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335 E Chestnut AvenueSanta Ana, CA 92701
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
| 2 months ago | Price changed to $5,350,000 | |
| 2 months ago | Listing updated with changes from the MLS® | |
| 4 months ago | Status changed to Active | |
| 4 months ago | Listing first seen on site |
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