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$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

  • 86 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

CRMLS #PW24172534

Price change
$5,350,000
-0.93%
08/20/2024
CRMLS

CRMLS #PW24172534

Listed
$5,400,000

Schools & Community

Neighborhood: 

Eastside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Status: Active

Tomo last checked: 11/14/2024 at 7:45 AM

Listing updated: 10/22/2024 at 9:50 AM

Listed by: Chris Keramati, Triqor Group Phone #: (949) 756-3232

MLS: CRMLS #PW24172534

CRMLS logo

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