CA > Santa Ana > ,Santa Ana
Santa Ana, CA 92701,335 E Chestnut AVE
Santa Ana, CA 92701,335 E Chestnut AVE
Santa Ana, CA 92701,335 E Chestnut AVE
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Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

+1(626) 788-9299
$5,350,000
Est. payment /mo
0.4 Acres Lot
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UPDATED:

10/22/2024 04:49 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision ,Santa Ana

MLS Listing ID PW24172534

HOA Y/N No

Year Built 1985

Lot Size 0.400 Acres

Property Description

We are pleased to present the Chestnut Avenue Property in Santa Ana, CA. Constructed in 1985, this property features copper plumbing and offers an over 1.5:1 parking ratio with 34 covered parking spaces. The property consists of 14 one-bed units and 8 two-bed, two-bath units. Over half of the units have balconies, and the amenities include two on-site laundry facilities, an elevator, individual water heaters, and individual gas and electric meters. The property boasts a 5.1% cap rate on current income, with the potential to achieve nearly 8% on market rents. With the potential for a 35% increase in rental income, investors can expect strong in-place cash flow while strategically implementing a plan to maximize their investment returns.

Location

State CA

County Orange

Area 69 - Santa Ana South Of First

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 34

Pool None

Community Features Sidewalks

Total Parking Spaces 34

Private Pool No

Building

Lot Description Yard

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 40409417

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Chris Keramati • Triqor Group • chris@triqorgroup.com

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Terrance Scotton, Broker Associate

+1(626) 788-9299

Broker Associate | License ID: 01707848 NMLS: 908256

Broker Associate License ID: 01707848 NMLS: 908256

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