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Closed
- Listed price
- $2,170,000
- Listed Sep 1, 2020
- Sold price
- $2,200,000
- Sold Dec 4, 2020
10,237 sqft lot|1949 Built|0 MLS days on market
406 W Washington Ave, Santa Ana, CA 92706
Property Description
*Great Location in the City of Santa Ana. The 10 Units Apartment Building is in An Excellent Rental Area with Low Vacancy Rates. Two-Story 10-Unit Apartment Building is Located in High Demand Rental Desirable Neighborhood in the City of Santa Ana (Next to City of Tustin ). Building Inside Total 5,200 Sq. ft. New Paint on the Building. Newer Windows and All Units have been Fully Renovated. All One Bedroom with One Bath. Monthly Rent $1,350 with Individually Meters for Gas And Electricity. Annual Gross Income Approx. $162,000, Annual Expense $ 44,500 which includes Property Tax, Insurance , Gardener, Common Area Electricity , Water, Trash and Management Fee. Annual Net Operating Income Approx. $117,500. Cap Rate: 5.41 % with Current Property Tax Rate. Performa Annual Rental Income will be $173,400. Landlord Pays the Water/Trash/ Gas/ Gardener/ Property Tax /Insurance/ Management Fee . Separate On-Site None Operated Washer or Dryer. Currently No Additional Laundry Income. 10 Cars Garages Parking Spaces in Back of the Building. plus other parking spaces . Close to Freeway 5, Next to City of Tustin. Shopping Centers, Restaurants & Parks. Tenants with a "Month-To-Month" Lease Term Which Provides An Investor the Opportunity to Adjust the Rent in the future. Great investment opportunity For The Investor to Keep as a Long Term Investment. *Please Drive-By Only and DO NOT Enter the Building or Disturb Any Tenants*
Listing agent: Sheng WangDRE #01772547tw8293@yahoo.com, Listing office: Century 21 Care
MLS data updated 11/3/2026, 6:35:44 PM PT
Source: CRMLSMLS #: TR20180731
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,200,000
Dec 4, 2020
Available records22020
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92706 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92706 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.