629 E Chestnut Avenue, Santa Ana, CA 92701
- $1,840,000
- Sold Price
- $1,840,000
- List Price
- $1,995,000
- Closing Date
- May 08, 2024
- Status
- CLOSED
- MLS#
- OC24045146
- Year Built
- 1980
- Lot Size
- 6,534
- Acres
- 0.15
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 44
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
629 East Chestnut Ave is a 6-unit multifamily investment property located in Santa Ana, California. Constructed in 1980, 629 East Chestnut Avenue consists of one- and two-bedroom townhome style floorplans and includes amenities such as on-site laundry, gated tuck-under parking, and private balconies or patios. What sets this property apart is the proactive approach of the current owner, who has significantly renovated four of the six units, spending over $85,000 on interior capital improvements. Such renovations include upgraded kitchens, upgraded bathrooms, hardwood flooring, recessed lighting, and stainless steel appliances. The property is separately metered for gas and electricity, with the opportunity to add RUBS to minimize expense costs. With rental upside and a proven history of delivering strong cash flow, this property is a compelling addition to any investor.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $158,004
- Operating Expense
- 47222
Listing courtesy of Listing Agent: Jason Kirklen (jason@kig-usa.com) from Listing Office: Kirklen Investment Group.
Listing sold by Ann Diep from Trojan Financial Solutions
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.