335 E Chestnut Avenue

Santa Ana, CA 92701

  • 0 Bed(s)
  • 0 Bath(s)
  • 13,742 Sqft
  • 17424
    Sqft(Lot)
$5,025,000

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.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    46690371

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1985
    • Building Area Total: 13,742

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.4
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 17424

  • Listing Price Information

    • Original List Price: 5,025,000
    • Listing Contract Date: 2024-08-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 40409417

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 69 - Santa Ana South of First
    • Postal Code Plus 4: 5991
    • Directions: Driving East on 1st St., Turn right onto Orange Ave., Turn left onto E. Chestnut Ave., Property will be on your left.
    • Source Property Type: Residential Income
    • Area: 69 - Santa Ana South of First
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 40
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: /
    • Property Attached: Yes
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BuyOwner last updated this listing 04/08/2025 @ 23:00

  • MLS: PW24172534
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 13,742 sqft, 17,424 sized lot, and 0 parking. are nearby neighborhoods.