335 East Chestnut Avenue

Santa Ana, CA 92701

$5,350,000
Price
3
Beds
30
Baths
13,742 Sq. Ft.
$389 / Sq. Ft.
13,742
Sq. Ft.
$389
per Sq. Ft.

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,...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.
  1. Listed by Chris Keramati • DRE #01702116 • Brokerage DRE #01921625 • Triqor Group • chris@triqorgroup.com

Property Details for 335 East Chestnut Avenue

Parking Spaces Total
34
Private Pool
No
Total Units
22.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
13742
Assessor Parcel Number
404-094-17
Property Attached YN
true
LISTING UPDATED: 10/22/2024 02:48 AM

Property Details for 335 East Chestnut Avenue

StatusActive
MLS #PW24172534
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
CountyOrange County

Building Information for 335 East Chestnut Avenue

Building/Complex335 E Chestnut AveFloor-Stories3Residences-Pet Policy-Year Built1985Building Size-

Property Information for 335 East Chestnut Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $431,914
  • Gross Scheduled Income: $445,272
  • Net Operating Income: $276,531
Expense Details
  • Operating Expense: $155,383
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $155,383
Tax / Assessment Info
  • Tax Block: I
  • Tax Tract Number: 134
  • Tax Census Tract: 746.02
  • CFD/Mello-Roos Fee: $5,608
  • Tax Lot: 10
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: /
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Yard
  • Number Of Units: 22
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 34
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 14
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,524
  • Unit Type Total Rent: $21,336
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,903
  • Unit Type Total Rent: $15,224
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 0

Property History for 335 East Chestnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 335 East Chestnut Avenue

Taxable ValueLand$3,346,556Additions$2,231,037Total$5,577,593
Tax Record2024$67,881 ($5,657 / month)
Home Facts
Total Finished SqFt13,742 SqFtAbove Grade Finished SqFt13,742 SqFtLot Size18,818 SqFtStyleMulti-Family Dwelling (2-4)Year Built1985CountyORANGEAPN404-094-17

Schools near 335 East Chestnut Avenue

This home is within Santa Ana Unified School District.
Rating
School
Type
Grades
Distance
Theodore Roosevelt Elementary School
Public - K to 5
Willard Intermediate School
Public - 6 to 8
Century High School
Public - 9 to 12
Edward B. Cole Academy
Charter - K to 5
Rating
School
Distance
Theodore Roosevelt Elementary School
PublicK to 5

Willard Intermediate School
Public6 to 8

Century High School
Public9 to 12

Edward B. Cole Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 335 East Chestnut Avenue, Santa Ana, CA 92701

335 East Chestnut Avenue is a multi-family home for sale in Santa Ana, CA 92701. This property was listed for sale on August 20, 2024 by Triqor Group, it's currently listed at $5,350,000. It has been on the market for a total of 63 days and was last sold on February 7, 2018. This listing's school district is Santa Ana Unified School District. Nearby schools include Theodore Roosevelt Elementary School, Willard Intermediate School and Century High School. 335 East Chestnut Avenue is a 3-bed, 30-bath, 13,742 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triqor Group, Chris Keramati, DRE #01702116

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.