335 E Chestnut Avenue
Santa Ana, CA, 92701
$5,350,000
Beds
0 Baths
SqFt
0.4 Acres
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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
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335 E Chestnut Avenue
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