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    629 E Chestnut Avenue

    Santa Ana, CA 92701
    • $1,775,000
    • STATUS: Pending
    • ON SITE: 87 days
    • ID#: OC21012679
    Pending
    UPDATED: 109 min ago
    $1,775,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,174
      SQFT
    • $343
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Six-unit multifamily townhome style apartment complex, in Santa Ana. This complex has low turnover and produces immediate cash flow with market rents, perfect for new investors. Featuring 3 spacious 2-bed / 1.5 bath units, and 3, 1-bed / 1 bath unit. On-site laundry facility, and Tuck-under gated parking. Walking distance to recently renovated Santa Ana Historic District, featuring restaurants, entertainment, shopping, easy access to public transit and schools. Visible corner lot on Chestnut Ave., close proximity to the 5 & 55 freeways, employment, area shopping malls, and just a few miles to the City of Tustin, makes this an ideal location for renters. This is an opportunity you won't want to miss.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/113448964
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    629 E Chestnut Avenue Santa Ana, CA 92701

    • Price: $1,775,000
    • Status: Pending
    • Updated: 109 min ago
    • ID#: OC21012679
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,174
    SQFT
    $343
    $/SQFT
    1980
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    69 - Santa Ana South of First
    Property Description
    Six-unit multifamily townhome style apartment complex, in Santa Ana. This complex has low turnover and produces immediate cash flow with market rents, perfect for new investors. Featuring 3 spacious 2-bed / 1.5 bath units, and 3, 1-bed / 1 bath unit. On-site laundry facility, and Tuck-under gated parking. Walking distance to recently renovated Santa Ana Historic District, featuring restaurants, entertainment, shopping, easy access to public transit and schools. Visible corner lot on Chestnut Ave., close proximity to the 5 & 55 freeways, employment, area shopping malls, and just a few miles to the City of Tustin, makes this an ideal location for renters. This is an opportunity you won't want to miss.
    Exterior Features

    Architectural Style Traditional Carport Spaces 10 Carport YN Yes Construction Materials StuccoSteelUnknownWood Siding Fencing Wrought Iron Foundation Details Combination Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 7 Parking Features Attached CarportConcreteCoveredGarage Faces FrontGatedOn Site Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Asphalt Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances Electric RangeGas RangeHigh Efficiency Water Heater Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Interior Features BalconyCeiling Fan(S)

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4 Common Interest Community Apartment Community Features CurbsGutter(S)Street LightsSidewalks Contingency Buyer To Cooperate With Sellers 1031 Exchange At No Cost To Them.Private Remarks: Listing Agent Makes No Claims As To The Accuracy Of SizeSquare Footage Or City Permitting. Buyer is Advised To independently Verify The Accuracy Of All information Through Personal inspection And With Appropriate Professionals. Disclosures Rent ControlSection 8 Approved Electric Expense 563 Fuel Expense 1066 Garage YN No Gross Income 1920 Gross Scheduled Income 116340 Insurance Expense 1880 Land Lease YN No Laundry Features Common AreaLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 3000 Net Operating Income 81759 New Construction YN No New Taxes Expense 19000 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 30509 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 9695 Trash Expense 1700 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 3472 Vacancy Allowance Rate 3 Water Sewer Expense 2100 Water Source Public Zoning R3h

    Listing provided courtesy of Shelly Kay Hilliard of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-18T00:26:25.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    31213 Temecula Parkway
    Temecula CA, 92592