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Offered For Sale

335 E Chestnut Avenue

#PW24172534

MLF

Built in 1985

$5,400,000

About the property

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.

Features

General

  • Half Bathrooms 0
  • Real Estate Sub Type Apartment
  • Real Estate Type MLF
  • Square Feet 13,742
  • Stories 3
  • Year Built 1,985
  • Agent Name Chris Keramati
  • Broker Id PB7936
  • Office Name Triqor Group
  • Days On Market 0
  • Status Active
  • Agent Cell [email protected]

Location

  • Subdivision Other (OTHR)

Location

Questions

Human check: how many dogs are below?

     

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