$5,350,000
335 E Chestnut Avenue
Santa Ana, CA, 92701
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.
Property Details
Price:
$5,350,000
MLS #:
PW24172534
Status:
Active
Baths:
0
Address:
335 E Chestnut Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
69santaanasouthoffirst
City:
Santa Ana
Listed Date:
Aug 20, 2024
State:
CA
ZIP:
92701
Lot Size:
17,424 sqft / 0.40 acres (approx)
Year Built:
1985
Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
Yard
Parking Spots
34.00
Pool Features
None
Sewer
Public Sewer
Stories Total
3
Water Source
Public
Financial
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Courtesy of Triqor Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 335 E Chestnut Avenue
Santa Ana, CA
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