$1,840,000
$1,995,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
629 E Chestnut Avenue Santa Ana, CA 92701
3 Beds
3 Baths
6,534 Sqft Lot
Key Details
Sold Price $1,840,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24045146
Bedrooms 3
Lot Size 6,534 Sqft
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.
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.
Location
State CA
County Orange
Area Oc - Santa Ana (92701)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Others
Monthly Total Fees $128
Acceptable Financing Cash, Exchange
Space Rent $2,700
Listing Terms Cash, Exchange
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Bought with Ann Diep • Trojan Financial Solutions