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$5,350,000
Est. payment /mo
0.4 Acres Lot
UPDATED:
12/05/2024 05:20 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Santa Ana
MLS Listing ID PW24172534
HOA Y/N No
Year Built 1985
Lot Size 0.400 Acres
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 69 - Santa Ana South Of First
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 34
Pool None
Community Features Sidewalks
Total Parking Spaces 34
Private Pool No
Building
Lot Description Yard
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 40409417
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Chris Keramati • Triqor Group • chris@triqorgroup.com
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908