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$5,350,000
Est. payment /mo
0.4 Acres Lot
UPDATED:
10/22/2024 04:50 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24172534
Originating Board California Regional MLS
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
Interior
Laundry Community Facility
Exterior
Garage Spaces 34.0
Pool None
Building
Water District - Public
Others
Tax ID 40409417
Special Listing Condition Not Applicable
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Listed by Chris Keramati • Triqor Group
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Sharad Gupta
Broker | License ID: 02213637
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