335 E Chestnut Avenue

Santa Ana, CA 92701 $50,000.00 (-0.93%) Active for $5,350,000

Overview
Map & Location
Median Values
Schools & Score
Property History
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Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 17,424 sqft

335 E Chestnut Avenue | Thumbnail Photo 1

335 E Chestnut Avenue | Thumbnail Photo 2

Property Facts

MLS	PW24172534
Year Built	1985
Property Type	Apartment
County	Orange
Status	Active
Active	$5,350,000
Structure Size	N/A sqft
Lot Size	17,424 sqft
Beds	N/A
Baths	N/A

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.

Listing information courtesy of: Chris Keramati, Triqor Group 949-756-3232. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 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.