335 E Chestnut Avenue
Santa Ana, CA 92701
0.40 acres | #PW24172534
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 5.8% cap rate on current income, with the potential to achieve nearly 8.6% 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
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Chris Keramati (#PKERACHR)
Listing Office: Triqor Group (#PB7936)
