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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 Type(s):
Residential Income
| Last Updated | 10/22/2024 | Tract | ,Santa Ana |
|---|---|---|---|
| Year Built | 1985 | Community | Santa Ana South of First |
| County | Orange |
Price History
| Prior to Oct 22, '24 | $5,400,000 |
|---|---|
| Oct 22, '24 - Today | $5,350,000 |
Additional Details
| AREA | Santa Ana South of First |
|---|---|
| LOT | 0.4 acre(s) |
| LOT DESCRIPTION | Yard |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | ,Santa Ana |
| WATER | Public |
Location
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Listed with Triqor Group
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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