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Listed by Chris Keramati • Triqor Group
$ 5,025,000
Est. payment | /mo
13,742 SqFt
$ 5,025,000
Est. payment | /mo
13,742 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,742 sqft
Price per Sqft $365
MLS Listing ID CRPW24172534
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1985
Lot Size 0.400 Acres
Property Sub-Type Other
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 5.8% 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
State CA
County Orange
Interior
Fireplace No
Laundry Community Facility
Building
Water Public
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