335 E Chestnut Avenue

Santa Ana, CA 92701
$5,350,000
0.40 acres | #PW24172534
Courtesy of Triqor Group

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
      • Stories:3
      • Lot description:Yard
      • Acres:0.4
      • Property type:Multi-Family
      • Year built:1985
      • Sewer information:PublicSewer
      • Utility source:Public
      • Subdivision:Santa Ana
      • County:Orange
      • Original List Price:$5, 400, 000
      • MLS #:PW24172534
      • Cost:5350000
      • Property subtype:Apartment
      • MLS #:PW24172534

Location

The Alcantara GroupReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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