Santa Ana, CA 92701,335 E Chestnut Avenue
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Santa Ana, CA 92701,335 E Chestnut Avenue
Santa Ana, CA 92701,335 E Chestnut Avenue
Santa Ana, CA 92701,335 E Chestnut Avenue
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$ 5,350,000
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335 E Chestnut Avenue Santa Ana, CA 92701

13,742 SqFt


UPDATED:

10/22/2024 05:24 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 13,742 sqft

Price per Sqft $389

MLS Listing ID CRPW24172534

HOA Y/N No

Year Built 1985

Lot Size 0.400 Acres

Acres 0.4

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.

Location

State CA

County Orange

Area Listing

Interior

Fireplace No

Laundry Community Facility

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 40409417


Bridge MLS
Listed by Chris Keramati • Triqor Group

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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335 E Chestnut Avenue