335 E Chestnut AvenueSanta Ana, CA 92701
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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.
| 4 weeks ago | Price changed to $5,350,000 | |
| 4 weeks ago | Listing updated with changes from the MLS® | |
| 3 months ago | Status changed to Active | |
| 3 months ago | Listing first seen on site |
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