335 E Chestnut Avenue, Santa Ana, CA 92701

  • $5,400,000
  • $393
335 E Chestnut Avenue, Santa Ana, CA 92701
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1985
  • Year Built
For Sale
335 E Chestnut Avenue, Santa Ana, CA 92701
  • $5,400,000
  • $393

Overview

Property ID: SGR-33809304
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1985
  • Year Built

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.

  • Address 335 E Chestnut Avenue
  • City Santa Ana
  • State/county CA
  • Zip/Postal Code 92701
  • Area 69 - Santa Ana South of First
  • Country United States

Details

Updated on September 10, 2024 at 3:21 am
  • Property ID: SGR-33809304
  • Price: $5,400,000
  • Land Area: 17424.00 m²
  • Garage: 0.00
  • Year Built: 1985
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 13742.00
  • MLS#: PW24172534
  • Office Name: TRIQOR GROUP
  • Agent Name: Chris Keramati
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01702116
  • IDX Contact Info: chris@triqorgroup.com

Additional details

  • Sewer: Public Sewer
  • County: Orange
  • Property SubType: Apartment
  • Parking: 34.00
  • Water Source: Public

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