335 E Chestnut Avenue, Santa Ana, CA 92701
-
Listed Price :
$5,350,000
-
Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1985
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
335 E Chestnut Avenue |
| City |
Santa Ana |
| State |
CA |
| Zip |
92701 |
| County |
Orange |
| Listing Agent |
Chris Keramati DRE #01702116 |
| Courtesy Of |
Triqor Group |
| List Price |
$5,350,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
17,424 |
| Year Built |
1985 |
Listing information courtesy of: Chris Keramati, Triqor Group. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 5:20 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
