$5,350,000
- Beds
- Unknown
- sq ft
- 13,742
335 E Chestnut Ave, Santa Ana, CA 92701
335 E Chestnut Ave
Santa Ana, CA 92701
- 95 days on market
- Price drop $50,000↓
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.
Details
Property type
Apartment
Lot size
0.4 acres
Price per sq ft
$390
Year built
1985
Price History
10/22/2024
CRMLS #PW24172534
Price change
$5,350,000
-0.93%
08/20/2024
CRMLS #PW24172534
Listed
$5,400,000
Schools & Community
Neighborhood:
Eastside
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Sidewalks
Community features:
Sidewalks
Status: Active
Tomo last checked: 11/23/2024 at 3:15 AM
Listing updated: 10/22/2024 at 9:50 AM
Listed by: Chris Keramati, Triqor Group Phone #: (949) 756-3232
MLS: CRMLS #PW24172534
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