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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.
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| List Price | $5,400,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1985 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 40409417 |
| MLS # | PW24172534 |
| Property ID | 320780503 |
| Lot Sqft | 17,424 |
| Zoning | Unknown |
| Total Units | 22 |
| Date Updated | August 20, 2024 |
| Date Created | August 20, 2024 |
Chris Keramati an agent of . Lic #01702116
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of August 20, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT