709 E Chestnut Avenue

Santa Ana, CA 92701
Property listed by Morgan Skenderian, Rick Applebaum [email protected]
$3,550,000
The Chestnut Apartments is a turnkey, 12-unit apartment building located in the heart of Santa Ana. Built in 1983 and just minutes away from the historic Downtown District, this property represents one of the most attractive multifamily investment opportunities in the county. It boasts a compelling 6.2% CAP Rate basedRead MoreRead Less
Listing Snapshot
Days Online
216
Last Updated
Property Type
Apartment
Lot Size
0.16 Acres
Year Built
1983
MLS Number
PW25111635
Property Location Map
Additional Details
Building
Built in 1983, 1 building, 3 stories, Levels: Two, Entry level: 1, Entry location: Street
Community
Biking, Curbs, Park, StreetLights, Sidewalks
Expenses
Electric: $3,060, Fuel: $3,060, Gardener: $1,200, Insurance: $7,032, Licenses: $500, Maintenance: $8,894, Operating: $75,523, Trash: $3,060, Water/Sewer: $3,060, Other Expense: $2,965
Garage
12 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $305,652, Gross ScheduledIncome: $305,652, Net Operating Income: $220,959
Laundry
SeeRemarks
Lot
0.1572 acres
Parking
12 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 40407212, Tax Block: B, Lot: 10, Zoning: R3
Utilities
Water Source: Public, 12 separate electric meters, 12 separate gas meters
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Monthly Payment
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Melanie Kermode
REALTOR® | DRE 01188137
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.