 1
Willard Intermediate School
middle · 6-8 · 1.0 mi
- 4
Century High School
high · 9-12 · 1.3 mi
Community School of Central Orange
elementary · K-5 · 0.3 mi
- 3
Edward B. Cole Academy
elementary · K-5 · 0.1 mi
- 2
Garfield Elementary School
elementary · K-5 · 0.4 mi
Price history
- Sep 28, 2026 · Listed$885,000
- Oct 1, 2003 · Sold$470,000
- Mar 5, 2003 · Sold$275,000
Tax history
- 2025$9,989 tax · $858,947 assessed
- 2024$9,730 tax · $842,105 assessed
- 2023$9,492 tax · $809,406 assessed
- 2022$9,397 tax · $793,536 assessed
- 2021$7,386 tax · $617,346 assessed
- 2020$7,401 tax · $611,016 assessed
- 2019$7,256 tax · $599,036 assessed
- 2018$6,977 tax · $587,291 assessed
Home value
$1,199,000
- Collateral Analytics$1,199,000
- Quantarium$862,096
Where it is
Listed by Chris Skawinski · First Team Real Estate · CRMLS
