335 East Chestnut Avenue Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92701
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 13,742 sqft
Price per Sqft $365
MLS Listing ID PW-24172534
Year Built 1985
Lot Size 0.400 Acres
Property Sub-Type Apartment
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 5.8% cap rate on current income, with the potential to achieve nearly 8.6% 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
Laundry Community
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Building
Lot Description Yard
Sewer Public Sewer