CA > Santa Ana > ,Santa Ana
Santa Ana, CA 92701,335 E Chestnut AVE
Santa Ana, CA 92701,335 E Chestnut AVE
Santa Ana, CA 92701,335 E Chestnut AVE
Santa Ana, CA 92701,335 E Chestnut AVE
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Mina (Jack) Meleka

Mina (Jack) Meleka

+1(562) 900-9701
$ 5,350,000
Est. payment | /mo

0.4 Acres Lot

Save
$ 5,350,000
Est. payment | /mo
Save

0.4 Acres Lot

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

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

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

California Regional MLS (CRMLS)
Listed by Chris Keramati • Triqor Group • chris@triqorgroup.com
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 900-9701

jack@themelekagroup.com

California, USA

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335 E Chestnut AVE