335 E Chestnut Avenue
Santa Ana, CA 92701
0.40 acres | #PW24172534
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
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$5,400,000
- MLS #PW24172534
- MLS #PW24172534
- SubdivisionSanta Ana
- Property SubtypeApartment
- Cost5350000
- Utility SourcePublic
- CountyOrange
- Lot DescriptionYard
- Year Built1985
- Acres0.4
- Stories3
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Chris Keramati (#PKERACHR)
Listing Office: Triqor Group (#PB7936)
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